FinanceInternationalTRENDING

Brazil’s Just Energy Transition Law: A Global Threat To The Climate.

Brazil Just Energy Transition Law has been released recently. This law will allow Brazil to use and subsidize coal as an energy source until 2040. Experts claim that this is against the climate and consumers as it's moving away from promoting climate-friendly fuel usage. This law will benefit the coal producers in Southern Santa Catarina state. Under previous policies, Brazilian subsidies for thermal coal-powered plants are available till 2027. Whereas the three large plants in Santa Catarina are expected to end by 2025. Richard Baitelo, project coordinator at the Institute Of Energy and Environment says "this is bad news for consumers and the environment". Coal produces about 3% of all power in Brazil. Whereas almost 50% of electricity comes from renewable sources like wind and hydro en...

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ArticleElectionsFinance

After Elections, These States To Focus On Repayment Of Loans, Know What RBI Report Says

After the assembly elections in February-March, 2022, whichever party's government is formed in Uttar Pradesh, Punjab, Uttarakhand, and Goa, it is certain that these governments will have to make a lot of effort to bring the economy of their state back on track. During the last four-five years, studies and indicators related to the budget documents of these states show that along with stopping the increasing debt liabilities, the coming governments will have to increase the revenue sources and bring about a huge improvement in the quality of investment. Attention will be given to education and health. Not only this, special attention will have to be paid to the expenditure in the areas of social development like education and health in the total expenditure, only then the social...

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ArticleBusinessFinanceIndiaLatest News

Amazon-Future Coupons Deal: NCLAT Issues Notice To Future group, CCI; Demands Response In 10 Days

An important hearing took place on Thursday in the Amazon-Future case. The National Company Law Appellate Tribunal (NCLAT) issued notices to the Competition Commission of India (CCI) and Future Coupons Private Limited (FCPL) to file their reply within 10 days. The notice was issued in light of a hearing a plea filed by e-commerce giant Amazon, challenging the recent order of CCI that suspended its deal with FCPL. The fair trade regulator suspended the approval given to the more than two year old deal with Future Group's company FCPL. The bench comprising Justices V P Singh and M Venugopal asked CCI and FCPL to respond within the next ten days and asked Amazon to file a rejoinder over it. The bench will now hear the matter on February 2. The decision to put a stay on Rs 20...

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ArticleFinanceIndiaNews

Tamil Nadu To Achieve $1 Trillion Economy By 2030, Check Out How!

Tamil Nadu is on its way to touching the target of becoming a $1 trillion economy by 2030, the finance minister of the state, Palanivel Thiagarajan, said on January 13. He also said the state will also log in $100 billion exports by the same year. “Not only can we achieve the $1 trillion target very reasonably, we also have unlimited potential if we get some basic things right. We require nominal growth of 13 per cent for the next ten years to achieve this. If you take out the inflation of 5-6 per cent, 7-8 per cent real growth is easily achievable,” Thiagarajan said during a summit. The state has announced two policies -- Tamil Nadu Export Promotion Strategy and Tamil Nadu Fin-Tech Policy. It is being hoped that these new-fangled policies would play a vital role in achieving the vi...

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BusinessFinance

Has Future Groups And Amazon’s Fight Revolutionized The Retail Sector Market?

Recently, when SC upheld the enforcement orders of by Singapore international arbitration center. On Amazon’s appeal over plenty of Future Groups and Reliance Groups in the retail sector, the Court of Singapore upheld the deal further. And now the Supreme Court of India has made it very clear in the verdict that the deal is justified and valid under the laws and jurisdiction of Indian laws. Future Group and Reliance dealIn August 2021, Reliance acquired the Future Group in the retail sector for around Rs. 24713 crores. This was of course was of the major deals in the retail sector thereby establishing Reliance on companies' presences eve in the retail sector also. The major effect would have been on Amazon and there would have been major completion and a tough competitive environment f...

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