-The Hindu “The current version of the text added new burdensome conditions that would impose additional limits on countries using non-voluntary licensing” Six experts from India, South Africa and the United States have written to Prime Minister Narendra Modi to reject the current version of a proposal at the World Trade Organisation on intellectual property waivers for COVID-19 medicines, that includes vaccines, drugs and diagnostics. In October 2020, at the WTO’s Trade Related...
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PM Free Ration Scheme Kept Extreme Poverty Lowest During pandemic 2020: IMF
-PTI/ NDTV.com The working paper titled 'pandemic, Poverty, and Inequality: Evidence from India' presents estimates of poverty and consumption inequality in India for each of the years 2004-5 through the pandemic year 2020-21. New Delhi: Pradhan Mantri Garib Kalyan Yojana (PMGKAY), which provides free foodgrains to poor people, played a key role in keeping extreme poverty in India at the lowest level of 0.8 per cent during the pandemic-hit 2020, according to...
More »Sri Lanka caught in a 'strategic debt trap', faces worst economic crisis
-ANI/ Business Standard Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy. As Sri Lanka faces its worst economic crisis in decades and struggles to pay loans, China turns a blind eye after ensnaring the island nation into a debt trap. Sri Lanka is now facing the worst economic crisis since gaining independence in 1948. The recession is attributed to foreign exchange shortages caused by the...
More »Electoral bonds scheme: Supreme Court says it will take up matter
-The Hindu Court wanted to earlier take up a long-pending challenge against the government’s electoral bonds scheme, but the COVID-19 pandemic played spoilsport, says CJI N.V. Ramana Chief Justice of India N.V. Ramana on Tuesday told advocate Prashant Bhushan that the court wanted to take up earlier a long-pending challenge against the government’s electoral bonds scheme, but the COVID-19 pandemic played spoilsport. Mr. Bhushan, who represents petitioner Association for Democratic Reforms, informed the...
More »Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)
-TheWire.in Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India. Mumbai: Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the...
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