India is unparalleled investment destination for foreign investors: PM Modi : Bulletin: Business Today
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India is unparalleled investment destination for foreign investors: PM Modi

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BusinessToday.In | October 9, 2020

Eli Lilly, Gates Foundation sign deal to supply COVID-19 drugs to low, middle-income countries

Eli Lilly and Co said on Thursday it had entered into an agreement with the Bill & Melinda Gates Foundation for potential supply of its experimental antibody treatments for COVID-19 to low and middle-income countries. As part of the deal, Lilly said it will make antibody therapies available to lower-income countries prior to April 2021, but did not elaborate on the number of doses. Separately, Fujifilm Holdings Corp said its facility in Denmark would manufacture treatments next year.

India's economic situation 'much worse' than ever, GDP may shrink 9.6% this fiscal: World BankThe World Bank on Thursday projected a steeper contraction in India's economy by 9.6 per cent this fiscal in light of COVID-19 pandemic and subsequent lockdowns. The global agency noted that the country's economic situation is "much worse" than ever seen before. The Washington-based global lender said that the downgrade in India's GDP is reflective of the nationwide lockdown and the income shock experienced by households and firms due to the coronavirus pandemic.

India is unparalleled investment destination for foreign investors: PM Modi

Prime Minister Narendra Modi, at the annual Invest India Conference in Canada, hard sold his government's latest agriculture, labour reforms and said India is one of the most attractive centres of investments as there are opportunities for everyone. The conference is organised with a special focus on further strengthening business ties between India and Canada.

'Fraud on gullible patients': IMA questions Harsh Vardhan's move promoting Ayurveda to cure COVID-19

The Indian Medical Association (IMA) on Thursday raised questions on Union Health Minister Harsh Vardhan's move to promote yoga and Ayurvedic herbs for prevention of coronavirus infection and treatment of mild and asymptomatic cases. The apex medical body issued a press release asking to provide scientific evidence which advanced the protocols of the guidelines released  by Vardhan on Tuesday. The union minister had released a protocol for the clinical management of COVID-19, that lists dietary measures, yoga and Ayurvedic herbs.

COVID-19 effect: US budget deficit largest since WW-2; swells to $3.1 trillion

New, eye-popping federal budget figures released Thursday show an enormous 3.1 trillion deficit in the just-completed fiscal year, a record swelled by coronavirus relief spending that pushed the tally of red ink to three times that of last year. The Congressional Budget Office released the unofficial 2020 figures Thursday, saying the deficit equaled 15% of the U.S. economy, a huge gap that was the largest since the government undertook massive borrowing to finance the final year of World War II.

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