Latest news with #G2G
Time of India
6 days ago
- Business
- Time of India
Now, CM's 150-day action plan aims to improve e-governance
Mumbai: After successful completion of the 100-day action plan, CM Devendra Fadnavis has now drafted a 150-day plan for providing result-oriented administration. The highlight of the new plan is to effectively link tehsils with Mantralaya and coordination among all departments, both vertically and horizontally. As per a govt resolution issued a few days ago, it is a comprehensive action plan for e-governance, which is expected to result in improvement in efficiency at all levels, and lists targets of govt-to-citizen (G2C) interactions, govt-to-business interactions (G2B), and govt-to-govt interactions (G2G) for departments. Under the G2C target, departments have been asked to provide as many services as possible to people through online portals, cutting down the need to visit govt offices and resulting in improved ease of living. All laws, rules, govt decisions and circulars should be put in the public domain, all services should be notified under the right to guarantee and made available on Aaple Sarkar, and decisions should be taken in a manner that they help the public, according to the plan, which also pushed for creation of a dashboard for supervision. The order said all G2B services should be made available under e-governance so that there is ease of doing business. It said all permissions required to start a business should be listed, the number of approvals should be reduced, unnecessary documents should not be asked for, FAQs should be drafted for all services, a full-fledged grievance redressal machinery must be set up, and a dashboard should be prepared. Under G2G, all efforts should be made to carefully study and analyse the current working systems, unnecessary ones should be removed, and all systems should be simplified. To improve efficiency, the existing procedures should be re-examined, and even manpower requirements and logistics should be evaluated, said the order. As per the plan, 15 key result areas will be enforced across govt offices at divisional, district and tehsil levels.
Business of Fashion
01-06-2025
- Business
- Business of Fashion
Beautycounter Set to Return With New Name and Look
On hiatus for over a year, Beautycounter is making its comeback. The multilevel marketing brand's relaunch is slated for June 25 after it was purchased by founder Gregg Renfrew out of foreclosure in April 2024 with investors from the firm G2G. Renamed Counter, the beauty label will have a new design with updated formulations on original best-selling products. While details on its business model remain scarce, the sales structure will take on an updated format called 'community commerce,' according to a representative for the brand. A pioneer in the clean beauty movement, Beautycounter was acquired by private equity firm Carlyle Group in 2021 with a $1 billion valuation. But by 2024, it closed after a 2023 launch at Ulta Beauty left its legion of over 60,000 direct sellers disillusioned with the increased competition from a major retailer. The brand's return, originally slated for May 2024, will include a lineup of 50 products with new formulations of original best-sellers including its vitamin C serum, Countertime serum and Dew Skin tinted moisturiser. ADVERTISEMENT Counter will not have any retailer partners and it does not have any concrete reopening plans for its former seasonal pop-up store in Nantucket, according to the representative. Learn more: Beautycounter's Biggest Obstacle to a Relaunch: Its Own Salespeople In 2021, the pioneering clean beauty brand sold for $1 billion. Three years later, it was bought out of foreclosure by its founder, without a clear timeline for relaunching.
Yahoo
27-05-2025
- Business
- Yahoo
CCC signs MoU with UKEF to help diversify Canada's exports
OTTAWA, Ontario, May 27, 2025 (GLOBE NEWSWIRE) -- CCC is pleased to announce it signed a Memorandum of Understanding (MoU) with UK Export Credit Finance (UKEF), the United Kingdom's export credit agency. The MoU is intended to support Canada's export diversification strategy by deepening the industrial partnerships between Canadian and UK companies in Aerospace and Defence, as well as Public Infrastructure, Clean Energy and Information Technology. CCC's MoU enables UKEF to provide financing to eligible borrowers under Canada's government-to-government (G2G) contracting model. CCC helps governments around the world acquire customized Canadian solutions through G2G contracts. Every G2G contract has the legal effect of being signed in the name of the Government of Canada and comes with an assurance of contract performance. This reduces risks for all parties. CCC is the only Government of Canada agency that offers commercial advocacy, collaborative project development, and international contracting expertise to help Canadian businesses secure contracts with foreign governments. In the past 5 years, CCC helped to export over $15 B of Canadian goods and services to countries around the world. In addition to working with UKEF, CCC will continue collaborating with Export Development Canada (EDC) – Canada's export credit agency, to bring buyer and project financing to G2G contracts. Quotes 'CCC is proud to work with UKEF to strengthen industry collaborations between Canada and the United Kingdom, and to better serve the needs of Canadian exporters and their government buyers.' – Bobby Kwon, President and CEO of CCC. 'This MoU underscores the enduring trading partnership between the UK and Canada to support our joint long-term and sustainable economic growth priorities. The signing follows hot on the heels of UK Export Finance establishing a presence in Canada to help explore new financial lending opportunities that will benefit both Canadian and UK exporters.' – Ozgur Kutay, Country Head, Canada at UK Export Finance Related G2G contracting solution UKEF EDC Contact For media enquiries, please contact communications@ About CCC CCC is Canada's government to government contracting agency. We help build successful commercial relationships between Canadian businesses and governments around the world through our government to government contracting approach. We are also the U.S. Department of Defense designated contracting authority for procurements from Canada. To learn more about how we have facilitated billions in trade between Canadian businesses and governments around the world, visit
The Star
22-05-2025
- Business
- The Star
Yingluck's lawyers push for retrial in rice pledging case fight
