Income tax department detects Rs 300-cr black income after raids on Kolkata groups

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New Delhi: The Income Tax Department has detected undisclosed income of about Rs 300 crore after it raided some Kolkata-based entities engaged pharmaceuticals, and diagnostic and hospital services, the Central Board of Direct Taxes said on Wednesday. The department also seized Rs 87 lakh cash and jewellery worth Rs 61 lakh during the searches that … Read more

We are fast achieving pre-COVID-19 levels in exports: Commerce secretary

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New Delhi: The country’s exports recorded a positive growth in January and the outbound shipments are fast moving towards pre-COVID-19 levels, a top government official said on Wednesday. Commerce Secretary Anup Wadhawan also said India is well on the way to breaking into new frontiers and exporting goods such as mobile phones and other electronic … Read more

COVID Vaccine Supply Limited, Distribution Unclear

Friday, December 11, 2020 (Kaiser News) — High stakes and big challenges await as the U.S. prepares to roll out vaccines against COVID-19, with front-line health care workers and vulnerable nursing home residents recommended as the top priority. Doses could be on their way very soon. An independent advisory committee to the Food and … Read more

Many Key Workers Jockey for Vaccine Priority

That’s also where lobbying comes into play. “Priority 1a for us is getting our employees into that ‘priority 1b’ priority group,” said Bryan Zumwalt, executive vice president of public affairs for the Consumer Brands Association, which represents companies that make thousands of household products, from toilet paper to soda. Of the membership’s 2.3 million … Read more

5 Important Questions About Pfizer’s COVID Vaccine

By Arthur Allen Wednesday, November 11, 2020 (Kaiser News) — Pfizer’s announcement on Monday that its COVID-19 shot appears to keep nine in 10 people from getting the disease sent its stock price rocketing. Many news reports described the vaccine as if it were our deliverance from the pandemic, even though few details were … Read more

Covid-19 Vaccine Deployment Would Give Global Economy a Lift Next Year

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Gaining a vaccine to help contain the novel coronavirus would provide a big boost to the global economy in 2021, but the initial geographic distribution of that benefit will likely depend on which vaccine candidate works first. Public health officials around the world increasingly believe at least one of the vaccines now in the later … Read more

Global Coronavirus Death Toll on Cusp of One Million

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The U.S. reported 36,919 new coronavirus cases Sunday as the world-wide death toll approached one million. India, meanwhile, became the second country after the U.S. to have reported more than six million cases. The new U.S. cases bring the nation’s total reported infections to about 7.12 million, with more than 204,750 dead, according to data … Read more

Trump OKs Final Plan to Import Drugs From Canada

By Phil Galewitz, Kaiser Health News Friday, September 25, 2020 (Kaiser News) — President Donald Trump, outlining his “America First Health Plan” Thursday, announced that his administration will allow the importation of prescription drugs from Canada. The final plan clears the way for Florida and other states to implement a program bringing medications … Read more

Faltering Service Sector Weighs on Global Recovery as Infections Rise

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The coronavirus’s resurgence is weighing on service providers in Europe and Asia, even as factories continue to report a strengthening recovery from spring’s sharp declines in output. Surveys of purchasing managers in France, Germany and Japan pointed to a decline in activity at businesses that provide services during September, an indication that the global economy … Read more

Russia Strikes Deals to Sell Its Coronavirus Vaccine Internationally

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Russia has struck preliminary agreements to sell its Covid-19 vaccine to more than 10 countries in Asia, South America and the Middle East, a development that could give Moscow valuable economic and political leverage internationally. Russian officials say they have secured preliminary deals for the vaccine to be delivered to countries such as Brazil, Mexico, Saudi Arabia and … Read more