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Tuesday, April 2: Exaggerated claims of unbelievable results with the use of consumer products are not new in the Indian advertisement industry. But, the law of the land does explicitly prohibit and punish misleading advertisements from time to time. One such case is grabbing headlines of late. <keyword id="20083249" type="General" weightage="20" keywordseo="baba-ramdev" source="keywords">Baba Ramdev</keyword> and <keyword id="20752072" type="General" weightage="20" keywordseo="acharya-balkrishna" source="keywords">Acharya Balkrishna</keyword>, co-founder and managing director of <keyword id="19980518" type="General" weightage="100" keywordseo="patanjali" source="keywords">Patanjali</keyword>, respectively, appeared before the <keyword id="19895345" type="General" weightage="20" keywordseo="supreme-court" source="keywords">Supreme Court</keyword> today for a hearing regarding a case involving misleading advertisements. So, what exactly happened? <cmsannotation type="cmsannotation" annotationid="A case of false and misleading advertisements" comment="subhead" text="A case of false and misleading advertisements">A case of false and misleading advertisements</cmsannotation> The case began in November last year when the Supreme Court, responding to a petition by the Indian Medical Association (IMA), cautioned <keyword id="6406649" type="General" weightage="20" keywordseo="patanjali-ayurved" source="Orion">Patanjali Ayurved</keyword> against airing "false" and "misleading" claims in its advertisements about medicinal products. The IMA cited several ads that allegedly portrayed allopathic medicine and doctors negatively, claiming that companies producing ayurvedic medicines made disparaging remarks to deceive the public. Despite the Supreme Court's cautionary stance and prohibition on advertising products claiming to treat specific ailments under the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, Ramdev and Balkrishna reportedly conducted a press conference, once again making misleading claims about Patanjali's ability to cure various conditions permanently. Subsequently, on February 27, the Supreme Court expressed dissatisfaction with Patanjali's continuous dissemination of false advertisements regarding medicinal cures and issued notices to the company, questioning why contempt proceedings should not be initiated. It also chastised the government for not taking action and “sitting with their eyes shut”. On March 21, the Court summoned Baba Ramdev and Balkrishna to personally appear before it on April 2 to address their failure to respond to the contempt notice regarding misleading advertisements about medicinal cures. <cmsannotation type="cmsannotation" annotationid="What’s the latest update?" comment="subhead" text="What’s the latest update?">What’s the latest update?</cmsannotation> In today's hearing, the Supreme Court criticised Ramdev and Balkrishna for their "absolute defiance" in failing to submit proper affidavits of compliance and for disregarding legal directives. The Court also rebuked Patanjali's MD for describing the Drugs and Cosmetics (Magic Remedies) Act as "archaic". Noting that Patanjali's advertisements are in the "teeth of law" of the land, the Court warned Ramdev to prepare for potential consequences. Justices Hima Kohli and Ahsanuddin Amanullah, presiding over the bench, declined to acknowledge the apology extended by Patanjali last month. Subsequently, Ramdev's attorney, reportedly with folded hands, reiterated that both Ramdev and Balakrishna were extending a personal and unconditional apology before the court. Finally, the Court has granted Ramdev and Balkrishna a final opportunity to file affidavits in one week and mandated their presence at the next hearing on April 10.

Government ‘sitting with its eyes shut’, says Supreme Court as Patanjali’s misleading advertisement case drags on

