Fortune Favors the Bold: On Amazon’s Expedition to be Carbon Neutral

The recent decision of Jeff Bezos to achieve carbon neutrality by 2040 ahead of Paris climate agreement is bold and ambitious. The decision has come after Amazon's employees went on a strike demanding climate justice. The bigger question however is that when would other big corporates acknowledge the need to work in accordance with climatic change to ensure sustainability of Earth. The global emissions of carbon are still alarming. Coal and other conventional methods of energy relentlessly cater to the energy requirements of countries. Even after incessant admonishments from climate activist and environmentalists, environment friendly practices still haven't gained utmost priority.

Understanding the intricacies and the harm that lust of human has done to the nature raises a big concern over the regulation and unethical practices the big corporates are so obstinately involved in. Most of the times, the suggested practices are disregarded and ground reality of these MNCs isn't a fairy tale. Nevertheless, in the midst of deteriorating conditions, a big giant - Amazon is ready to set an example for other companies, tech Giants to not push the exploitation of resources beyond its limit. Pushing forward the use of renewable energy, reducing the need of additional packaging and various other initiatives is a step to make future more habitable if nothing else. Amazon also promises to report its total carbon footprints at year's end in public. If all other companies such as Apple Inc., Goldman Sachs, Frito lay come together for the welfare of world, it can be a better place. Jeff Bezos has showed that he can be a visionary and its high time for other entrepreneurs to respect the limitations of nature and work towards a sustainable globe.

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Stagflation: A Threat to India

India is entering into the stage of stagflation, just 2 years ago it was expanding at 8% and emerging as a major global player, the situation has come down to this. With higher prices of food, The new citizenship act, and the central bank's target, India is meeting its slowest development in a decade. The inflation in December 2019 increased to 7.35 percent which was the highest since July 2014, which is past the RBI limit of 6%. But what led to this situation? We have had demonetization in 2016, the implementation of GST followed by many other policies but what led to this? Let's look at some facts. The consumption of volatile oil makes up about 60% of gross domestic product which puts off all the investment plans. Economic growth in the fiscal year through March 31 is set to slow to an estimated 5%. Teresa John, an economist at Nirmal Bang Equities Pvt in Mumbai, quoted “The recovery is likely to be very gradual and a stagflation scenario is likely. ” The government has...

Changing Environment For Local Business In Sri Lanka; Government Initiates The Revolution

Local industries and businesses are the backbone of the economy of any country. Additionally, Sri Lankan Government defines a local company as one with a minimum ownership of 51% of a Sri Lankan. To help these companies grow, the Sri Lankan Finance Ministry has proclaimed a circular enlisting the priorities to the local companies. Moreover, this move from the government may bring some salient alterations in the condition of the local manufacturers. The government has also come with up steps that will augment the local industries across the different domains. These domains include IT sector, construction, etc. The circular, as issued by the government includes relevant documentation regarding sourcing of resources and products. Additionally, sources point towards the fact that the government is hoping to extend support to the domestic sector and help them grow. Besides, the major focus is on the three sectors- IT software and hardware, construction and furniture and allied products. Pos...

Significance of the “Developed Country” Tag for India

By Xeena Mehta The officials of the United States Trade Representative (USTR) uphold a list of countries that categorises countries as “developing”, “developed”, and “least-developed”. Countries that are classified as “developing” have permissions to export certain goods to the U.S. without being hit by heavy legal tariffs that are bind to be imposed on goods from “developed” countries. The “developing country” tag was originated by U.S. Trade Act of 1974, to aid poor countries develop faster. World Trade Organization also acceded to grant trade benefits to countries that were classified as poor. If noticed we can see that about two-thirds of countries that are members of the WTO classify themselves as “developing” countries and avail fore deals. Any such classification of whether a country is “developing” or not is entirely objective. While the economic progress achieved by India and China have achieved over the last few decades is seen as a valid reason to get rid of their s...

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