BANGKOK: Yingluck's legal team refuses to give up! They submit new evidence, requesting the court to reopen the rice pledging case, citing over US$305mil (100 billion baht) in rice sales after the Supreme Administrative Court ordered the former PM to pay 10 billion baht compensation. Norawit Lalang, lawyer appointed by former Prime Minister Yingluck Shinawatra, spoke after the Supreme Administrative Court amended its ruling, ordering Yingluck to pay US$305mil (10.03 billion baht) in damages related to the government-to-government (G2G) rice sales scheme. Norawit explained that the Supreme Administrative Court's verdict shares some similarities with the lower court's decision. Both rulings reference the Ministry of Finance's Order No. 1351/59, which held Yingluck responsible for losses in the 2012/13 and 2013/14 rice pledging schemes totalling over 178 billion baht. Under that order, Yingluck's liability was set at 20%, approximately 35 billion baht. Both courts agreed that Yingluck was not liable for this amount, as it was based on total losses from both programmes. However, the key difference in the Supreme Administrative Court's ruling is that Yingluck was held liable specifically for corruption during the G2G rice sales stage. Norawit pointed out that the rice sales phase fell under the operational side, managed by the Rice Sales Subcommittee, chaired at the time by the Minister of Commerce. Despite this, the court assigned Yingluck responsibility for over 10 billion baht in damages related to this stage. - Photo: The Nation file Norawit recalled that at the time of the May 22, 2014 coup, there were approximately 18.9 million tons of rice remaining in government warehouses. According to the Ministry of Finance's order, if the government managed to sell this rice at prices higher than the valuation used to close the rice pledging accounts, the proceeds could offset Yingluck's liability. 'Currently, this rice has all been sold under the current government at about 25 baht per kilogramme. The sales revenue is estimated at around 250 billion baht. When offset against the 10 billion baht liability, Yingluck might not have to pay anything at all,' Norawit said. He added that this rice sale constitutes new evidence. 'We have tried to submit this in the case, but since fact-finding had concluded, the court did not accept it. However, it is new evidence, and our legal team will discuss whether to file a retrial request. We will pursue this to the fullest to seek justice for the former Prime Minister,' Norawit said. Norawit also noted that a retrial request must be filed within 90 days under Section 75 of the Administrative Procedure Act. If the court refuses to reopen the case, the matter will be final, but 'we will do our best to fight for justice.' He has not yet reported this development to Yingluck. He acknowledged that between 2015 and 2019, some good-quality rice was downgraded and sold as spoiled rice, fetching only 3-5 baht per kilogramme, much lower than the 18 baht per kilogramme achieved under Commerce Minister Phumtham Wechayachai, which generated about 10 billion baht. Overall, more than 200 billion baht worth of rice has been sold. When asked about allegations that the Ministry of Commerce under the current government sold rice to cover Yingluck Shinawatra's debts, Norawit responded,"We must ask who the buyers were. They were private entities. No one would invest money just to cover debts, using ordinary logic." Regarding the total value of assets seized, Norawit said most assets had already been sold, and he could not recall the exact value. He noted that the Supreme Administrative Court annulled the Ministry of Finance's order for amounts exceeding 10 billion baht. On the assets protected as joint property with Yingluck's husband, Norawit explained,"Almost all items acquired after November 1995 are protected. The court ruled these are jointly owned properties." When asked how much Yingluck might recover after debt offsets, Norawit said,"Some seized assets remain, some have been sold. Any excess must be returned, but the exact amount and timeline are unknown. Enforcement procedures must be followed. The Ministry of Finance is the lead agency, and the Department of Legal Execution handles the seizures, under orders from then-Prime Minister Prayut Chan-o-cha. We will review details before deciding whether to petition the Ministry or the Department." On whether the court ruling affects Yingluck's potential return to Thailand, Norawit said,"I do not know if it affects her return or when she might come back. I also do not know where she currently resides. This civil case has no bearing on that." When asked if Yingluck's brother, Thaksin Shinawatra, has been informed, Norawit replied,"He probably knows from the news. I have not personally discussed this with him." - The Nation/ANN
Arab News
16-02-2025
- Business
- Arab News
Pakistan sees Saudi Vision 2030 as model for its economic transformation
RIYADH: Saudi Arabia's influence in regional economic transformation is expanding, with Pakistan acknowledging the Kingdom's progress under Vision 2030 as a valuable model, according to a senior official. In an interview with Arab News during the AlUla Conference for Emerging Market Economies, Pakistan's Finance Minister Muhammad Aurangzeb emphasized that Saudi Arabia's leadership in economic reforms offers important lessons for Pakistan as it embarks on its own structural changes. 'Pakistan and the Kingdom of Saudi Arabia have been long-standing partners, one of the strongest partnerships that we have,' Aurangzeb said. 'As we go through our own structural reforms at this point in time, on the back of the macroeconomic stability that we have achieved, there's a lot to learn from Vision 2030,' the minister said. He also stated that the Kingdom is well ahead of its targets of Vision 2030, 'so there's so much to learn in Pakistan from our partners in Saudi Arabia.' Saudi investments The finance minister also highlighted the growing Saudi investments in Pakistan, particularly in the business-to-business sector. He pointed to recent developments such as Saudi Aramco's foray into the downstream petroleum industry and ongoing talks concerning government-to-government agreements. 'We've already had a few investments coming through from Saudi Arabia in the B2B space, and then of course, we have just seen Aramco coming into downstream, so these are all very, very good investments,' Aurangzeb said. 'There are a number of G2G transactions which are underway at this point in time to be announced later in the year.' Aurangzeb underscored the potential for boosting exports from Pakistan to Saudi Arabia, especially in the skilled labor sector. He noted that this aligns with the Kingdom's expanding workforce needs as it progresses toward its Vision 2030 objectives. The minister added: 'Meanwhile, we remain grateful for the support that we have received from Saudi Arabia, especially with respect to our IMF program.' The minister noted that the conference serves as an important multilateral platform to discuss economic resilience and cooperation among emerging economies.