Acharya Balakrishna — the $1.6 billion CEO behind the rise of Patanjali in India

<ul><li><keyword id="6356684" type="UNKNOWN" weightage="20" keywordseo="patanjali">Patanjali</keyword> Ayurved Ltd said there is no disagreement now between it and the Union ministry, which had last week asked it not to sell the ayurvedic drug till the issue it examined.</li><li>At his press conference in Haridwar, <keyword id="6369109" type="PERSON" weightage="20" keywordseo="ramdev">Ramdev</keyword> lashed out over the flak he received after the launch of the drug, saying some people are hurt by the "rise of Indian culture".</li><li>The company claimed that the AYUSH Ministry has "categorically agreed" that Patanjali had "appropriately worked on COVID-19 management". </li></ul> The Union AYUSH Ministry Wednesday said Patanjali can sell <keyword id="9448306" type="UNKNOWN" weightage="20" keywordseo="Coronil">Coronil</keyword> but only as an immunity booster, days after yoga guru Ramdev's company launched it as a medicine for COVID-19 and is now calling it a product to "manage" the disease. Patanjali Ayurved Ltd said there is no disagreement now between it and the Union ministry, which had last week asked it not to sell the ayurvedic drug till the issue it examined. At his press conference in Haridwar, Ramdev lashed out over the flak he received after the launch of the drug, saying some people are hurt by the "rise of Indian culture". "I want to tell people who want to try these medicines that there is no restriction on their sale now and they will be available in a kit everywhere in the country from today," Ramdev said, referring to Coronil and the two other products Patanjali is promoting together. The company claimed that the AYUSH Ministry has "categorically agreed" that Patanjali had "appropriately worked on COVID-19 management". "Now there is no difference of opinion between AYUSH Ministry and Patanjali," it added in a statement. The ministry confirmed that Patanjali can sell the product but not as a cure for the disease."AYUSH Ministry has only given permission to sell this particular formulation as immunity booster and not as a medicinal cure for COVID-19," it said. Ramdev claimed that the ministry had asked him to use the term "Covid management" in place of "Covid treatment" and he is following the instruction. Even while backtracking on describing Coronil as a "treatment" for COVID-19, the company stuck to its claim that its trial on mild to moderately ill patients was successful. The company's statement said the trial, conducted after the necessary approvals, showed 100 per cent recovery of patients within seven days. "Some people feel research is a monopoly of those who wear a suit and tie. They think a saffron-wearing sanyasi has no right to do any research. What sort of untouchability and intolerance is this?" he said. "As per the ministry, Patanjali is allowed to manufacture and distribute its Divya Coronil tablet, Divya Swasarivati and <keyword id="9498137" type="PERSON" weightage="20" keywordseo="divya-anu-talia">Divya Anu Talia</keyword> across India, as per the manufacturing licences granted by State Licensing Authority, Ayurvedic and Unani Services, Govt of Uttarakhand," the company said. The Uttarakhand department was among the agencies which had questioned Patanjali's claim to have developed a drug to cure COVID-19. The department had said Patanjali had only been given a licence to manufacture an immunity booster. Ramdev said the rise of Indian culture hurts a section of people, particularly the allopathic drug manufacturing multinational corporations which feel threatened every time an ayurvedic medicine launched by Patanjali comes into the market. He claimed there are at least two allopathic drugs in the market, selling for Rs 500 and Rs 5,000, in the name of <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword> cures, but nobody is talking about them. "I and <keyword id="669583" type="PERSON" weightage="20" keywordseo="Acharya-Balkrishna">Acharya Balkrishna</keyword> are from humble families,' he said, referring to the head of the company. "We have been working for the past 35 years to enhance the prestige of yoga and ayurveda. Building a disease-free India is our mission and it will continue," he said. Patanjali said ayurvedic drug licences and controlled clinical trials "are two different streams." The company got the approval for Coronil and Swasarivati on the basis of their "traditional reported usages" and has now connected them with "modern research-based clinical findings", it said. ALM PLB ASH ASH

Patanjali can sell Coronil but not as 'cure' to COVID-19 says AYUSH Ministry

Acharya Balakrishna is now counted amongst the richest men of India. Balakrishna, who is a close aide of <keyword id="6355107" type="PERSON" weightage="20" keywordseo="Baba-Ramdev">Baba Ramdev</keyword> and the CEO of <keyword id="6356684" type="UNKNOWN" weightage="20" keywordseo="patanjali">Patanjali</keyword>, has entered the list of Adi Godrej, Ravi Ruia, Ajay Piramal, etc. 
 
Patanjali, which has become a household name now and has shaken up India’s top notch FMCG companies, has become the fastest growing company as its net sales for 2015-16 stood at Rs 5,000 crore. 
 
