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Why in the news ? Mark Carney’s swearing-in as Canada’s 24th Prime Minister marks a major political shift. His strong stance on national sovereignty, rejection of U.S. influence, and focus on economic resilience highlight his leadership approach amid trade tensions and geopolitical challenges. Highlights of the Transition of Leadership: Mark Carney, former central banker and …
Read MoreWhy in the news? Switzerland suspended the MFN clause in its DTAA with India, citing lack of reciprocity. Effective January 2025, this move could lead to higher taxes on dividends, impacting investments and businesses between the two countries. Suspension of MFN Clause in Tax Agreement: Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double …
Read MoreWhy in the news? The Model Code of Conduct (MCC) affects economic decisions during elections, with the recent 2024 elections marking the longest enforcement period in recent history. About the Impact of the Model Code of Conduct (MCC): Definition and Purpose: The MCC is enforced from election announcement to results, restricting governments from making policy …
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