- India is adequately prepared to handle taper tantrum this time, provides economic survey
Developing countries in the world
- China has claimed”developing country” status for itself in the World Trade Organization (WTO).
- Reserve Bank of India has agreed to a $400 million currency swap for Sri Lanka until November 2022
Global Minimum Corporate Tax
- The Organization of Economic Corporation and Development (OECD) has announced that a global deal to ensure big companies pay a Global Minimum Tax (GMT) rate of 15% has been agreed by 136 countries (including India).