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[ad_1] NEW DELHI: Prime Minister Narendra Modi has said that India's economic growth is a “natural by-product” of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with "corruption, casteism and communalism" having no place in our national life. In an exclusive interview with PTI late last week, the prime minister also stressed on the need for timely and clear communication of policy stance by central banks, and policy actions by each country in their fight against inflation so that it can prevent negative repercussions on others countries. While most advanced economies are facing an economic slowdown, chronic shortages, high inflation, and ageing populations, the Indian economy is acknowledged to be the fastest-growing large economy with the largest youth population. "For a long time in world history, India was one of the top economies of the world. Later, due to the impact of colonisat...

[ad_1] MUMBAI: Manal Corwin has been appointed to serve as the next Director of the OECD Centre for Tax Policy and Administration beginning April 3, 2023. Corwin will lead the work of the Centre across all areas, including the two-pillar solution to the tax challenges of digitalisation, the Base Erosion and Profit-Shifting (BEPS) Project, the tax transparency agenda, and the Centre’s participation in the OECD’s new Inclusive Forum on carbon mitigation approaches. Currently, she serves as Partner-in-charge of the National Tax Office and Lead Director of the Board of Directors for KPMG in the United States. In the past, she has served twice in the Office of Tax Policy in the US Department of Treasury including serving as Deputy Assistant Secretary for International Tax Affairs, during which time she played a key role in launching the BEPS initiative, drove development of the international standard for automatic exchange of financial account information, and served as head of th...