India-Bhutan Tax Inspectors without Borders (TIWB) Programme launched.
Tax Inspectors Without Borders (TIWB) happens to be a joint project by the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD).
India was chosen as the Partner Jurisdiction by Bhutan and it has provided with the taxation experts for the same.
India in partnership with the UNDP and TIWB Secretariat plans to support Bhutan in strengthening its tax management by sharing it’s technical expertise and best audit practices.
The programme focuses in the area of International Taxation and Transfer Pricing and is expected to be of approximately 24 months.
Capital of Bhutan- Thimphu
Prime Minister- Lotay Tshering
S&P slashes India’s growth forecast for FY22 to 9.5%
The Global Ratings Agency S&P has slashed India’s expected growth rate for the Fiscal Year 2022 to 9.5%.
Earlier the agency had predicted a growth rate of 11%.
It has also projected India’s growth at 7.8% for the fiscal year ending 2023.
Projections by other rating agencies
RBI has also slashed India’s growth forecast to 9.5 % for FY22, from 10.5 % that was predicted earlier.
According to Moody, it expects Indian economy to grow at 9.3 per cent for FY22.
World Bank too has downgraded its forecast to 8.3% from the earlier estimate of 10.1%.
Mission Karmayogi Task Force
Ex Infosys CEO SD Shibu Lal has been appointed as the Chairman of three member task force that has been set up with the aim of bringing major bureaucratic reforms through “Mission Karmayogi” .The other members of the task force are- Govind Iyer and Pankaj Bansal.
For the effective roll out of the mission, a Special Purpose Vehicle (SPV) that has been named as Karmayogi Bharat will be set up as a Non-Profit Company under the section 8 of Companies Act, 2013.
Source: safaltaIt will be a 100% government-owned body.
Mission Karmayogi- The National Programme for Civil Services Capacity Building (NPCSCB) was started with the objective to reform and make the Indian Civil Servants future ready by making them more creative, constructive, imaginative, innovative, proactive, professional, progressive, energetic, enabling, transparent and technology-enabled.