drishti current affairs magazine

  pratiyogita darpan hindi pratiyogita darpan hindi   Published this article page no     113 All the cybercrime related complaints will be accessed by the concerned law enforcement agencies in the states and UTs for taking action as per law.     Regional Cyber Crime Coordination Centres will be set up at the stateUT level and currently 15 States and UTs have given their consent to set it up. Cyber crime     Cybercrime is a broad term that is used to define criminal activity in which computers or computer networks are a tool a target or a place of criminal activity and include everything from electronic cracking to denial of service attacks. It also covers the traditional crimes in which computers or networks are used to enable the illicit activity.     Cyberlaw in India is not a separate legal framework. Its a combination of Contract Intellectual property Data protection and privacy laws.     The Information Technology Act 2000...

  pratiyogita darpan hindi pratiyogita darpan hindi   Published this article page no  112 INDIAN CYBER CRIME COORDINATION CENTRE Why in news? Recently Union Ministry of Home affairs inaugurated Indian Cyber Crime Coordination Centre (I4C) and launched National Cyber Crime Reporting Portal. About I4C  The scheme to set up Indian Cyber Crime Coordination Centre (I4C) was approved in October 2018 for two years (20182020) to deal with all types of cybercrimes in a comprehensive and coordinated manner.  It is in line with the National Cyber Security Policy 2013 which aims at facilitating the creation of secure computing environment and enabling adequate trust and confidence in electronic transactions and also guiding stakeholders actions for the protection of cyberspace.  This centre is located in New Delhi.   National Cybercrime Reporting Portal (NCRP) is one of the components of the scheme o Other components are National Cybercrime Threat Analytics U...

competition wizard magazine competition wizard magazine   published this article page no      78   global minimum tax is part of the inclusive framework on base erosion and profit shifting (beps) agreed upon by g20 countries and oecd.global minimum tax will apply to mncs with revenue above €750 million and it aims for developing a taxation structure that is relevant for a digital and globalised world. oecd and global minimum taxunder the oecdg20 inclusive framework on base erosion and profit shifting (beps) 139 countries and jurisdictions are collaborating to put an end to tax avoidance strategies arising from digitalisation and globalisation of the economy. o beps refers to tax planning strategies used by mncs that exploit gaps and mismatches in tax rules to artificially shift profits to low or notax locations where there is little or no economic activity resulting in little or no overall corporate tax being paid.  recently over 130 countries including ind...

competition wizard magazine competition wizard magazine   published this article page no      79   consensus on tax rate world inequality report has suggested that 15% rate is lower than what workingimplication on indiaexperts believe the tax would be advantageous for india as the effective domestic tax rate is above the threshold and india being a large potential market would continue to attract foreign investments.the tax deal will mean removal of existing digital service taxes and other unilateral measures by 2023. india will need to withdraw the equalization levy that was introduced in 2016. o india will get additional taxing rights which are beneficial but the exact quantum will need to be compared to domestic equalisation levy.large indian headquartered mnes may also need to comply with pillar one rules and india will need to share its taxing right with other countries.it is also likely to negate any treaty benefit to achieve minimum taxation.india could e...

competition wizard magazine competition wizard magazine   published this article page no      80   favoring rich nations as per oxfam report g7 and eu will take home twothirds of new cash that gmt will bring in while the worlds poorest countries will recover less than 3% despite being home to more than a third of the worlds population.ban on unilateral taxes many developing countries have expressed concerns about the implementation of these new taxing rules being conditioned upon them removing all unilateral taxes on technology companies. o many countries earn significant revenue by levying tax on digital services. conclusion a global minimum tax is a laudable attempt to make international tax arrangements fairer and work better in a digitalised and globalised world economy. however there are major obstacles that may impede the overall implementation of the agreement. there is a need to support this effort to build a consensus as countries rich and poor need mor...