In their weekly podcast Mark Pownall and Mark Beyer discuss the US election, China trade war, Clive Palmer, Perth Airport outlook, private company results, interest rates, house prices, office vacancies, and BP’s refinery closure.
…Day: November 9, 2020
4 years on, PM Narendra Modi says demonetisation demolished corruption
On the fourth anniversary of note ban, Prime Minister Narendra Modi on Sunday said it helped reduce black money, increase tax compliance and formalisation, and gave a boost to transparency.
On November 8, 2016, Modi announced the decision to ban all currency notes of denomination of 500 and 1,000 from midnight.
Taking to Twitter, Prime Minister Modi listed the beneficial outcomes of demonetisation.
“Demonetisation has helped reduce black money, increase tax compliance and formalisation and given a boost to transparency.”
“These outcomes have been greatly beneficial towards national progress,” Modi tweeted with the ‘DeMolishingCorruption’ hashtag. Along with his tweet, the prime minister also shared a graphic on how demonetisation has ensured better tax compliance, improved tax and GDP ratio, made India a lesser cash based economy and gave a boost to national security.
ALSO READ: Demonetisation ‘destroyed’ economy, helped few crony capitalists: Rahul
The Congress alleged that the government had continuously changed the explanatory reasons for carrying out the measure four years ago and it has “destroyed” the economy.
Shipping ministry to be renamed: PM Modi
The PM on Sunday said
Cipla expects surge in demand for respiratory drugs, inhalers in winter
Cipla, the market leader in respiratory therapies, expects a surge in demand for respiratory drugs and inhalers during the coming months when the winter and an anticipated second Covid wave are likely to push up demand for these medicines.
The firm enjoys a massive 68.7 per cent market share in the respiratory inhalation segment in India and has started working on aligning supplies so that there is no shortage of these critical medicines.
During this time, pollution levels (especially in north India) and other environmental factors cause a surge in respiratory illnesses. Cipla aspires to become the global lungs leader and it currently ranks second in the world.
People, who are recovering from Covid-19, are also suffering from lung damage and other respiratory illnesses as an after-effect of the illness.
A recent study of 55 people recovering from Covid in China shows that even after three months of leaving the hospital, about 70 per cent of those in the study continued to have abnormal lung scans. The findings in EClinicalMedicine came from a team in Henan province of China led by Aiguo Xu of the first affiliated hospital
More Than 800 Held In Belarus As Opposition Reaches Out To Biden
Police in Belarus on Sunday detained more than 800 people during the latest in weeks of unprecedented demonstrations against strongman Alexander Lukashenko, as the opposition reached out to US President-elect Joe Biden.
For three months running, tens of thousands have taken to the streets of Belarus on Sundays to protest against the disputed re-election of Lukashenko, who has been in power for more than two decades.
His opponents are demanding he hand power to Svetlana Tikhanovskaya, a political novice who ran for president against Lukashenko on August 9.
Several thousand protesters, many carrying the red-and-white opposition flag, joined a march in central Minsk on Sunday.
Police vans and water cannons were deployed to the centre of the city with police sporadically detaining protesters in various locations.
Journalists working with AFP saw a heavy security presence, with baton-carrying riot police in black balaclavas grabbing protesters and taking them to police vans.
Local human rights group Viasna said that at least
