In this week's wrapup, we talk about India’s GDP growth, a scam at Apollo Hospitals, why RBI’s after cooperative banks and more.
For the markets edition this week, we talked about fintech firm Paytm and its stock price crash. You can read it here.
Meanwhile, here’s a recap of what we wrote over the week.
Decoding India’s 7.6% GDP
India’s economic growth from July to September was simply spectacular! But if you look at it with added context, there could be a lot hiding behind this data. So on Monday, we decoded India’s celebratory GDP growth numbers. You can read the story here.
Why is Apollo Hospitals in the midst of a controversy?
India is one of the epicentres of commercial organ trafficking. And despite having a law in place, it's still quite easy for unscrupulous people to get around it. Last week British media house The Telegraph published that something similar may have happened at Delhi’s Indraprastha, one of Apollo’s flagship hospitals. Apollo has denied any knowledge of it. But that gave us a reason to write about the rampant organ trafficking in India. You can read the story here.
Why is the RBI going after Cooperative Banks?
Over 70% of banks that the RBI (Reserve Bank of India) fined this week were cooperative banks. Now, you might think that these banks are flouting some kind of RBI regulations. But guess what? India’s cooperative banks have never been regulated by the central bank in the first place. So, what’s going on? Well, if you’re curious here’s our story on it.
Can we survive without animal drug testing?
Animal cruelty may be the least of our concerns when we take medications. But what if we tell you that over 5,00,000 animals are used every year just to test if a drug can adversely impact the human heart? Yup. It’s quite a strong figure.
And last the Director of CSIR-Centre for Cellular and Molecular Biology was concerned about it. So he wants the pharma industry to go with alternatives that can remove animals from the clinical drug trial equation. And on Thursday we explored the viability of this proposition. You can read our story here.
India stands up to the WTO on agricultural subsidies
India often gets scolded at the World Trade Organization (WTO) for its agricultural subsidies. But last week, India took a bold stand. It told the WTO that we wouldn’t discuss any new agricultural agenda unless this subsidy matter is resolved. So we broke it down in our Friday’s story here.
Finshots Weekly Quiz 🧩
Here’s your chance to win some exclusive Finshots merch. All you have to do is click on this 👉🏽 link, answer all the questions correctly and tune in to our Sunday newsletter aka Sunny Side Up next week to check if you got lucky.
We hope you enjoyed the weekly wrapup. Have a great weekend!
📢Finshots is now on WhatsApp Channels. Click here to follow us and get your daily financial fix in just 3 minutes.