Economic Cooperation And Development

  • Australia named 'happiest' developed nation again May 28, 2013

    London: Australia has been ranked as the world's happiest nation among developed economies for third year in a row, with a whopping 84 per cent of the country's population saying they are satisfied with their lives. The overall strength of its economy won Australia the top position in the Better...
  • Economic growth in India slowing down: OECD March 12, 2013

    Paris: The economic outlook in major industrialised economies is improving with the United States and Japan leading the way, the OECD said on Monday, adding that activity in the euro zone was also picking up. The figures come after news last week that the US jobless rate had fallen to a...
  • Russia leads world in illegal migration June 29, 2012

    Moscow: Russia has the world's largest number of illegal migrants, accounting for almost seven per cent of the country's working population, according to a report by the Parisbased Organization for Economic Cooperation and Development(OECD). The 2012 International Migration Outlook said 960,000 temporary labourer migrants came to Russia in 2010, more than...
  • Black money: India signs multilateral agreement January 26, 2012

    New Delhi: Taking another step towards combating black money, India has signed a multilateral agreement with economic powers like France and Germany to check both tax evasion and avoidance. The agreement, convention on mutual administrative assistance in tax matters, is a multilateral agreement of 31 other nations which "promotes international cooperation...
  • Share past banking info: India to tax havens June 13, 2011

    New Delhi: The world community should pressurise tax heavens to share past banking information, as information shared from a prospective date won't serve the desired purpose, Finance Minister Pranab Mukherjee said on Monday. "While the countries have accepted to end bank secrecy in general, some countries have agreed to do so...
  • Sleeping and eating, the French do it best May 4, 2009

    Paris: True to their reputation as leisureloving gourmets, the French spend more time sleeping and eating than anyone else among the world's wealthy nations, according to a study published on Monday. The average French person sleeps almost nine hours every night, more than an hour longer than the average Japanese...