Wednesday , April 1, 2026 |   13:23:18 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
DTAA - Virtual Service Permanent Establishment (VSPE) cannot be read into provisions of DTAA, as Article 5 of India-UK Treaty makes no provision for VSPE: ITAT (See Breaking News) I-T - Assessment order passed after expiry of time limit stipulated in section 153 is barred by limitation and is invalid in law, even if it adheres to one-month timeline within section 144C(13): ITAT (See Breaking News) I-T - If assessee possesses sufficient own interest-free funds that exceed interest-free advances, it is presumed that advances were made from these own funds, and no disallowance of interest on borrowed funds can be made: ITAT (See Breaking News) Residency of Binny Bansal of Flipkart-fame - ‘Meaning of Being outside India'! (See TII Edit) TP - Section 92BA(i), governing specified domestic transactions, stands omitted without any saving clause & therefore, is to be treated as non-existent in statute - additions based on Section 92BA quashed: ITAT (See Breaking News) TP - Transfer pricing adjustment on international transaction involving payment of interest to AE is not warranted if assessee has already suo motu disallowed entire interest amount u/s 94B: ITAT (See Breaking News) TPO - In case involving reference to Transfer Pricing Officer, time limit for completing assessment is extended by 12 months as per Section 153(4): ITAT (See Breaking News) I-T - Appeal against a final assessment order lies before the Commissioner Appeals, and not directly before the Tribunal: ITAT (See Breaking News) I-T - Pure error of law based on plausible understanding of law, if income was fully disclosed in accounts and neither concealed nor inaccurately reported, does not attract Sec 271(1)(c): HC (See Breaking News) I-T - Period of limitation for passing final assessment order u/s 144C(13) must be determined by combined and harmonious reading of Section 144C and Section 153: ITAT (See Breaking News) TP - As is trite law, ALP of royalty payments to AEs should be determined using the TNMM method: ITAT (See Breaking News) DTAA - In absence of statutory time stipulation, delayed filing of Form 10F cannot be treated as fatal defect so as to deny treaty benefits, particularly when tax residency & eligibility under DTAA are not in dispute: ITAT (See Breaking News) I-T - Competent Authority shall issue Nil Tax Withholding Certificate within stipulated time, if delay will practically render assessee's case infructuous and will be of no avail as F.Y will be over: HC (See Breaking News) I-T - Final assessment order passed beyond time limit prescribed u/s 153 is barred by limitation and is invalid, even if internal timelines within Sec 144C procedure were adhered to: ITAT (See Breaking News) DTAA - Since payment for standard transponder services does not involve any secret process, it is not taxable as royalty in India under Treaty: ITAT (See Breaking News) INTL - Expenditure incurred wholly & exclusively for business purpose cannot be disallowed merely because it was not necessary or profitable: ITAT (See Breaking News) I-T - Section 144C and Section 153 are not mutually exclusive but are mutually inclusive and must be read harmoniously: ITAT (See Breaking News) TP - Mere reclassification of Compulsorily Convertible Debentures into equity & debt components under Ind-AS does not alter their intrinsic nature as debt instruments until actual conversion: ITAT (See Breaking News) TP - Addition framed TPO invalid where transaction in question is covered by binding Advance Pricing Agreement between assessee & CBDT as per Section 92CC: 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.