With Patanjali’s growth, CEO Balakrishna became the 25th richest man in India, as per a report by Hurun India Rich List 2016. 
 
But, Balakrishna, who owns 94% stake in Patanjali claims that he does not take any salary. 
 
With his rise and rise with Ramdev and Patanjali, he became the centre to a string of controversies, especially about his degrees and passport. 
 
He went into hiding after his Indian citizenship and degrees were questioned and even cases of money laundering were registered against him. 
 
Here the real Acharya Balakrishna for you: 
 
 
(Image: Indiatimes)

Fake degrees and passports: Here is the real story of Acharya Balakrishna, Ramdev's close aide and Patanjali CEO

<a href="http://www.businessinsider.in/searchresult.cms?query=Patanjali+&amp;sortorder=effectivedate">Patanjali</a> is almost making everything that is required in daily needs. Now, <a href="http://www.businessinsider.in/searchresult.cms?query=baba+ramdev&amp;sortorder=effectivedate">Baba Ramdev</a> wants you to move to ‘Swadeshi’ jeans, which will be similar to the <keyword id="3650299" type="UNKNOWN" weightage="100" keywordseo="Indian-clothing">Indian clothing</keyword> and in line with <keyword id="38247" type="ORGANIZATION" weightage="100" keywordseo="Indian-culture">Indian culture</keyword> and tradition. 
 "Jeans is a western concept and there are two things we can do with western concepts. Either boycott them or adopt them but customize them to suit our traditions. Jeans have become so popular that they cannot be taken away from the Indian society. <keyword id="3642406" type="UNKNOWN" weightage="100" keywordseo="swadeshi-jeans">Swadeshi jeans</keyword> will be Indianised jeans in style, design and fabric," <keyword id="671398" type="UNKNOWN" weightage="100" keywordseo="Acharya-Balakrishna">Acharya Balakrishna</keyword> told ET. 
 
"Our jeans for women will be loose so that they comply with Indian cultural norms and are also comfortable for them. Indian families will find our swadeshi jeans concept very comfortable," he further said. 
 Balakrishna told that the jeans will be made up of pure cotton and since there is an increasing demand of jeans in India, especially by women, this need was acknowledged by <keyword id="6356684" type="UNKNOWN" weightage="100" keywordseo="patanjali">Patanjali</keyword>. 
 
"Denim jeans that people wear these days come from abroad or are manufactured here by western companies. They are all based on designs and cultural patterns of foreign countries. These are not suited to Indian culture. Our jeans will be similar to many Indian clothes. This will make Indian women feel comfortable too," he told ET. 
 
"We got this idea to manufacture swadeshi jeans because every year there is a lot that Indians spend on buying jeans that largely come from big companies. We want to make sure all the jeans we wear are home made," he said. 
 
Patanjali is already manufacturing more than 500 <a href="http://www.businessinsider.in/searchresult.cms?query=FMCG&amp;sortorder=effectivedate">FMCG</a> products and is now deciding to step into the fashion business. 
 
Ramdev had announced his company will soon venture into the apparel market, making both traditional and modern clothes for men and women as part of an ambitious expansion plan. 
 
He further added Patanjali is committed to produce quality products and has sup research and development units where about 200 scientists work, which has forced multinational companies to come out with their R&amp;D plans.

After storming the FMCG space, Baba Ramdev now wants you to wear “shudh desi swadeshi” jeans

