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The floodwaters have destroyed crops and fishes from ponds have been swept away in districts of Assam. Stay tuned for the latest news of the day
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Union Commerce and Industry Minister Piyush Goyal on Thursday said that trade can be an engine of reviving growth in the current scenario and this is premised on the strengthening of the World Trade Organisation (WTO) based on its principles of openness, fairness, transparency, inclusivity, and non-discrimination.
The Minister called for removing multiple hurdles in access to medicines at affordable prices created by the WTO rules for protecting intellectual property. He mentioned that the TRIPS Agreement did not envisage a pandemic where demand for vaccines and medicines would come from several countries simultaneously, with the requirement changing at a rapid pace. He said that IPRs should not block access to critical medicines and other devices required for the treatment of the disease.
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With three Congress MLAs in Madhya Pradesh resigning in the last two weeks, former chief minister Kamal Nath on Thursday wrote a letter to Prime Minister Narendra Modi, exhorting him to protect "democratic values".
There was an "undemocratic pandemic" prevailing in the country in which the BJP was luring away MLAs to topple elected governments in states ruled by opposition parties, the Madhya Pradesh Congress chief alleged.
"I am sure...you will come forward to save the declining credibility of Indian democracy by not giving any place in your government and the party to such opportunist leaders who are facing charges of trading democratic values, so that India's established identity as a nation having democratic neutrality, transparency and maturity will remain intact," the letter said.
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Engineering firm ABB India on Thursday reported an around 76 per cent decline in net profit at Rs 16.75 crore for the June quarter, mainly due to lower revenues.
The company's net profit stood at Rs 69.74 crore in the quarter ended June 30, 2019, it said in a regulatory filing.
Total income declined to Rs 1,021.40 crore in the quarter under review from Rs 1,746.12 crore earlier.
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Calling for removal of "multiple" hurdles in access to medicines at affordable prices, Commerce and Industry Minister Piyush Goyal on Thursday said intellectual property rights (IPRs) should not become a hindrance in their availability.
He said the TRIPS (trade related aspects of intellectual property rights) agreement of the World Trade Organisation (WTO) did not envisage a pandemic where demand for vaccines and medicines would come from several countries simultaneously, with the requirement changing at a rapid pace.
"The minister called for removing multiple hurdles in access to medicines at affordable prices created by the lopsided WTO rules for protecting intellectual property," a ministry statement said.
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Topics :Today Newstop news of the dayRajasthan governmentAssam floodsFloods
First Published: Jul 23 2020 | 7:59 AM IST