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Know Global Financial Cycle And Monetary Policy

New Delhi (ABC Live):  Global Financial Cycle :There is a global financial cycle in capital flows, asset prices and in credit growth. This cycle co moves with the VIX, a measure of uncertainty and risk aversion of the markets. Asset markets in countries with more credit inflows are more sensitive to the global cycle. The global financial cycle is not …

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India Notifies Rules for Country-by-Country Report

New Delhi (ABC Live):Country-by-Country Report :  In keeping with India’s commitment to implement the recommendations of 2015 Final Report on Action 13, titled “Transfer Pricing Documentation and Country-by-Country Reporting”, identified under the OECD Base Erosion and Profit Shifting (BEPS) Project, section 286 of the Income-tax Act, 1961 (‘the Act’) was inserted vide Finance Act, 2016, providing for furnishing of a Country-by-Country report …

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Industrial Commodities Prices to Rise in 2018

New Delhi (ABC Live) : Industrial Commodities Prices : Prices for industrial commodities are forecast to level off in 2018 after big increases this year, the World Bank’s October Commodity Markets Outlook says. Oil prices are expected to rise to an average of $56 per barrel in the coming year from an average of $53/bbl in 2017 as a result of steadily …

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Read IMF View on Global Recovery Challenges

Munich (ABC Live): Global Recovery Challenges: IMF First Deputy Managing Director David Lipton conveyed IMF views on Sustaining the Global Recovery Challenges. as  Sustaining the Global Recovery Challenges has become aim of all international organizations working in this field. ” Good afternoon. Thank you for the kind introduction. I am always happy to visit Germany—a country that provides an important …

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Know Post Uruguay Round Market Access Conditions

New Delhi (ABC Live): Post Uruguay Round Market Access Conditions : World trade had been liberalized considerably as a result of the Uruguay Round but significant trade barriers remained there — including in areas of interest to developing countries like textiles and agriculture, according to a new WTO Secretariat study Market Access: Unfinished Business published today (27 April 2001). “This new report …

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Read Fiscal Spillovers Notes on Macroeconomic

New Delhi (ABC Live): Fiscal Spillovers Notes :Are fiscal spillovers today as large as they were during the global financial crisis? How do they depend on economic and policy conditions? This note informs the debate on the cross-border impact of fiscal policy on economic activity, shedding light on the magnitude and the factors affecting transmission, such as the fiscal instruments …

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India Global Competitiveness Ranking Improves to 40th Place

New Delhi (ABC Live); India Global Competitiveness Ranking : India indexed at 40th place in WEF Global Competitiveness Report released on September 26, 2017. India stabilizes its position on 40th place this year after its big leap forward of the previous two years. The India Global Competitiveness Ranking improves across most pillars of competitiveness, particularly infrastructure (66th, up two), higher …

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WEF Global Competitiveness Report Confirms Steady Growth

New Delhi (ABC Live); WEF Global Competitiveness Report  : Almost 10 years after the economic crisis, the world economy is in much better shape. The slow yet steady growth seen over the last few years is set to continue, with a predicted 3.5% in growth in 2017. However, we are living in a time of unprecedented change and uncertainty. Geopolitical …

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Know Rules of Origin Principle in World Trade

New Delhi (ABC Live): Rules of Origin Principle : Rules of origin  are the criteria used to define where a product was made. They are an essential part of trade rules because a number of policies discriminate between exporting countries: quotas, preferential tariffs, anti-dumping actions, countervailing duty (charged to counter export subsidies), and more. Rules of origin are also used …

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India to Bring First GST Act Amendment

New Delhi (ABC Live): GST Act Amendment ; The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval to the proposal of the Finance Ministry to promulgate an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017. The approval would allow to increase the maximum rate at which the Compensation Cess …

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