Indian
Adequate, affordable finance remains constraint in India’s climate actions: Eco Survey
As part of dedicated efforts to preserve ecosystems, India now has...
India’s nominal GDP to be USD 3.5 trillion by end-March: Eco Survey
V. Anantha Nageswaran,Chief Economic Adviser Further support to...
Govt’s share in health expenditure increased from 28.6 pc in FY-14 to 40.6 pc FY-19: Eco survey
The NHA's estimates for FY-19 show that there has been an increase...
CR Vijayan takes over as acting secretary general of GI Council
C R Vijayan,acting secretary general, General Insurance Council,...
International
Ransomware payment may be allowed tax deductible in US
The IRS, the US body for tax administration, offers no formal guidance on ransomware payments, but multiple tax experts interviewed by The Associated Press said deductions are usually allowed under law and established guidance. It’s a “silver lining” to ransomware victims, as some tax lawyers and accountants put it.
Ransomware has become a multibillion-dollar business, and the average payment was more than $310,000 last year, up 171% from 2019, according to Palo Alto Networks.
Gulf states will take at least 10 years to end oil dependence: Moody’s
Oil and gas accounts for over 20% of gross domestic product and at least 50% of state revenues for most Gulf countries.”If oil prices average $55/barrel … we expect hydrocarbon production to remain the single largest contributor to GCC sovereigns’ GDP, the main source of government revenue and, therefore, the key driver of fiscal strength over at least the next decade,” it said.
Putin says Covid trend is getting worse, Kremlin pushes the idea of revaccination
Pandemic ‘rolled back’ sustainable development funding for weak economies: UNCTAD
UN: According to UNCTAD’s World Investment Report...
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