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Climate Finance

adminNovember 27, 2024 159 Views0

Climate Finance Developed nations’ neglect India expresses dissatisfaction with developed countries’ unwillingness toengage in the Climate Finance and Mitigation Work Programme at COP29 inBaku. India expressed dissatisfaction over the insistence of developed countries toexpand the scope of MWP from what was agreed in the past. India aligned itsstance with the views expressed by the Like-Minded Developing Countries(LMDCs), the Arab Group and the African Group of Negotiators (AGN). India stated: “We have seen no progress in matters that are critical for developingcountries. Our part of the world is facing some of the worst impacts of climatechange, with far lower capacity to recover from those impacts or to adapt to thechanges to the climatic system for which we are not responsib...

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Around The WorldCorporate NewsUdaykumar K.V.

Misinformed US prosecutors: Conspiracy to stain the Adanis’ image

adminNovember 27, 2024 161 Views0

The US prosecutors seem to have gone wrong in their calculation of the alleged bribe amount. The prosecutors said the Adanis agreed to pay $250 million for an energy business that would generate a profit of $2 billion in 20 years. The alleged bribe amount constitutes 12 per cent of the estimated 20-year profit. The upfront bribe amount itself would be more than the value of the aggregate 20-year profit if 20-year interest is added to the bribe amount. Such a babyish allegation is only to torture a promising Indian business group, which is rapidly expanding its global footprint.     How does the Adanis become a pain in the neck of many political and business lobbies in India and abroad? Adani is a successful Indian business model with a track record of setting higher than a global stand...

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Around The WorldFinancePersonality

CHANCELLOR’S CHALLENGE

Ecostar Editor MagJuly 6, 2021 1888 Views0

In the pandemic days, the British government provided businesses with over £100 billion of support to get through a crisis. Rishi became British Chancellor of Exchequer (British Finance Minister) in February 2020. Weeks later, the United Kingdom declared a lockdown that forced the British government to announce the Coronavirus Job Retention Scheme,known as the furlough scheme. The scheme provided grants to employers to pay 80 per cent of their staff wage and employment costs, up to £2,500 per employee a month, until September 2021 after several rounds of extension. To compensate for the outgo from the exchequer, the British Finance Minister announced a hike in corporation tax from 19 per cent to 25 percent from 2023. This is the first time the British government has decided to raise...

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Around The WorldEnvironment

Climate Crisis of the world

Ecostar Editor MagJuly 6, 2021 1247 Views0

Much has changed in recent years. No one has noted many of the changes, because the change was insignificant but consistent. Too many moles make a mountain. Himalaya melted more significantly in the last four decades filling the rivers and flooding their basins. Over 1.2 billion people on earth depend on the water resources of melting Himalayan ice. Faster melting depletes the resources equally faster and consistent reduction in mountain size, significantly influencing the monsoons in the east, west and southern hemisphere. Thus, the rain-fed regions are put to face a potential danger of dwindling rains and erratic weather conditions. The Himalayas will continue to face the impact of climate change and man-made environmental offences. As the world knows, China is making the planet an unli...

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Around The World

Better than feared Christmas celebration

Ecostar Editor MagFebruary 15, 2021 1532 Views0

Europe and America are still cold. The virus hasn't shown any sign of retreat. In fact, a second wave is passing through. the two continents. In Beijing. Associated Press reported, official churches abruptly cancelled Mass on Christmas Day. China’s Capital was put on high alert after confirmation of two COVID-19 cases last week, and two new asymptomatic cases were reported Friday. One of several notices was posted at Beijing's St Joseph's Church , which was built by Jesuit missionaries in the 17th century. According to the foreign reports. in Paris, members of Notre Dame Cathedral's choir, wearing hard hats and protective suits — not against COVID-19 but for construction conditions in the medieval landmark ravaged by fire in 2019 — sang inside the church for the first time since ...

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