We believe that the most important lesson our generation has learnt is that basic is good; enough for fashion labels to have a sub-category of basic apparel and Instagram to source gifs and stickers that say "basic". This (should) transcend to food as well, because at the end of the day, nothing beats sasta and tikau. And so, Kalina's Chindian eatery, King Chilli, has risen above the glitzy culinary offerings of BKC that are high on the glam quotient but not easy on the pocket.

We have been ordering in from what is easily one of the neighbourhood's favourite haunts for months. But a week ago, we learnt that it has launched in a new avatar with a larger dining area not far from the space it started in five years ago. So, on a Sunday night, we finally step out to pay the place a visit.

At the corner of St Mary's Chowk, a brand new shade covers the space. Potted plants line the shack-like eatery and a tawdry magenta curtain, which we identify — having spotted hawkers selling it for '150 at the roadside Monday market — serves as the door. Inside, chairs and tables that evoke the memory of Nilkamal furniture makes for the seating space, along with three booths with slightly plusher sofas that offer some privacy but are rickety all the same.

We join a queue that comprises Catholic aunties in their Sunday frocks and roadside Romeos in their Gully-Boy-inspired garb waiting outside the restaurant. The crowd is substantial, but fast moving, so we get a table in five minutes.

Tom yum

Our partner, who is whining about a sore throat, calls for a tom yum soup (Rs 139) while we order the crackling spinach chicken (Rs 285) and kung pao potato (Rs 174) to begin with, and a chicken in chilly oyster sauce (Rs 295), veg pad Thai noodles (Rs 190) and chicken North East pot rice (Rs 249) for the mains.

Kung pao potato

We find how nothing about the tom yum soup being Thai cute: adrak replaces galangal, nimbu takes the place of kaffir lime and its identifiable piquant broth-y flavour has transformed into a chatpata and fiery soup with a strong kick of spice. The addition of finely chopped dhaniya is equally endearing. Tom yum or not, it works. The chicken appetiser is enjoyable in that the meat itself is juicy and hot. The crackling spinach that it comes with is nice, too, but perhaps could have been elevated with a stronger dose of garlic. We relish the kung pao potatoes and find the use of wedges quite cool: it adds a certain girth to the dish. The lightly toasted whole cashews lend a mild sweetness, marrying the dish with its inherent tanginess.

Chicken in oyster chilli sauce 

The pot rice has a smoky hotness that is likely to have come from the overuse of chilli powder. This dish leaves two out of the four people at the table gasping for breath. We are still undecided about the preparation and could only safely say that we did not hate it. The pad thai noodles are a slight let-down having been overcooked this time. However, the chicken in oyster chilly sauce, a staple for us from the eatery, helps liven up the noodles.

We eat quickly despite the shortcomings of the mains and that's where King Chilli actually passes the test. It's the kind of eatery that may have a few botch-ups, but will remain the go-to place (as is evident from the queue even as we leave the restaurant an hour and a half later) for Kalina's humble diners, including us. What we mean is, where else could we have afforded an end-of-the-month double date for a total cost of Rs 1,522 and take home doggy bags? Only a sasta and tikau place, right?

TIME 11.30 am to 3.30 pm; 7 pm to 11.30 pm
AT King Chilli, near St Mary's Chowk, Kalina, Santacruz East.
CALL 9833487217

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King Chilli didn't know we were there. The Guide reviews anonymously and pays for meals

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019.

The International Rice Research Institute (IRRI) South Asia Office in India, convened a multi-sectoral panel discussion on - “Creating Sustainable Value Chains for Transforming Food Systems” on 4 Feb 2020, at the National Agricultural Science Complex in Delhi.

As the competition in the mid-range smartphone segment gets fierce in India, Chinese players are offering too many specifications in their devices. Coolpad has been among the top Chinese players when it comes to launching such feature-packed devices.

Slovenia has built up a sound development programme over the last 12 years, particularly in the Western Balkans, and should now work on tightening its focus in other regions in order to get the most impact from its aid contributions.

Despite major progress, Turkey still lags behind most comparable countries in terms of exported value added per capita. Its remarkable economic performance over the past 15 years has not been sufficiently backed by gains in export market shares, in particular when measured in value added terms.

Secretary-General Angel Gurría provided closing remarks at the first meeting of the OECD Global Forum on Value Added Tax (VAT) held in Paris. The meeting focused on designing efficient and equitable VAT systems and analyzing their impacts on international trade.

