What is BEPS? Typically, a company needs to pay tax for the income or profits they earn. Base Erosion and Profit Shifting (BEPS) is a tax avoidance strategy by which firms make profits in one country, and shift them across …
What’s in the news? The U.S. State Department has released its annual Trafficking in Persons report. Highlights of the Report The pandemic resulted in an increase in vulnerability to human trafficking and interrupted existing anti-traffic efforts. On India, the report …
Why in News? The Odisha Institute of Maritime and South East Asian Studies (OIMSEAS), an archaeological wing of the State government, has discovered a 4,000-year-old settlement and ancient artifacts in Balasore district of Odisha. After uncovering traces of fortified early …
What’s in the news? India has recorded the highest ever merchandise export of 95 billion dollars in the first quarter of April to June this year despite the severity of the second wave of COVID-19 pandemic. Also, the country has …