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New York, Jan 11, 2017: In his first media conference as President-elect, Donald Trump, without naming any country in particular, laid bare his views on the US pharmaceutical sector, as well as on the loss of American jobs in manufacturing, both of which are issues with potential to hit Indian business interests.
Nine days before he is to be sworn as the 45th US President, Trump spoke of his plans to stem the flow of manufacturing from America and took aim at the pharmaceutical sector.
“We’ve got to get our drug industry back,” he said.
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“Our drug industry has been disastrous. They’re leaving left and right. They supply our drugs, but they don’t make them here, to a large extent,” he said at the chaotic news conference on Wednesday in the lobby of Trump Tower in Manhattan, attended by some 250 journalists from the world over.
The US is the largest market for Indian drug makers. In 2015, India exported $6 billion worth of drugs to the US and could feel the impact of the Trump announcement to change drug pricing policy.
Trump’s strong remarks on “overcharging” by pharma companies indicates a future tougher operating environment for foreign companies, including Indian, in the US.
However, India could also gain from his plans to cut the cost of pharmaceuticals because of its leadership in generics.
Declaring pharma companies as “getting away with murder” in overcharging and sending capacity abroad, Trump said: “We are the largest buyer of drugs in the world, and yet, we don’t bid properly.”
He promised to start such “bidding” and save billions of dollars for the US over a period of time.
Just hours after the press conference, Indian pharma companies were trading in red. The S&P BSE healthcare index receded by 110.99 points.
Shares of Sun Pharmaceutical, Dr. Reddy’s, Lupin, Cipla, Cadila and Glenmark were down on the BSE. The scrip price of Cadila went down by 1.89 per cent to close at Rs 350.45 per share.
Lupin was down 2.03 per cent at Rs 1,489.45 and Dr. Reddy’s 1.19 per cent at Rs 3,011.20. Sun closed at Rs 643.90 down 0.59 per cent. Wockhardt lost 11.30 points and closed at Rs 687.45, down 1.62 per cent.
Glenmark closed at Rs 889.95 per share, down 1.57 per cent. IPCA Labs closed at Rs 548.85, losing down 7.50 points. NATCO at the closing traded at Rs 640.40 down 0.09 per cent.
He also threatened to impose a “border tax” on companies that move manufacturing outside.
Trump spoke about Fiat Chrysler and Ford setting up factories in the US Midwest where the core of his supporters scarred by de-industrialisation live, with more such plants to be announced in the coming weeks. They were all because of his efforts, he declared.
A mega Indo-US defence venture could take a potential hit following Trump’s announcement.
According to US media reports, both Lockheed-Martin and Boeing have been in talks with the Indian government to set up production facilities in India for building latest design fighter jets.
Lockheed-Martin is reportedly planning to move the entire F-16 assembly line to India, making it the sole producer of the iconic fighter airplane. The Lockheed production agreement alone is estimated to create 1,000 jobs in India.
Bollywood actor Abhishek Bachchan shares how he feels when people compare him with his father Amitabh Bachchan on the singing reality show 'Sa Re Ga Ma Pa'. He also requests contestant Rajshree Bag to sing a track 'Bahon Mein Chale Aao' featuring his mother Jaya Bachchan.
Abhishek said after looking at the performance of Rajshree, who is often compared with Lata Mangeshkar on the show, that she reminds him of being compared with his father. "Rajshree, whenever I have got the chance to watch the show, I've seen people compare you to Lata didi. It actually reminded me about how people compare me with my father and ask me how I feel about it."
According to him Amitabh Bachchan is a great actor in the industry and this is what he says to everyone making these comparisons. "My answer to them is that there's no greater actor in this film industry than Amitabh Bachchan and if I'm being compared to him, I am sure I must have done something good."
"Similarly, your voice has a different kind of magic like Lata ji and that's why people are comparing your voice with her. I feel you should always take this as a compliment," he concluded. 'Sa Re Ga Ma Pa' airs on Saturday and Sunday on Zee TV. (IANS/ MBI)
Keywords: Abhishek Bachchan, Amitabh Bachchan, reality show, Sa Re Ga Ma Pa, Rajshree Bag
Winters in India have always beckoned for that hot, steaming bowl of tomato and pepper rasam or the mellow, millet based Raab. Certain dishes like sarson ka saag, undhiyu, nimona pulao are winter specialites in the country. Seasonal food has always been an Indian speciality -- we switch our choice in fruits, vegetables, sometimes even grains with the onset of different season. The preference of using specific ingredients during certain climates is visible in our sweets as well. It's common to find local and traditional delicacies made of jaggery, instead of sugar during the winters. Case in point -- the Nolen Gur Rasgulla, a speciality made in Odisha and West Bengal between November to February.
