The daily dose: August 8, 2022

#Toys that beat the world: Covid-induced supply disruptions have driven up the cost of imported Chinese toys, making Indian toys more competitive in the domestic market. But perhaps the biggest change in the toy import scene has been the sharp increase in basic tariffs from 20% to 60% on most imported toys (wheeled toys, dolls, puzzles and recreational models ) since February 2020.

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#Tax exemptions: The Ministry of Finance has notified the conditions for tax exemption of sums collected for the treatment of Covid-19 or in the event of death due to the pandemic. However, experts are unsure how to reap the benefits, as the deadlines for filing revised statements for the last two assessment years have already passed.

#Greenlight in Japan: Covaxin, Bharat Biotech International Ltd’s Covid-19 vaccine, has been approved by Japan as a booster dose for travellers.

#Chart the way forward: After outperforming and riding the Covid-19 wave for two years (2020 and 2021), the Nifty Pharma Index has become the second worst performing index so far this year. It is down 9%.

#Tech to reduce costs: In the aftermath of the Covid pandemic which has affected the aviation industry the most, the deployment of blockchain technology will help reduce costs through better information gathering, improve overall efficiency, enable better maintenance and diagnose potential problems, this article says.

#No salary: Billionaire Mukesh Ambani, for the second year in a row, has not received any salary from his flagship company, Reliance Industries, in the last fiscal year, as he voluntarily waived his compensation in light of the pandemic hitting businesses and the economy.

#[email protected]: Several activities have been initiated by the Center to celebrate the 75th anniversary of Independence, including a campaign of free precautionary doses against Covid-19, for adults, over 75 days. Previous speeches by the Prime Minister on August 15 have touched on the mission of digital health, recognized health workers, and more.

This year, Independence Day comes as India grapples with the dual international concerns of Covid-19 and monkeypox.

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August 08, 2022

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