Sunday , July 26, 2026 |   18:01:38 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
INTL - Pendency of reference before larger bench of Supreme Court does not automatically stay operation of established high court precedents: ITAT (See Breaking News) I-T - Cost recoveries by non-resident entity from its Indian affiliates for various intra-group services are not taxable in India as FTS: ITAT (See Breaking News) TP - Company engaged in both custom software development & sale of software products across diverse sectors without providing segmental financial details, is functionally dissimilar to captive service provider: ITAT (See Breaking News) DTAA - Support, management & coordination services do not satisfy make available test as no proprietary technology, skill, or know-how is transferred - consideration for the same is not FTS: ITAT (See Breaking News) TP - For eligible assessee covered by Sec 144C, final assessment order must still be passed within outer limitation prescribed u/s 153, r/w/s Sec 153(4) where TPO reference is made: ITAT (See Breaking News) TP - TPO not justified in narrowing down pool of comparable companies by manipulating manufacturing income filters & introducing arbitrary 2% advertisement cost cap exclusively for domestic assessment: ITAT (See Breaking News) I-T - First proviso to amended Sec 149(1) prohibited issuance of reassessment notice once that old limitation had lapsed: ITAT (See Breaking News) I-T - If salary are paid to overseas group entities by way of actual reimbursements, then no TDS is required u/s 195: ITAT (See Breaking News) DTAA - An agency Permanent Establishment cannot exist when agent acts in ordinary course of its business & is not wholly dependent on a single principal: ITAT (See Breaking News) TP - Comparable may survive functional challenge but still be excluded if it fails accepted quantitative filter such as related party transaction threshold: ITAT (See Breaking News) TP - Principle of consistency runs through previous years treatment of comparables, guarantee/comfort letter pricing: ITAT (See Breaking News) I-T - Receipts from sale of software cannot be taxed as royalty merely because customer receives limited right to use software: ITAT (See Breaking News) INTL - Per settled precedent, sale of software and ancillary support services cannot be taxed as royalty & consideration received therefor is not taxable as fees for technical service: ITAT (See Breaking News) Govt notifies amending Protocol to India-Sri Lanka DTAA Global Min Tax: Reform is on track, says OECD (See Brief) TP - If facts surrounding intra-group foreign currency loan remain unchanged from earlier years, arm's length interest rate should be consistently benchmarked in line with earlier decision: ITAT (See Breaking News) I-T - DRP mechanism u/s 144C does not operate outside or independent of limitation framework: ITAT (See Breaking News) TP - AO must pass final assessment order within stipulated period of one month; order passed beyond such period is barred by limitation: ITAT (See Breaking News) TP - Under TNMM, relevant parameter is operating profit, since PBT may include non-operating items and can distort real operating performance: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

COVID-induced mental illness costing economies 4.2% of GDP: OECD
By TII News Service
Jun 09, 2021 , Paris

    

IN a new report, the OECD observed the effects of the on-going COVID 19 pandemic went beyond affecting the physical health of those affected by it. The OECD noted that the COVID-19 pandemic has led to a sharp increase in mental ill-health issues, especially among the young, unemployed and those facing financial insecurity. Countries should provide adequate support to those affected, while urgently scaling up investment and quality of care to reduce the high social and economic costs of mental ill-health, according to the report.

The report, which is titled A New Benchmark for Mental Health Sytems: Tackling the Social and Economic Costs of Mental Ill-Health states that mental health care has long been neglected and under-funded, and un-met need for care is still high in OECD countries. Even before the onset of the pandemic, an estimated one in two people experienced a mental health condition at some point in their lifetime, and one in five were living with mental ill-health at any given time.

Since the start of the COVID-19 crisis, levels of mental distress have increased sharply, especially among young people, with prevalence of anxiety and depression even doubling in some countries. Mental ill-health drives economic costs equal to more than 4.2% of GDP, some of which are the direct costs of treatment, but more than a third of which are related to lower employment rates and reduced productivity. These costs can be avoided, at least in part, according to the report.

OECD governments make person-centred care a priority in mental health strategies, but nearly 20% of people with a mental health condition reported they were not treated with courtesy and respect during a hospital stay. Only eight countries routinely collect information about people's experiences of, and outcomes from, mental health care. Availability of accessible and high-quality mental health services is improving, but 67% of people who wanted mental health care reported they had difficulties getting it. People with serious mental health conditions still have a much lower life expectancy than the population average.

A key part of good mental health system governance and leadership is acknowledgement of the issues, says the report. However, while the level of spending on mental health care has increased in OECD countries over the past decade, the share of total health spending dedicated to mental health has not increased and has even declined in some countries. Countries are making their mental health systems more innovative and future-focused using new approaches to mental health support such as apps and telemedicine, but it is also essential to have a sustainable workforce and a strong data infrastructure to track and improve performance. In both these areas countries are falling short: 11 OECD countries have only one or fewer psychologists per 10 000 population, while all countries struggle to collect a complete set of mental health performance indicators.

Countries must invest more in developing stronger and more widely available data on the key dimensions of mental health performance to drive faster and more meaningful improvements, says the report.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.