Muzaffarpur, Jun 24 () A criminal complaint has been filed in a Bihar court against yoga guru Ramdev and Patanjali Ayurved MD Acharya Balkrishna, alleging that they have misled and put at risk the lives of lakhs of people by claiming to have developed a medicine to treat COVID-19. The complaint seeking registration of an FIR on cheating, criminal conspiracy and other charges was filed in the court of Chief Judicial Magistrate Mukesh Kumar here on Tuesday by Tamanna Hashmi, who identifies himself as a social worker and is often in news for his numerous court complaints against politicians over various issues. The court posted the matter for hearing on June 30. The complainant has named Ramdev, the convenor of the Patanjali Research Institute, and his aide Balkrishna, the organisation's chairman, as accused. Hashmi submitted that Ramdev and Balkrishna claimed to have prepared "Coronil tablet" to cure COVID-19, which is nothing but misleading. The complainant submitted that the Ayush Ministry has asked Patanjali Ayurved to stop advertising and publicising its claims about the medicine. The Ayush Ministry has said that they have not been provided any information with regard to the details of the composition of the ayurvedic medicine, Hashmi said. The complainant has sought registration of a case under IPC sections 420 (cheating and dishonesty inducing delivery of property), 120B (criminal conspiracy) and 270 (malignant act likely to spread infection of disease dangerous to life), among others. Ramdev's herbal medicine company Patanjali Ayurved has launched 'Coronil tablet and Swasari vati' medicines claiming they can cure the highly contagious disease within seven days. It has also claimed that the two Ayurveda-based medicines have shown 100 per cent favourable results during clinical trials on COVID-19 infected patients except those on a life support system. However, the AYUSH ministry said that the facts of the claim and details of the stated scientific study are not known to it. It has sought from the company a detailed report on composition, testing and other data of the drugs. The ministry also used powers under a 1954 law to ask the firm to "stop advertising/publicizing" claims of corona cure drug until the issue is examined by it. A government notification bars companies from advertising a cure without government approval. But it wasn't immediately clear if the drug can still be sold. Ramdev said the medicines have been developed by Patanjali Research Center, Haridwar and privately-owned National Institute of Medical Science, Jaipur following all protocols with clinically controlled trial-based evidence. Patanjali group has an estimated turnover of around Rs 10,500 crore.

FIR registered against Ramdev and Balakrishna in Bihar on Covid 19 medicine on charges of criminal conspiracy

<ul><li>India’s <keyword id="3317575" type="PERSON" weightage="20" keywordseo="Government-e-Marketplace">government e-marketplace</keyword> (GEM) has made it compulsory for sellers to state the ‘<keyword id="1340631" type="PERSON" weightage="20" keywordseo="Country-of-Origin">country of origin</keyword>’ for the products listed on the platform.</li><li>The feature on the government’s marketplace comes at a time when due to the Indo-China border clashes, there has been a call to dump <keyword id="108268" type="PERSON" weightage="20" keywordseo="Chinese-products">Chinese products</keyword>.</li><li>Buyers can choose to buy only those products that meet the minimum 50% local content criteria, says the official release from the government.</li></ul>India’s government <keyword id="6572939" type="UNKNOWN" weightage="20" keywordseo="E-marketplace">e-marketplace</keyword> (GEM) has made it compulsory for sellers to state the ‘country of origin’ for the products listed on the platform. The measure has been brought in as a step to promote the Make in India initiative which got a further boost from Prime Minister Narendra Modi’s Atmanirbhar Bharat (self reliant India). “Sellers, who had already uploaded their products before the introduction of this new feature on GeM, are being reminded regularly to update the Country of Origin, with a warning that their products shall be removed from GeM if they fail to update the same,” says the official release of the government. The feature on the government’s marketplace comes at a time when due to the Indo-China border clashes, there has been a call to dump Chinese products and people have been uninstalling Chinese apps as well. Through this filter, buyers can choose to buy only those products that meet the minimum 50% local content criteria. Launched in 2016, the government e-marketplace is an online platform for public procurement for government departments and has almost 4 lakh sellers. It also offers e-bidding, reverse e-auction and demand aggregation. SEE ALSO: <a href="https://www.businessinsider.in/india/news/acharya-balakrishna-the-1-6-billion-ceo-behind-the-rise-of-patanjali-in-india/slidelist/76527837.cms">Acharya Balakrishna — the $1.6 billion CEO behind the rise of Patanjali in India</a> <a href="https://www.businessinsider.in/india/news/checkout-jagannath-rath-yatra-2020-images-pictures-without-the-lakhs-of-devotees/slidelist/76528249.cms">Contrasting images of the iconic Puri Jagannath Rath Yatra from 2020 and 2019 – without the lakhs of devotees</a> <a href="https://www.businessinsider.in/international/news/how-the-us-germany-and-other-european-countries-tried-to-protect-jobs-amidst-the-coronavirus-pandemic/articleshow/76529361.cms">This is how the US, Germany and other European countries tried to protect jobs amidst the coronavirus pandemic</a>

