The payments industry, which saw unprecedented changes and challenges during the pandemic crisis last year, expects 2021 to be the year of innovation. With more small businesses adopting digital channels, India could see millions of new users enter the digital ecosystem.
Saying they are desperate to escape poverty, unemployment, gang and drug violence and the aftermath of two devastating hurricanes, the migrants set out from Honduras last week, aiming to cross Guatemala and Mexico and reach the US — an arduous journey of thousands of kilometers.
Today, almost a year after Covid-19 descended on India, we are fully cognisant of the far-reaching impact of India’s healthcare system on people’s lives, their jobs, education, economy and collective morale. What is needed is enhanced spending on healthcare. The envisaged 2.5% of GDP is still a far cry from the current 1.3% allocation. It is also imperative to address the R&D needs of the pharma sector, beyond the current Covid-19 vaccination drive.