The Centre spent Rs 66 crore on legal proceedings in 2023-24, totaling over Rs 400 crore since 2014. Litigation costs have generally increased each year, except during peak Covid-19 years. A national policy aimed at expediting case resolutions is under development and awaits Union Cabinet approval. The administration has revised the policy multiple times over the years.
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Apple, Microsoft, Tesla, Nvidia, Google parent Alphabet, Amazon, and Meta suffered significant losses in market value, totaling over $750 billion on Monday, driven by concerns around new tariffs impacting tech companies. Apple alone shed $174 billion, and Tesla saw a 15% drop in stock value, its worst since 2020. The technology sector faces escalating trade tensions and economic uncertainty.
China is experiencing deflation, with consumer prices dropping by 0.7% and producer prices decreasing by 2.2%. The surplus industrial capacity and reduced consumer spending are contributing to this downturn. Analysts worry that without government intervention, deflationary pressures might persist, impacting business earnings and economic growth.
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