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Top News In கார்ப்பரேட்டுகள் நீண்டது தேதியிட்டது Today - Breaking & Trending Today

WHO furious about lack of vaccines in poorer countries as China steps in


WHO furious about lack of vaccines in poorer countries as China steps in
The WHO castigates companies for prioritising rich nations where they can make more profit
19 January 2021 - 13:07 Agency Staff
World Health Organisation director-general Tedros Adhanom Ghebreyesus. Picture: REUTERS/FABRICE COFFRINI
For months, the World Health Organisation (WHO) has called on countries to come together to ensure a fair distribution of Covid-19 vaccines among rich and poor nations. Now it’s starting to lose patience.
On Monday, WHO director-general Tedros Adhanom Ghebreyesus said drug manufacturers had prioritised regulatory approval in rich countries, where profits are highest, rather than submitting full dossiers to get the greenlight from the global health body. He said this could delay distribution through Covax, a WHO-backed initiative that aims to supply vaccines to poorer countries. ....

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Why a dose of Dharma is good for organisations - The Hindu BusinessLine


Why a dose of Dharma is good for organisations
Organisations must reflect to rediscover their moorings   -  istock.com×
Maintaining stability and continuity of the ecosystem is key for businesses to thrive
Organisations tend to meander as they age. Changes in objectives, market-place, leadership etc, are the most probable reasons. Those organisations which pursue profits typically stay the course, but their cousins, with multiple objectives (social and profit) meander usually. Meandering happens when the organisational moorings are untethered.
This is an idea to tether organisations to their moorings for attaining role clarity. Social anthropologists and management experts are requested to transform this idea into a framework through research. This idea is based on the dharma (obligations) enshrined for all citizens based on roles performed by them for the society. ....

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Indian banks face bad loans and credit growth issues in 2021 — Quartz India


January 7, 2021
When the spread of Covid-19 was on the verge of hurting the Indian economy in early 2020, the central bank quickly moved to protect the country’s banking system. The Reserve Bank of India (RBI) provided relief to banks as well as borrowers by offering the option of halting loan repayments for six months (March-August). It slashed the repo rate to a record low, and opened up a special credit line for banks to encourage them to lend more. It also allowed lenders to restructure some loans.
All these steps gave much-needed temporary respite to India’s banking system. While the moratorium on loan repayments protected them against the shock of rising bad loans, the availability of cheap credit flushed the banking system with liquidity. ....

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