JPMorgan invested ₹85 cr. in an Amrapali Group company’s shares & later sold them for ₹ 140 cr. to an office boy?

The court on Tuesday ordered the federal anti-money laundering agency to investigate Amrapali, based in Noida, near New Delhi, for diverting funds overseas with the help of JPMorgan and others. The violations, based on a forensic audit, range from disregarding foreign investment norms, paying dividend without generating profits, setting up fake companies and overvaluing shares.

SELECT“JPMorgan invested ₹85 cr. in an Amrapali Group company’s shares & later sold them for ₹ 140 cr. to an office boy?”

Defining the nature of new world order

The neoliberal experiment has been a spectacular failure. Growth is lower than it was in the quarter-century after World War II, and most of it has accrued to the very top of the income scale. After decades of stagnant or even falling incomes for those below them, neoliberalism must be pronounced dead and buried. Vying to succeed it are at least three major political alternatives: far-right nationalism, center-left reform-ism, and the progressive left (with the center-right representing the neoliberal failure).

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Does the US (and its citizens) truly believe in fight against terror and can it act as a global leader?

Recently US Commerce Secretary Wilbur Ross, old reporters that “Oil is owned by private people, so the government cannot force people to make concessionary price,”. The statement raises some questions with respect the actions taken by the US, its stated intentions for the same and the disconnect. Moreover, its inability to execute strategies covertly.

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World’s Top 3 PET bottled water manufacturers join hands for this..

Under the terms of the four-year agreement, the Consortium partners’ ambition is to bring Carbios’ PET-enhanced recycling technology to the market and increase the availability of high-quality recycled plastics to fulfill their sustainability commitments. The collaboration includes technical milestones and support for the efficient supply of consumer-grade, 100% recycled PET plastics for global markets.

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Global Social Evolution: Who decides whether a loop hole is being exploited ?

The recent statement from both Russia & Ukraine that they won’t appeal a landmark trade decision in which the WTO upheld Moscow’s right to claim a key exemption to international trade rules that allows governments to take “any action which it considers necessary for the protection of its essential security interests.”

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Global MNCs also trapped in India’s Infrastructure Leasing & Financial Services bond squeeze

What should be worrying for these MNCs and their employees is that they fall in the category of unsecured creditors and their money is not at all safe due to the level of toxicity. Bata India employees statutory PF, Glaxo India, Otis Elevator, Sumitomo Indian Staff PF, McCann Erickson India EPF, Lufthansa German Airlines employees local PF, Philips Electronics India, BASF, Novartis, Pernod Ricard, Bechtel India, JP Morgan, Nestle, shockingly Canadian High Commission India Staff, British Airways pls staff, Texas Instruments India, Volvo India, Cisco Systems India, Sanofi India, Sapient Consulting, BBC Worldwide India, McKinsey Knowledge Centre and Shell India. American Embassy School PF, Barclays Bank Plc India, American Express India, Societe Generale EPF, British Airways has many entries ranging from Staff Pension Fund to Cabin Crew Pension Fund, ditto for Philips, Alcatel Lucent, Mercedes Benz R&D India, Procter & Gamble Executive Pension Plan, Adobe Systems, HP Globalsoft, Schlumberger, CapGemini, Cadbury India, Goodricke Group, Gillette, et al. This list compiled by MCA is as recent as December 31, 2018.

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For China, The goal is to rapidly transition out of low-tech manufacturing.

China is not innovative at all, but instead is a master at making millions of infinitesimal improvements on intellectual property. One-fifth of housing in China is empty due to failed development projects and that money was poured into production in sectors without adequate demand. Chinese solar industry which ballooned with state funding, flooded the global market with cheap products, killed off competitors, and then largely collapsed when China cut subsidies.

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A muted effort towards a new global order, Thirty years ago, Shekou was like Djibouti

most of Djibouti’s economy relies on Chinese credit. And the Chinese might not have shown as much interest if it hadn’t been for Djibouti’s geostrategic location: About a third of all the world’s shipping steams past this barren land on the northeast edge of Africa en route to and from the Suez Canal, the Red Sea, and the Indian Ocean.

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OECD is trying to forge new global agreement on taxing technology and digital giants which often declare their income in low-tax jurisdictions, depriving other countries of billions in revenue

That overhaul is expected next year at the earliest, assuming a consensus can be reached among the 127 countries taking part in the talks. Last week, France unveiled draft legislation that would set a 3.0-percent levy on digital advertising, the sale of personal data and other revenue for tech groups with more than 750 million euros (USD 844 million) in worldwide revenue.

SELECT“OECD is trying to forge new global agreement on taxing technology and digital giants which often declare their income in low-tax jurisdictions, depriving other countries of billions in revenue”