India’s government e-marketplace now has a Make in India filter – sellers have to specify the ‘country of origin’ for products

<ul><li>Global e-commerce giants <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> and Walmart will have a new contender to face-off against in the Indian e-commerce market — OrderMe by <keyword id="6356684" type="UNKNOWN" weightage="20" keywordseo="patanjali">Patanjali</keyword> Ayurved. </li><li>The ₹3,000 crore FMCG brand is owned by Indian yoga guru, <keyword id="6355107" type="UNKNOWN" weightage="20" keywordseo="Baba-Ramdev">Baba Ramdev</keyword> and his disciple Acharya Balakrishna. </li><li>The announcement to launch a ‘swadeshi’ e-commerce app comes three days after Prime Minister Narendra Modi gave a clarion call of being ‘vocal for local’ in India. </li></ul>After Mukesh Ambani’s tie-up with Facebook to give JioMart a push, US-based Amazon and Walmart have a new emerging contender in India’s e-commerce space — Patanjali Ayurved. Led by the yoga guru, Baba Ramdev, the ‘swadeshi’ enterprise announced its plans for an online e-commerce platform — OrderMe, three days after Prime Minister Narendra gave the ‘vocal for local’ call. It’s set to go live within the next 15 days, as per a <a href="https://www.timesnownews.com/business-economy/companies/article/baba-ramdevs-patanjali-to-launch-swadeshi-only-ecommerce-platform-orderme-free-home-delivery-of-products/592127">Times Now</a> report. Ramdev has thrown his hat into a ring where global e-commerce giants like Amazon and the Walmart-owned <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> are fighting the government’s equalisation levy ⁠— <a href="https://www.businessinsider.in/india/news/india-e-commerce-policy-is-on-hold-but-the-likes-of-amazon-flipkart-and-even-netflix-are-already-paying-the-price-for-not-being-made-in-india/articleshow/75709958.cms">which is 2%</a>⁠— and Asia’s richest man <a href="https://www.businessinsider.in/business/news/facebook-picks-up-10-stake-in-jio-platform-for-rs-43574-cr/articleshow/75283937.cms">Mukesh Ambani has joined hands</a> with Mark Zuckerberg’s Facebook, and a clutch of other investors with deep pockets, for the countrywide rollout of JioMart. Prime Minister’s Narendra Modi’s push for ‘swadeshi’ products, it seems like the perfect time for India’s own yoga guru to step up and capitalise on the opportunity. <div type="Article" hostid="261" msid="75709958" title="India’s grand e-commerce policy is on hold but the likes of Amazon, Flipkart, and even Netflix are already paying the price for not being ‘Made in India’" mstype="2" mssubtype="0"></div> Patanjali Ayurved’s managing director and chief executive officer (CEO) Acharya Balkrishna has confirmed the plan. According to him, the platform is an effort to meet Modi’s “vocal for local,” call. Ramdev has never made a secret of his feelings for international brands like Maggi and Nestle, that he believes Patanjali can easily replace. <div type="Article" hostid="261" msid="75701230" title="Modi's 'self-reliance' and 'local thrust' looks like a jab at China, sounds like RSS' 'swadeshi' ⁠— and it will be music to Baba Ramdev's ears" mstype="2" mssubtype="0"></div> Ramdev’s ₹3,000 crore FMCG brand has been aligned with the swadeshi narrative from the start. However, its toughest fight will be against another homegrown brand, JioMart, as both are targeting mom-n-pop stores. “OrderMe will only supply and endorse swadeshi products. It is Patanjali’s effort to contribute to our long-standing swadeshi movement by connecting all the local retailers and small shop owners so that those selling swadeshi products can benefit from our platform. They can join the platform and the plan is to deliver their products free of cost,” Balkrishna said, according to the report. He said the <keyword id="9239349" type="UNKNOWN" weightage="20" keywordseo="orderme-app">OrderMe app</keyword> has been developed by Patanjali’s own IT team in conjunction with New Delhi-based Bharuwa Solutions and will be launched across Android and iOS. The Patanjali CEO is also doubling down on the swadeshi theme with in-house software being used to manage the countrywide distribution, sale and supply of products. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/chinese-hackers-are-using-backdoors-to-gain-unrestricted-access-to-companies-and-governments-and-its-not-about-the-money/articleshow/75796403.cms">Chinese hackers are using backdoors to gain unrestricted access to companies and governments — and it’s not about the money</a> <a href="https://www.businessinsider.in/stock-market/news/share-price-impact-on-indigo-spicejet-after-india-keeps-flights-grounded-till-may-31/articleshow/75798281.cms">Indigo, SpiceJet shares crash in morning trade after India keeps flights grounded till May 31</a> <a href="https://www.businessinsider.in/business/startups/news/experts-warn-startups-against-raising-funds-by-selling-equity-during-covid-19/articleshow/75798419.cms">Startups who need money during COVID-19⁠— don’t sell your stake now, warn experts</a>