Action 10 of the Action Plan on Base Erosion and Profit Shifting directs the OECD to develop transfer pricing rules to provide protection against common types of base eroding payments. A discussion draft of proposed modifications to Chapter VII of the Transfer Pricing Guidelines relating to low value-adding intra-group services was released for comment by interested parties today

Public comments are invited on the discussion draft on the use of profit splits in the context of global value chains, released as part of the work in relation to Action 10 of the BEPS Action Plan.

On 3 November 2014, the OECD invited comments from interested parties on the discussion draft of proposed modifications to Chapter VII of the Transfer Pricing Guidelines covering low value-adding intra-group services relating to Action 10 of the BEPS Action plan.

On 16 December 2014, the OECD invited comments from interested parties on a discussion draft on the use of profit splits in the context of global value chains. This work relates to Action 10 of the BEPS Action Plan. The OECD is grateful to the commentators for their input, and now publishes the comments received.

Public comments are invited on a discussion draft which deals with work in relation to Action 8 of the Action Plan on Base Erosion and Profit Shifting

On 4 June 2015, interested parties were invited to comment on a discussion draft on Action 8 (Hard-to-value intangibles) of the BEPS Action Plan.

Public comments are invited on a discussion draft which provides guidance on the implementation of the approach to pricing transfers of hard-to-value intangibles described in Chapter VI of the Transfer Pricing Guidelines.

On 23 May 2017, interested parties were invited to provide comments on a discussion draft that provides guidance on the implementation of the approach to pricing transfers of hard-to-value intangibles described in Chapter VI of the Transfer Pricing Guidelines.

This guidance will support the consistent implementation of internationally agreed standards for the VAT treatment of cross-border trade and is of particular relevance given the rapid and ongoing digitalisation of the economy.

Today, the OECD released two reports containing Guidance for Tax Administrations on the Application of the Approach to Hard-to-Value Intangibles under BEPS Action 8; and Revised Guidance on the Application of the Transactional Profit Split Method under BEPS Action 10.

Belgium recorded a government budget deficit of 3402 EUR Million in 2018. Government Budget Value in Belgium averaged -7757.33 EUR Million from 1970 until 2018, reaching an all time high of 779 EUR Million in 2006 and a record low of -18817 EUR Million in 2009. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Belgium Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Germany recorded a government budget surplus of 7.09 EUR Billion in the third quarter of 2019. Government Budget Value in Germany averaged -10.49 EUR Billion from 1991 until 2019, reaching an all time high of 40.63 EUR Billion in the third quarter of 2000 and a record low of -58.90 EUR Billion in the fourth quarter of 1992. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Germany Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Iraq recorded a government budget deficit of 853060 IQD Million in October of 2019. Government Budget Value in Iraq averaged 9635610.35 IQD Million from 2004 until 2019, reaching an all time high of 61244368 IQD Million in August of 2015 and a record low of -13581445 IQD Million in September of 2012. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Iraq Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gambia recorded a government budget deficit of 1415.66 Dalasi Million in the third quarter of 2019. Government Budget Value in Gambia averaged -831.01 Dalasi Million from 2008 until 2019, reaching an all time high of 95.19 Dalasi Million in the first quarter of 2011 and a record low of -2929.01 Dalasi Million in the third quarter of 2017. This page provides - Gambia Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan recorded a government budget deficit of 27633 JPY HND Million in the fourth quarter of 2019. Government Budget Value in Japan averaged -33660.14 JPY HND Million from 1964 until 2019, reaching an all time high of 91505 JPY HND Million in the first quarter of 2008 and a record low of -347513 JPY HND Million in the fourth quarter of 1998. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Japan Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico recorded a government budget deficit of 30159.60 MXN Million in February of 2020. Government Budget Value in Mexico averaged -13518.94 MXN Million from 1990 until 2020, reaching an all time high of 340612.40 MXN Million in March of 2017 and a record low of -308191.94 MXN Million in December of 2017. In Mexico, the public budget includes, not only government expenses and revenues, but also financial balance of entities under indirect budgetary control, and external and internal financing requirement. This page provides - Mexico Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore recorded a government budget surplus of 3262.40 SGD Million in February of 2020. Government Budget Value in Singapore averaged 1066.06 SGD Million from 2011 until 2020, reaching an all time high of 17603.90 SGD Million in May of 2019 and a record low of -9045.20 SGD Million in March of 2019. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Singapore Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia recorded a government budget surplus of 12.41 RUB Billion in March of 2020. Government Budget Value in Russia averaged 421.35 RUB Billion from 1998 until 2020, reaching an all time high of 3834.60 RUB Billion in October of 2008 and a record low of -2967.30 RUB Billion in December of 2016. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Russia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Switzerland recorded a government budget surplus of 8097 CHF Million in 2019. Government Budget Value in Switzerland averaged -400.15 CHF Million from 1980 until 2019, reaching an all time high of 11811 CHF Million in 2000 and a record low of -18357 CHF Million in 1993. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Switzerland Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy recorded a government budget deficit of 4.51 EUR Billion in February of 2020. Government Budget Value in Italy averaged -4.39 EUR Billion from 1980 until 2020, reaching an all time high of 27.41 EUR Billion in December of 2018 and a record low of -43.39 EUR Billion in October of 2009. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - Italy Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Canada recorded a government budget surplus of 3577 CAD Million in February of 2020. Government Budget Value in Canada averaged -991.48 CAD Million from 1985 until 2020, reaching an all time high of 5770 CAD Million in February of 2005 and a record low of -14900 CAD Million in March of 2019. The government budget balance is the difference between government revenues and expenses, excluding public debt charges. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Canada Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Burundi recorded a government budget surplus of 10087.77 BIF Million in December of 2019. Government Budget Value in Burundi averaged -12023.23 BIF Million from 2005 until 2019, reaching an all time high of 78737.21 BIF Million in December of 2010 and a record low of -72443.34 BIF Million in February of 2015. This page provides - Burundi Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey recorded a government budget deficit of 41951225 TRY Thousand in March of 2020. Government Budget Value in Turkey averaged -3939005.32 TRY Thousand from 1985 until 2020, reaching an all time high of 20773054 TRY Thousand in January of 2020 and a record low of -41951225 TRY Thousand in March of 2020. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. Until 2005, data are cumulative. This page provides - Turkey Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia recorded a government budget deficit of 9814 AUD Million in March of 2020. Government Budget Value in Australia averaged -604.10 AUD Million from 1973 until 2020, reaching an all time high of 14307 AUD Million in April of 2007 and a record low of -23705 AUD Million in June of 2012. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Australia Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China recorded a government budget deficit of 417.70 CNY Billion in March of 2020. Government Budget Value in China averaged -192.52 CNY Billion from 1990 until 2020, reaching an all time high of 5885.80 CNY Billion in January of 2012 and a record low of -15554.19 CNY Billion in December of 2013. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - China Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

