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Indian

Government has no plan at present to block any social media platform: MoS IT

Minister of State for Electronics and IT Rajeev Chandrasekhar said the government receives various grievances from users about hate content on social media platforms and responds to them in an appropriate way.

The government regularly interacts with social media intermediaries on various issues, including issuing advisories to make these intermediaries safe and accountable to users,. he said.

Amazon-Future-Reliance case: SC holds Emergency Award enforceable in India

Amazon has a 49 percent stake in FCPL, which in turn owns a 9.82 percent stake in FRL. Amazon’s contention is that it has invested Rs.1431 crore in FCPL on the clear understanding that FRL would be the sole vehicle for its retail business and its retail assets would not be alienated without consent and never to a ‘Restricted Person’. FRL, on the other hand, has objected to the enforcement of the EA award saying that it is not an order under Section 17(1) of the Arbitration and Conciliation Act and hence not enforceable in India.

Cars fueled by ethanol can add to India’s food inflation

Prime Minister Narendra Modi advanced in June a target for blending 20% ethanol in gasoline to 2025, five years earlier than planned. The advantages are multifold: it will reduce air pollution, cut India’s oil import bills, help soak up a domestic sugar glut and increase investment in rural areas.

International

Global shares reach record highs on trade optimism, festive cheer

The rally in global shares contrasts with a plunge late last year, when the Sino-US trade war had sapped investor confidence. The worries scuttled capital expenditure plans over much of 2019, but strong employment and signs of an improving global economy suggest that will change next year.

City of London’s unity begins cracking over Brexit trade deal: Opinion

Under Johnson’s current agreement with Brussels, British financiers will in 2021 lose their so-called EU “passporting” rights (which allow them to work anywhere in the bloc). The U.K. and the EU have agreed instead on the principle of “equivalence,” which will give the City access to the EU for many financial services as long as Britain adheres to Brussels rules.

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