Drug Industry To Fight Superbugs Together With Governments

Dozens of makers of medicines and diagnostic tests have joined together in an unprecedented effort to tackle "superbugs" - infections that increasingly don't respond to drugs and threaten millions of people in countries rich and poor.

That's according to the inaugural "Best Countries" ranking from U.S. News & World Report, the University of Pennsylvania's Wharton School and global brand consultants BAV Consulting. The ranking was officially unveiled at the World Economic Forum in Davos, Switzerland, on Wednesday.

RBI Governor Raghuram Rajan on Wednesday sought to allay fears amid the stock market plunge and the rupee nearing its lowest-ever level, saying things will stabilise and people will look at stable emerging markets, including India.

Mr Chambers' bullishness comes in the wake of the government's recent initiative to promote start-ups in the country.

India is among the fastest growing major economies, but it can do much better, Finance Minister Arun Jaitley told NDTV today at the World Economic Forum meet in Davos.

Stating that monetary policies alone could not change the world, Reserve Bank of India Governor Raghuram Rajan on Wednesday said the governments needed to create an underlying framework for growth in the long term for the world economy.

Seeking to allay concerns over volatility in currency and stock markets, Reserve Bank of India Governor Raghuram Rajan on Wednesday said things would stabilise and emphasised that monetary policies alone could not change the world.

With global headwinds hitting emerging markets as well, Finance Minister Arun Jaitley on Wednesday said volatility had become a global norm, but India could certainly grow at 8-9 per cent in a friendlier global climate.

Finance Minister Arun Jaitley dismissed the Congress party's demand that the cap on the Goods and Services Tax (GST) be specified in the Constitutional amendment bill as "preposterous." He was speaking at a discussion organised by NDTV at the World Economic Forum in Davos.

Monetary easing by central banks across the globe has reached its limits and prolonged stimulus raises the risk of distortions in asset prices, Reserve Bank of India Governor Raghuram Rajan said on Wednesday.

In an era of digitization, how can India be a global resource for innovation, growth and talent?

Central banks still have more firepower they can use to counter a slowdown in global growth, which does not change the outlook for recovery in the euro zone, European Economics Commissioner Pierre Moscovici said on Wednesday.

Nearly half of those questioned also expect an artificial intelligence machine to be sitting on a corporate board of directors within the next decade.

The perception about global banks remains low and was "worse" last year than what was seen after the 2008 financial meltdown, says a report.

Polarisation of the labour market is deepening worldwide and rising income inequality along with skills gap might lead to an increase in social tensions, feel experts.

With a new WEF study warning about a net loss of over five million jobs in next five years due to the fourth industrial revolution, IT giant Infosys CEO Vishal Sikka today said there are huge employment opportunities in India but there is a need to impart right skills and training.

Outgoing CEO of Wipro has a warning for IT companies: change. TK Kurien in an interview with NDTV Profit at the World Economic Form meet in Davos said a lot of changes are happening in technology.

Emerging economies are less likely to benefit from extreme levels of automation and connectivity achieved through the Fourth Industrial Revolution, which has the potential to dramatically change the course of economic development, says a report.

India has emerged as one of the five most promising markets for businesses globally as it offers one of the best opportunities for both domestic as well as global companies, says a survey.

The confidence level of chief executives worldwide about growth prospects of their own companies has fallen but Indian CEOs are among the most confident, says a new survey.