Saturday , May 9, 2026 |   00:26:17 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP - An interim stay on a judgment does not erase its ratio: ITAT (See Breaking News) I-T - Addition u/s 68 is unsustainable where the relevant receipts were duly recorded as sales in regular books of account & supported by documentary evidence: ITAT (See Breaking News) I-T - Proceedings initiated and finalized on grounds beyond recorded reasons constitute over-exercise of jurisdiction and are void ab initio for want of jurisdiction: ITAT (See Breaking News) INTL - Limitation prescribed u/s 153 is applicable even in cases covered by section 144C & both provisions must be read harmoniously: ITAT (See Breaking News) I-T - Non-obstante clause u/s 144C(13) imposes restriction on AO and denies him benefit of more expansive time-limit available u/s 153: ITAT (See Breaking News) I-T - Certain share transactions cannot be deemed to be bogus merely on suspicion based on general modus operandi of penny stock cases, but without specific evidence: ITAT (See Breaking News) I-T - Remittance of one's own money earned abroad and subjected to tax in foreign jurisdiction cannot be treated as income taxable in India in absence of material establishing accrual or receipt of income in India: ITAT (See Breaking News) The Advent of Multi-Currency Basket regimes (See TII special) TP - Price at which industrial units purchase power from State Electricity Board can be applied as valid CUP for determining ALP of supply of power by CPP to its other unit: ITAT (See Breaking News) DTAA - Subscription fees for access to database do not amount to royalty as there is no transfer of copyright but only use of copyrighted article : ITAT (See Breaking News) I-T - DDT is tax on dividend income of shareholder, require consideration by Larger Bench: HC (See Breaking News) DTAA - Assessee, being a Mauritius resident with valid TRC & no Permanent Establishment in India, is entitled to treaty benefits & exemption u/s 10(38) & Explanation 4 to section 115JB excludes foreign companies from MAT in such circumstances: ITAT (See Breaking News) All in name of Inclusive Framework - side-by-side formula- latest OECD gimmick (See TII Edit) I-T - Decision to restore matter to AO shall in no way be construed as reflection or expression on merits of dispute: ITAT (See Breaking News) DTAA - Amount received for fabrication/refurbishing services (bushings) provided by foreign AE to Indian arm, is not fees for technical service, as make available clause not satisfied: ITAT (See Breaking News) I-T - Order of interim stay stays operative part of decision but does not wipe out its ratio decidendi or nullify precedent unless explicitly set aside: ITAT (See Breaking News) I-T - Final assessment in name of non-existent entity, i.e., amalgamating company that had ceased to exist pursuant to NCLT-approved scheme of amalgamation, cannot be sustained: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

G20 jamboree: FM stresses on financial stability & fiscal sustainability
By TII News Service
Oct 14, 2021 , New Delhi

    

 

UNION Minister for Finance, Nirmala Sitharaman, participated in the 4 th G20 Finance Ministers and Central Bank Governors (FMCBG) Meeting under the Italian Presidency heldyesterday in Washington D.C. on the sidelines of the IMF-World Bank Annual Meeting

The meeting was the final FMCBG Meeting under the G20 Italian Presidency and saw discussions and agreements on various issues concerning global economic recovery, pandemic support to vulnerable countries, global health, climate action, international taxation and financial sector issues.

For a sustained recovery from the pandemic, the G20 Finance Ministers and Central Bank Governors agreed to avoid any premature withdrawal of support measures, while preserving financial stability and long-term fiscal sustainability, and safeguarding against downside risks and negative spillovers.

Sitharaman noted that for transitioning from crisis to recovery, one of the major challenges is ensuring equitable access to vaccines for all. The Finance Minister suggested that keeping up the support, building resilience, enhancing productivity and structural reforms should be our policy goals.

The Finance Minister appreciated the role of G20 in rallying pandemic response and supporting vulnerable countries through debt relief measures and the new SDR allocation. Going forward, Ms. Sitharaman suggested on focusing efforts on making the benefits reach the intended countries.

The Finance Minister joined the G20 Ministers and Governors in agreeing on the need for strengthening efforts to counter climate change. Sitharaman emphasised that considering the varied policy spaces and different starting points of countries, the centrality of climate justice based on United Nations' Framework Convention on Climate Change and principles of Paris Agreement would be critical for taking forward discussions towards successful outcomes.

For addressing tax challenges arising from the digitalisation of the economy, the G20 FMCBGs endorsed the final agreement as set out in the Statement on a two-pillar solution and the Detailed Implementation Plan released by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) on 8 th October, 2021.

The meeting concluded with the G20 FMCBGs reaffirming their commitment to advance the forward-looking agenda set in the G20 Action Plan to steer the global economy towards a strong, sustainable, balanced and inclusive growth.

 
 
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.