Context
The final decision on whether the government can block private pharmaceutical companies from manufacturing and selling vital pregnancy drug oxytocin in India handed to the Supreme Court.
Oxytocin
Issuses with the use of Oxytocin
Misuse by Farmers
Misuse In healthcare
What are the case?
Source: Indian Express
Context
The Dunhuang city has been witness to multiple interactions and mutual learning between China and India. Recently, Chinese President Xi Jinping visited the Mogao Grottoes in Dunhuang city of China to inspect cultural relics protection and research work.
About Dunhuang
Dunhuang as an important hub city:
Road of friendship-India and China
Way Forward
In the long course of history, China and India, two ancient oriental civilisations, have engaged in exchanges and mutual learning, created two vigorous and charming civilisations, and made great contributions to the development of human civilisation. In the new era, China and India should also adhere to inclusiveness and resolve differences through building common ground. We should transcend civilisation barriers through exchanges, rise above “civilisation conflicts” by mutual learning, and overcome the sense of superiority by promoting coexistence of civilisations.
Source: The Hindu
India largest emitter of sulfur
Why India?
NASA data
India is the loser
Source: Indian Express
GS-III: Amazon Fires
Context
Amazon Fires
How did the fire start?
A cause for concern
Importance of Amazons
Source: The Hindu
GS-III: Government responds to downturn with steps to boost growth
Context
The announcements come at a time when the perception that the slowdown has been aggravating in recent weeks and spreading across sectors. Finance Minister Nirmala Sitharaman announced a partial rollback of the enhanced surcharge on foreign portfolio investors (FPI) levied in the Budget and indicated a review of the surcharge levy for high net worth individuals as well.
Announcements
Loans, repo rate
What is the surcharge that’s been withdrawn?
Why was the CSR announcement controversial?
The amendment to the Companies Act, passed earlier this month, introduced harsh penalties including jail term for non-compliance on CSR (corporate social responsibility) by listed companies. This had been slammed by industry as a regressive move, especially given the fact that in the last five years, the total CSR spend of companies has progressively jumped from 70% to over 90% now, according to data sourced from Prime Database.
Conclusion
For an economy that is downbeat in growth and in sentiment, the comprehensive package of measures announced by Finance Minister Nirmala Sitharaman on Friday may just be the right boost. They address growth slowdown concerns free up funds for investment and spending by banks, housing finance companies and MSMEs and importantly, undo some controversial proposals, in the budget and outside it, which were affecting sentiment in the markets and the corporate sector. And, importantly, these have all been done without any significant financial burden on the government. Some of the measures promote the ease of doing business and even the ease of living for ordinary citizens.
Source: The Hindu
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