News agency Reuters quoted senior officials saying that the government is poised to announce a second stimulus package in coming days which will be worth around Rs 1 trillion
The coronavirus crisis seems to be getting worse globally, but the US particularly is now seeing its fatality rate growing at faster rate than infections; three in every 10 deaths now are in the US
President Trump has been pushing for the use of Hydroxychloroquine in the treatment of Covid-19 patients ever since the United States has emerged as a hotspot of coronavirus.
Sensing serious health risks, the government has swung into action. Dispensing of these medicines would get stricter and states have started collecting information on available stock in the market
On private laboratories being allowed to conduct testing for COVID-19, Bhargava said 12 private-lab chains have been registered and have started working after being allowed the testing
On March 25, India banned the export of hydroxychloroquine, which is used primarily to treat malaria and lupus
Manufacturers say there is enough stock for local needs
Easing of supply chain issues, hydroxychloroquine opportunity boost sentiments
Cardio-diabetic and respiratory segments clock robust growth
Apart from the US, Brazil and Sweden have requested for the drug to battle the Covid-19 scare in their countries.
Hydroxychloroquine Sulphate was first synthesized in 1946 and is in a class of medications historically used to treat and prevent malaria.
India on Tuesday allowed the export of hydroxychloroquine to the US, which has emerged as the global hotspot of Covid-19.
Hydroxychloroquine is an inexpensive and easily available drug. However, its demand has risen dramatically ever since it was named as a possible treatment for Covid-19
Here's a selection of Business Standard Opinion pieces for the day
Dettol and Lifebuoy promote hand washing with soap, setting aside their differences over hand hygiene standards
Stocks opened higher after President Donald Trump said Americans might be getting to the top of the 'curve' in relation to the outbreak
National-level exporters' bodies representing engineering goods, apparel, and electronics, among others, have written to the commerce department over the past two days
Banerjee said that there was no need to immediate need to transfer all the money, but there should be assurance from the government about such transfer in future
Nobody will be allowed to enter or exit from these areas
Oyo said in a statement it's furloughing employees in countries excluding India without specifying numbers, adding that it's not considering job cuts at this time.