Celebrity chef, Sanjeev Kapoor, strongly advocates this need of eating seasonal produce. He says, "The beauty of our food is in our seasonal usage of fruits and vegetables. If you realise, Gajar ka halwa is made aplenty during winters as this is the season when beautiful red carrots hit the market or mango pickle is made during summer, thanks to its availability. Despite people and sometimes, even me, suggesting that we should eat fresh as well as seasonal fruits and vegetables, we do not know what chemicals are sprayed on them to keep them safe while they are growing. When this produce hits the market, there isn't a certifying agency like the FSSAI that will help people understand what vegetables and fruits are free of pesticides and germs and which ones don't. Hence, the onus lies on us to make them safe for consumption. ITC's Nimwash is a good solution."
When it comes to winters, the Chef recommends eating these fruit and vegetables:
* Purple Mogri -- Mogri or Radish pods are not a common sight throughout the country. But you can spot them during the winters in local markets in northern India where women pick them up to make raitas, curries and stir fries. Rich in magnesium, calcium and copper, the vegetable is known to aid people from digestive problems.
Mogri or Radish pods are not a common sight throughout the country, but you can spot them during the winters | Pixabay
* Sweet Potato -- A re-discovered favourite, Sweet potatoes have created a space for itself in the millennial kitchen. With its diverse addition in burgers, chips and even chat, the root vegetable is filled with nutrients such as fibres and vitamins.
Sweet potatoes have created a space for itself in the millennial kitchen. | Wikimedia Commons
* Avarekalu -- Called Hyacinth beans in English, Avarekalu is a winter speciality in the south that is added to sambhar, saagu, rotis, etc. Bangalore is famed for its Averakalu mela during the winter months, where you can find these beans in dosas, Pani puri and even Jalebis! Thronged by crowds from all over the city, the food fest is a gourmand's delight.
Called Hyacinth beans in English, Avarekalu is a winter speciality in the south that is added to sambhar, saagu, rotis, etc. | Wikimedia Commons
* Amla -- The Indian gooseberry is a common winter fruit found through the country. High in Vitamin C, it is known to be immunity building and extremely beneficial for the skin and hair. There are multiple ways to eat Amla -- it is pickled, made into a fruit preserve called as Murraba or even eaten by sprinkling salt over it.
The Indian gooseberry is a common winter fruit found through the country. | Pixabay
(Article originally published on IANSlife) (IANS/ MBI)
Keywords: winter, Sanjeev Kapoor, chef, Indian gooseberry, Sweet Potato, Radish pods
Just three minutes of exposure to deep red light once a week, when delivered in the morning, can significantly improve declining eyesight, finds a new study. The study, published in the journal Scientific Reports, found there was, on average, a 17 per cent improvement in participants' colour contrast vision when exposed to three minutes of 670 nanometre (long wavelength) deep red light in the morning and the effects of this single exposure lasted for at least a week.
However, when the same test was conducted in the afternoon, no improvement was seen. "We demonstrate that one single exposure to long wave deep red light in the morning can significantly improve declining vision, which is a major health and wellbeing issue, affecting millions of people globally," said lead author, Glen Jeffery from the University College London.
Using a provided LED device, all participants were exposed to three minutes of 670nm deep red light in the morning between 8 a.m. and 9 a.m | Photo by Hush Naidoo Jade Photography on Unsplash
For the study, the team involved a small yet significant number of participants aged between 34 and 70, had no ocular disease, completed a questionnaire regarding eye health prior to testing, and had normal colour vision (cone function). This was assessed using a 'Chroma Test' -- identifying coloured letters that had very low contrast and appeared increasingly blurred, a process called colour contrast.
Using a provided LED device, all participants were exposed to three minutes of 670nm deep red light in the morning between 8 a.m. and 9 a.m. Their colour vision was then tested again three hours post exposure and 10 of the participants were also tested one week post exposure. On average there was a 'significant' 17 per cent improvement in colour vision, which lasted a week in tested participants; in some older participants, there was a 20 per cent improvement, also lasting a week.
A few months on from the first test (ensuring any positive effects of the deep red light had been 'washed out') few participants, carried out the same test in the afternoon, between 12 p.m. to 1 p.m. When participants then had their colour vision tested again, it showed zero improvement. (IANS/ MBI)
Keywords: Deep red light, therapy, eye sight, study,chroma test