Business

Kanpur:  Paucity of medicines at Lala Lajpat Rai Hospital will soon come to an end as a big order worth crore has been placed.

Giving this information, the GSVM principal Dr BR Kamal disclosed as many as 119 types of medicines like antibiotics injection, pain killer tablets, etc have been ordered. 

He added advance has also been initiated. A total amount of Rs 1.30 crore would be spent on the purchase of the medicines.

It was being expected that the consignment would reach between 15 and 20 days.

New Delhi, Nov 17 (PTI) India and Kazakhstan on Tuesday carried out a comprehensive review of their cooperation in key areas of trade, energy, defence and space.

The two sides reviewed the entire spectrum of their ties at a virtual meeting under the framework of the foreign office consultations.

"The talks were held in a friendly and cordial atmosphere," the Ministry of External Affairs (MEA) said.

17 Nov 2020; MEMO: Qatar's foreign minister said on Monday Arab states that establish ties with Israel undermine efforts for Palestinian statehood, but it was in their own sovereign right to do so, Reuters reports.

Three Arab countries – the United Arab Emirates, Bahrain and Sudan – set aside hostilities with Israel in recent months to agree to formal relations in deals brokered by US President Donald Trump's administration.

Israel cast a wider net on Monday in its quest to secure a vaccine for COVID-19, approaching Russia to discuss buying its Sputnik V vaccine, Reuters reports.

"About an hour ago I spoke with Russian President Vladmir Putin regarding the possibility of purchasing an option on the vaccine Sputnik-V," Israeli Prime Minister Benjamin Netanyahu told reporters. "We will discuss this in the coming days."

Washington, Nov 17 (PTI) Indian students contributed USD 7.6 billion to the US economy in the academic year 2019-20, even though there was a 4.4 per cent drop in the total number of Indian students, according to a report.

China remained the largest source of international students in the US, with the number of Chinese students in the country increasing for the 16th consecutive year. There were over 372,000 Chinese students in the US during 2019-20 year, said the report "Opens Doors 2020."

16 Nov 2020; MEMO: The unemployment rate in Egypt has fallen to 7.3 per cent in the third quarter of 2020, compared to 7.8 per cent in the same period last year, the Central Agency for Public Mobilisation and Statistics (CAPMAS) said yesterday.

CAPMAS said the unemployment rate rose to 9.6 per cent in the second quarter from April to June of 2020 due to the economic repercussions of the coronavirus.

16 Nov 2020; MEMO: Saudi Minister of State for Foreign Affairs Adel Al-Jubeir slammed Germany over its ban on arms sales to the kingdom due to its involvement in the war in Yemen, DPA reported yesterday.

"The idea that weapon sales were stopped to Saudi Arabia because of the Yemen war I think is illogical," the minister said, pointing out: "We think it's wrong because we think the war in Yemen is a legitimate war. It's a war that we were forced into it."

Tpkyo, Nov 16 (AP-PTI) Japan's economy grew at an annual rate of 21.4 per cent in the last quarter in a recovery from the shocks of the pandemic driven by both private spending and exports.

The world's third largest economy had logged three straight quarters of contraction and was already in recession by the time the crisis hit.

14 Nov 2020; MEMO: Turkish Energy and Natural Resources Minister Fatih Dönmez has revealed that the third Turkish drillship Kanuni has set sail from Istanbul on Friday en route to the Black Sea, Turkish media reported.

Dönmez noted that the ship is to have some maintenance work at the Port of Filyos on the sea's coast, before starting its mission at the Sakarya gas field.

14 Nov 2020; MEMO: US NBC news network has reported experts predicting that close US-Saudi ties under President Donald Trump may change under President-elect Joe Biden.

The friendship between the US and Saudi Arabia has grown warmer as Trump placed the kingdom at the heart of his Middle East policy, backing its stance against Iran and encouraging its purchase of US-made weapons.