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Endless war: On why Saudi Arabia should end its Yemen blockade

The Biden administration’s decision to end U.S. support for Saudi Arabia’s Yemen war is a signal to Riyadh that the Trump-era open support it had enjoyed is a matter of the past. The U.S. offered support to Saudi Arabia’s campaign against the Houthi rebels in Yemen when Barack Obama was the President. Donald Trump continued that policy, overlooking the disastrous effects of the war that has turned Yemen, one of the poorest Arab countries, into a humanitarian catastrophe. In its last hours, the Trump State Department designated the Houthis, who are backed by Iran, as a terrorist organisation. Rights groups have condemned the move, saying that the designation would complicate aid efforts as the Houthis control a sizeable part of Yemen, including the capital. Mr. Biden has now taken a different line, initiating steps to remove the Houthis from the terror list , among other actions. This is part of his larger attempts to rewrite the U.S.’s West Asia policy which, under Mr. Trump, was ... » Learn More about Endless war: On why Saudi Arabia should end its Yemen blockade

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Bringing petroleum products under GST will be good move: CEA K V Subramanian

petroleum products under the ambit of the Goods and Services Tax ( GST ). He, however, said the decision will have to be taken by the GST council . "It will be a good move, but the decision rests with the GST Council," Subramanian said during a recent interaction with FICCI FLO members. Petroleum Minister Dharmendra Pradhan had also urged Union Finance Minister Nirmala Sitharaman to bring petroleum products under the ambit of the GST. Continuous rise in fuel prices has burdened the common man and become a political issue in states where assembly elections are due. Subramanian also said inflationary pressures are mostly on account of " food inflation ". ... » Learn More about Bringing petroleum products under GST will be good move: CEA K V Subramanian

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China rolls out first one-jab Covid-19 vaccine: Report

China has given conditional approval for a single dose Covid-19 vaccine, touted to be a rival to Johnson & Johnson's one-jab shot cleared by the US drug regulator on Sunday. China's first Ad5-nCoV Covid-19 vaccine was rolled out on Friday, the state-run Global Times reported on Sunday. Phase-I clinical trials of the vaccine started on March 16, last year, making it the world's first COVID-19 candidate vaccine that entered clinical trials, it said. It is the only single-dose Covid-19 vaccine that has been given conditional approval to be rolled out in China, the report quoted last Friday's story by the state broadcaster China Central Television (CCTV). People can get the desired protective effect after 14 days of inoculation. The protective effect can last at least six months after a single-dose inoculation and it can increase immune response by 10 to 20 times if the second dose is taken half a year after the first one, the report said. With this, China's medical ... » Learn More about China rolls out first one-jab Covid-19 vaccine: Report

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Covid-19 cases surge in Maharashtra; Curfew in Hingoli from March 1 to 7

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Mamata to join hands with BJP again in case of hung assembly in Bengal: Sitaram Yechury

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Coronavirus | U.S. advisers endorse single-shot COVID-19 vaccine from J&J

U.S. health advisers endorsed a one-dose COVID-19 vaccine from Johnson & Johnson on Friday, putting the nation on the cusp of adding an easier-to-use option to fight the pandemic. The Food and Drug Administration is expected to quickly follow the recommendation and make J&J’s shot the third vaccine authorized for emergency use in the U.S. Vaccinations are picking up speed, but new supplies are urgently needed to stay ahead of a mutating virus that has killed more than 500,000 Americans. After daylong discussions, the FDA panelists voted unanimously that the benefits of the vaccine outweighed the risks for adults. If the FDA agrees, shipments of a few million doses could begin as early as Monday. “There’s an urgency to get this done,” said Dr. Jay Portnoy of Children’s Mercy Hospital, Missouri. “We’re in a race between the virus mutating and new variants coming out that can cause further disease and stopping it.” More than 47 million people in the U.S., or 14% of the ... » Learn More about Coronavirus | U.S. advisers endorse single-shot COVID-19 vaccine from J&J

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Maharashtra Covid-19 surge: Curfew in Hingoli from March 1 to 7

AURANGABAD: In the wake of a rise in daily Covid-19 cases in Hingoli , the local administration has decided to impose curfew in the district from March 1 to 7. A total of 46 new Covid-19 cases were found on Saturday in Hingoli, located in the state's Marathwada region, raising its tally to 4,083, as per official figures. Hingoli collector Ruchesh Jayvanshi in an order issued on Saturday evening said the curfew will come into force from 7 am on Monday and continue till March 7 midnight. Schools, colleges, religious places and function halls shall remain closed during the period, while banks will operate only for administrative work, said the order. Bank officials are instructed to carry their identity cards while travelling to their workplace, it said. Milk shops will be allowed to operate from 9 am to 5 pm. Medical stores are also permitted to remain open during the curfew period, said the order. Government offices will continue to work, it said. The ... » Learn More about Maharashtra Covid-19 surge: Curfew in Hingoli from March 1 to 7

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MSME sector emerged as growth engine of economy: RBI Governor Shaktikanta Das

Outlining the emerging post Covid opportunities in India, Reserve Bank of India ( RBI ) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the growth engine of economy with a vast network of about 6.33 crore enterprises, contributing 30% of GDP and approximately 50% to exports. Speaking at the 185th foundation day of the Bombay Chamber of Commerce and Industry , Das added that the sector has been rendered especially vulnerable by the pandemic necessitating concerted efforts to combat the stress and focus on revival of the sector. “Two major schemes - Emergency Credit Line Guarantee Scheme ( ECLGS ) and Credit Guarantee Scheme for Subordinate Debt ( CGSSD ) were introduced by the government. These have been duly supported by various monetary and regulatory measures by the RBI in the form of interest rate cuts, higher structural and durable liquidity, moratorium on debt servicing, asset classification, loan restructuring packages and ... » Learn More about MSME sector emerged as growth engine of economy: RBI Governor Shaktikanta Das

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FMCG cos likely to sacrifice margins for growth now

It is very clear that foods will plateau out, other things such as safety and hygiene which received such a boost Covid will definitely peter out, says Milind Sarwate , Founder & CEO, Increate Value . We are going through an interesting phase in the FMCG sector. One side is volume growth which is pretty impressive actually and on the other side is raw material pressure. Where is it going? Logically both volume growth and margin growth will not sustain. One of them will have to give way to the other. Over the past two decades, this growth margin axis has been playing out in FMCG companies and I can see them sacrificing margins for growth in the current scenario. There are several reasons for that but I feel that once we discount the post Covid upsurge in consumption, they will have to find ways of sustaining the volume growth. So, I feel pricing by consumer companies may be more benign. Companies will give more trade push just to sustain the volumes. ... » Learn More about FMCG cos likely to sacrifice margins for growth now

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