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India


Commonwealth FinMins urge progress on taxing digital commerce to tackle debt

New Delhi, Oct 21 (UNI) Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerce.
Revenues from tax collection are important for maintaining debt at sustainable levels, yet can often be impaired by the digitalisation of trade in services, as this often results in countries being unable to determine when, how and where taxes on digital transactions should be collected.
According to a press release here, ministers have therefore agreed that the Commonwealth should bring its powerful collective voice to ongoing discussions at the Organisation for Economic Co-operation and Development (OECD), particularly on behalf of smaller states. International agreement on digital taxation could enable countries to benefit by taxing large tech giants, even if they do not operate within their jurisdictions.
These decisions were made by ministers gathered in Washington DC for the 2019 Commonwealth Finance Ministers Meeting under the theme ‘preventing debt crises: the role of creditors and debtors’.
Secretary-General Patricia Scotland said: “The Commonwealth has a distinctive contribution to make by bringing together nations with developed and developing economies to agree on collective approaches and action towards a fair and equitable global system for taxing multinational businesses in a swiftly digitalising economy
“We need a rule-based system that is inclusive, transparent and efficient so that all countries have a means of collecting revenue and are thereby able to avoid accumulating excessive debt. It goes hand in hand with accelerating the gains to be made by addressing climate change and making progress towards achieving the sustainable development goals.”
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Deipa Asdhir Dubey to be Mahila Congress president of Chandigarh Territorial Mahila Congress

17 Nov 2019 | 6:04 PM

New Delhi, Nov 17 (UNI) Congress interim president Sonia Gandhi on Sunday approved the proposal for appointing Mrs Deipa Asdhir Dubey as Mahila Congress president of Chandigarh Territorial Mahila Congress.

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Amit Shah introduces winter grade Diesel in Ladakh, inaugurates first outlet

Amit Shah introduces winter grade Diesel in Ladakh, inaugurates first outlet

17 Nov 2019 | 6:00 PM

New Delhi, Nov 17 (UNI) To address problems faced by people of Ladakh due to loss of fluidity in Diesel fuel during extreme winter conditions, Union Home Minister Amit Shah on Sunday launched the the first Winter-Grade Diesel outlet for the region.

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Delhi air improves from 'severe' to 'poor'

Delhi air improves from 'severe' to 'poor'

17 Nov 2019 | 5:27 PM

New Delhi, Nov 17 (UNI) With respite from the severe air, the National Capital on Sunday morning witnessed an improvement in the air quality which was under the 'poor' category.

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Strong correlation seen between stubble burning and spike in air pollution: Kejriwal

Strong correlation seen between stubble burning and spike in air pollution: Kejriwal

17 Nov 2019 | 5:01 PM

New Delhi, Nov 17 (UNI) With considerable improvement witnessed in the air qualituy in the city on Sunday, Delhi Chief Minister Arvind Kejriwal said a very strong correlation can be seen between stubble burning and the spike in the air pollution in the northern region.

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This session of Parliament is special as it marks 250th session of Rajya Sabha: PM

This session of Parliament is special as it marks 250th session of Rajya Sabha: PM

17 Nov 2019 | 4:08 PM

New Delhi, Nov 17 (UNI) Prime Minister Narendra Modi, who attended the all-party leaders' meeting ahead of the Winter session of Parliament here on Sunday, observed that this session of Parliament will be a special occasion as it will mark the 250th session of the Rajya Sabha and expressed his happiness that special events and activities were being planned to mark the occasion.

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