Page 53 - Brics News Today

NCLAT Chairperson Ashok Bhushan emphasized the need for effective cooperation among BRICS nations to strike a balance between sustainability and competition. He highlighted the importance of free and fair competition in the marketplace and the necessity for a robust mechanism to regulate digital markets.

UK house prices continued to fall in September, an industry survey showed on Thursday, as higher interest rates and mortgage costs weighed on demand.

The Competition Commission of India (CCI) is considering incorporating sustainability dimensions into the competition law framework. CCI Chairperson Ravneet Kaur mentioned that some countries, such as Japan, have already implemented green guidelines, and the CCI is exploring how to integrate sustainability into its own framework.

Finance Minister Nirmala Sitharaman met with Brazils Minister of Economy Fernando Haddad and UK Chancellor of Exchequer Jeremy Hunt to discuss various issues, including the strengthening of Multilateral Development Banks (MDBs). Brazil will take over the G20 presidency from India on December 1, and Sitharaman wished Brazil success and assured full support.

The United States and its allies have slapped a series of sanctions and restrictions on Russia to try to hamper Moscow’s ability to export grain and... 12.10.2023, Sputnik International

The role of educational institutions in the developing world is priceless for the pursuit of much-needed development and not academia for the sake of it.

George Soros' former business partner, Jim Rogers, says America's debt is dangerous, de-dollarization is inevitable, and many assets are overvalued.

The Competition Commission of India (CCI) will introduce regulations for a proposed leniency-plus regime, which will encourage companies under investigation for cartelisation to report other cartels and receive reduced penalties. The CCI will seek stakeholder comments on the regulations and finalize them.

BRICS has seen a more than four-fold increase in their annual FDI inflows from $84 billion in 2001 to $355 billion in 2021. Their share in global FDI inflows also doubled from 11% in 2001 to 22% in 2021. They account for 31.7% of global GDP in PPP, higher than G7s 30.31%. In other words, the growth potential of BRICS nations is a big deal.

The Competition Commission of India (CCI) is proposing a new "leniency-plus" regime that would allow companies under investigation for cartelisation to reduce penalties by disclosing information about other cartels. The regulator plans to seek stakeholder comments on the proposed regulations and finalize them for enforcement.