Why commercial interest of only Big Pharma sacrosanct, India asks developed countries
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New Delhi: India has pressed its demand for a waiver of intellectual property rights on covid-19 vaccines before the World Trade Organization (WTO), asking why the commercial interests of Big Pharma alone are being protected even as industries reel under the impact of the pandemic and countries struggle to access vaccines.
“Globally, governments have intervened to suspend air transport and restrict mobility in order to prevent the spread of coronavirus. Sectors like civil aviation, travel and tourism, hospitality, small businesses including MSMEs continue to be severely impacted by such state interventions. These sectors are also important for the global economy, for growth, for employment. Certainly, governments are not against the interest of these sectors. We would like to know that why commercial interests of only few companies are so sacrosan
India February manufacturing PMI falls marginally to 57.5 from 57.7 in January
Indian goods producers reported a healthy inflow of new orders in February. (Photo: Bloomberg)Premium
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India’s manufacturing activity eased a little in February compared to January but remained robust as firms lifted input inventories at record pace with strong growth in sales and production, a private survey said.
Data released by the analytics firm IHS Markit on Monday showed Purchasing Managers’ Index (PMI) for manufacturing sector fell marginally 57.5 from 57.7 a month ago. A figure above 50 indicates expansion, while sub-50 signals contraction. The headline figure however remained above its long-run average of 53.6.
Manufacturing activity remained strong in Feb livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
GST revenue hits ₹1 tn for a fifth month
Data released by the finance ministry showed GST collections stood at ₹1.13 trillion in February
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Goods and services tax (GST) collections by the Centre and states exceeded the ₹1 trillion mark for the fifth straight month in February, aided by an aggressive drive to improve compliance and recovery in economic activities.
The sustained rise in GST collections, staging a recovery after a steep drop in April when India was in a national lockdown, offers relief to policymakers seeking to bridge a massive revenue shortfall.
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India stares at isolation as G20 seeks fresh SDR issue
The International Monetary Fund (IMF) building in Washington DC
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The International Monetary Fund (IMF) may issue fresh special drawing rights (SDRs) to member countries, ignoring India’s resistance, after US treasury secretary Janet Yellen decided to go with the G20 proposal, reversing the stand of the administration of former president Donald Trump
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The International Monetary Fund (IMF) may issue fresh special drawing rights (SDRs) to member countries, ignoring India’s resistance, after US treasury secretary Janet Yellen decided to go with the G20 proposal, reversing the stand of the administration of former president Donald Trump. The move will help poor countries fight the economic fallout of the coronavirus outbreak.