South Africa recorded a government budget deficit of 2581 ZAR Million in March of 2020. Government Budget Value in South Africa averaged -3119.13 ZAR Million from 1960 until 2020, reaching an all time high of 37586 ZAR Million in June of 2019 and a record low of -107881 ZAR Million in July of 2019. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - South Africa Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

France recorded a government budget deficit of 52.50 EUR Billion in March of 2020. Government Budget Value in France averaged -49.87 EUR Billion from 1994 until 2020, reaching an all time high of -4.21 EUR Billion in January of 2000 and a record low of -148.80 EUR Billion in December of 2010. The government budget balance is the difference between government revenues and expenses, including the treasure special component. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides the latest reported value for - France Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This meeting aimed to identify practical policy options for Latin American governments in the formulation of their investment promotion strategies with a specific focus on international value chains.

Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).

The workshop will discuss the first results of the OECD Secretariat’s work on integrating FDI statistics into the analysis of Global Value Chains (OECD-WTO Trade in Value Added Initiative) to better account for foreign ownership.

This OECD report lays an empirical foundation for structuring economic policies to facilitate Chile’s participation in global value chains and to maximise the associated benefits for national firms and workers.

Evidence on the role played by investment in global value chains (GVCs) can assist policy work on GVCs, trade, investment and development. Drawing on new and improved measures of trade and investment, these country notes provide relevant statistical information from OECD databases on trade, investment, the activities of multinational enterprises and global value chains.

Portugal recorded a government budget deficit of 667 EUR Million in February of 2020. Government Budget Value in Portugal averaged -3529.54 EUR Million from 1990 until 2020, reaching an all time high of 271 EUR Million in January of 2000 and a record low of -14745 EUR Million in December of 2010. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Portugal Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Angola recorded a government budget deficit of 1139.90 AOA Billion in 2017. Government Budget Value in Angola averaged -13.59 AOA Billion from 2003 until 2017, reaching an all time high of 1000.90 AOA Billion in 2011 and a record low of -1139.90 AOA Billion in 2017. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Angola Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ireland continues to make substantive headway in improving health outcomes, but more can be done in reducing risk-factors for major diseases and improving value-for-money in health spending, according to a new OECD report.

Global Value Chains (GVCs) are a dominant feature of the world economy that impact growth, jobs and development, but numerous challenges remain to ensure that all countries and all firms have the opportunity to participate and benefit.