Prime Minister Narendra Modi is expected to meet top government officials, including the Finance Secretary Hasmukh Adhia and members from his economic advisory council around 6:30 pm on Friday to review the current economic scenario.The Prime Minister later in the evening met Finance Ministry Arun Jaitley, Subhash Chandra Garg, Secretary, Department of Economic Affairs, Adhia and AN Jha, Expenditure Secretary.Along with a team of bureaucrats and economists, Modi may work out a strategy to bolster market’s confidence and improve the macroeconomic scenario.Close The meeting is expected to be extended to Saturday as well. related news Bank of Japan to consider offering bleaker view on output as trade war bites: Sources Rupee settles 9 paise up at 71.20 against US dollar Rupee near day's low, trades at 71.40 per dollar Despite robust GDP growth and falling inflation, India is facing the threat of a widening twin deficit—current account and fiscal deficit—led by … [Read more...] about PM Modi to take stock of rupee, fuel price concerns at economic review meet
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US President Donald Trump on Saturday hand-picked Scott Gottlieb to lead US Food and Drug Administration (US FDA) – the regulatory agency that approves every food and drug products marketed in America.The appointment is still to be confirmed by the US Senate.Gottlieb, 44, served in several senior positions at the US FDA during the George W Bush administration. He was trained as a physician and is known as a conservative health policy expert with deep ties to the pharmaceutical industry.Gottlieb is also a partner at New Enterprise Associates, a large US-based venture capital firm. The firm’s investments include life-sciences companies. In addition to his service on several pharmaceutical companies’ boards, Gottlieb is a consultant for London-based pharmaceutical giant GlaxoSmithKline.Close Gottlieb's proposed appointment as US FDA commissioner assumes significance given the Trump’s promise of reducing regulation at US FDA as one of his key priorities to make … [Read more...] about Why Scott Gottlieb, the new US FDA chief, could be good news for Indian drug makers
Fraud-hit CG Power and Industrial Solutions has sought shareholders' nod to borrow up to Rs 5,000 crore to meet working capital and other business needs as it looks to spring back from the worst crisis in its history. CG Power has called an annual general meeting of shareholders on December 14 where the resolution for borrowing will be put to vote.In a notice to shareholders, the firm said its current borrowing as of March 31, 2019, is Rs 2,455.39 crore (fund based including short term loans) and Rs 1,380.00 crore (non fund based)."Keeping in view the existing borrowing and additional fund requirements and given the current financial condition of the company, the company is in urgent need of both long-term capital and working capital and towards this, the management of the company is in the process of identifying potential sources of capital," it said.Close The company is also seeking external advice on mode and sources of fund raising. related news Modi govt resolves to … [Read more...] about CG Power seeks shareholders’ nod to borrow up to Rs 5,000 cr to revive business
In clinics around the world, a type of artificial intelligence called deep learning is starting to supplement or replace humans in common tasks such as analyzing medical images. Already, at Massachusetts General Hospital in Boston, “every one of the 50,000 screening mammograms we do every year is processed through our deep learning model, and that information is provided to the radiologist,” says Constance Lehman, chief of the hospital’s breast imaging division. advertisement advertisement In deep learning, a subset of a type of artificial intelligence called machine learning, computer models essentially teach themselves to make predictions from large sets of data. The raw power of the technology has improved dramatically in recent years, and it’s now used in everything from medical diagnostics to online shopping to autonomous vehicles. But deep learning tools also raise worrying questions because they solve problems in ways that humans can’t … [Read more...] about Machine learning could transform medicine. Should we let it?
While we can’t all be the CEO of our own companies, we can at the very least be the bosses of our time in some capacity or another. advertisement advertisement Based on a trick we picked up from Jack Dorsey, we challenged ourselves last week to give each day a theme to help stay on track. According to Dorsey, this habit allowed him to quickly recall and refocus on the day’s task once a distraction was out of the way, and we hoped to reap similar rewards. After a week of knowing in advance what kinds of things we would work on each day, we learned that a theme a day can help us manage our time in more ways than one. Here’s what happened: We Picked Up Where We Left Off “There is interruption all the time, but I can quickly deal with an interruption and then know that it’s Tuesday, I have product meetings, and I need to focus on product stuff,” Dorsey said of his themed days. Some of us were just as successful at structuring our time by … [Read more...] about The One Habit Change That Can Help You Stop Procrastinating