Congress chief spokesperson Randeep Surjewala said that though the government claims it will cover three crore people in the first round of the vaccination drive, it is yet to clarify if the remaining population of India will get a vaccine and whether they will get it for free.
UKIBC seeks reduction in corporate tax for foreign company branches in India
January 15, 2021
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In pre-Budget submission to FM, makes a case for paring of import duties on alcohol, raising FDI limit in defence, insurance, exempting cheap medicines from controls
The UK-India Business Council (UKIBC) has sought reduction in India’s corporate tax rates for branches of foreign companies to bring them “at par’’ with domestic companies.
In its recommendations to Finance Minister Nirmala Sitharaman for Budget 2021-22, the UKIBC also made a case for reduction in import duties on alcohol and spirits in a phased manner, remove retrospective taxation and raising foreign direct investment limit in defence sector and insurance.
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Making Medicines in India
Centre has announced two schemes to reduce import dependence in medicine manufacturing. Will they work this time?
Illustration by Raj Verma
The Department of Pharmaceuticals had gone into a huddle as early as February this year when India had only three confirmed cases of Covid-19. A committee of inter-ministerial experts and importers and manufacturers of medicines met every day to keep a watch on happenings in China. Their worry was not just the spread of the disease. They were also concerned about the lockdown in China and its impact on supply of key raw materials used to make medicines in India.