Amazon and Walmart's newest competitor in Indian e-commerce is a yoga guru turned entrepreneur with a mass appeal

<ul><li>A viral video shows Dr <keyword id="4112857" type="PERSON" weightage="20" keywordseo="Parmeshwar-Arora">Parmeshwar Arora</keyword> standing through the skyroof of his Audi going around the streets of Gurugram sharing home remedies to fight the <keyword id="1754604" type="PERSON" weightage="20" keywordseo="coronavirus">coronavirus</keyword>.</li><li>The remedies shared by the renowned Ayurvedic doctor are proven ways to boost immunity, he went a step too far by saying it will kill the virus.</li><li>Ayurveda – the field of alternative medicine has gained immense popularity in the wake of COVID-19.</li></ul>Every morning, Dr Parmeshwar Arora, standing through the skyroof of his Audi and speaking through a microphone, goes around the streets of Gurugram sharing home remedies to fight the coronavirus. And while the remedies shared by the renowned Ayurvedic doctor are proven ways to boost immunity, he went a step too far by saying it will kill the virus. Dr Arora’s viral video gained the attention of thousands when a Facebook user posted a video of a selfless doctor spreading awareness on the pandemic. Arora was then given the name “Audi waale doctor”. According to <a href="https://www.facebook.com/ZeeNews/videos/254776185749531">reports</a>, Dr Arora is a renowned ayurvedic doctor with more than 20 years of experience. He is currently serving as a senior consultant at Sir Ganga Ram Hospital. Dr Arora is also seen in ads of <keyword id="62997" type="DOMAIN" weightage="20" keywordseo="Dabur">Dabur</keyword> Chyawanprash recommending it as an immunity booster. <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[]]></cdata></div> According to him, if you keep drinking lukewarm water slowly (just like you enjoy a hot cup of tea he said) but often, it kills the coronavirus. However, there is no proven scientific study behind it, and earlier, the Press Information Bureau (PIB) had also debunked this rumour that coronavirus can be treated with warm water. <div type="twitter" handle="PIBFactCheck" handlename="PIB Fact Check" image="http://pbs.twimg.com/profile_images/1214504395359916032/9Xk_-_ro_normal.jpg" favoritecount="1842" retweetcount="990" status="#Coronavirus CANNOT be treated by gargling with warm water mixed with salt and vinegar.This is #fakenews circulat… https://t.co/acRkIfcSNx" createdat="1584359141000" id="1239518193422446592"></div> The doctor then suggested that everyone should consume cloves, along with black pepper, ajwain (carom seeds) and hot water. While Ayurveda considers these as immunity boosters — they are not yet proven to be remedies for coronavirus. Ayurveda – the field of alternative medicine has gained immense popularity in the wake of COVID-19. The ancient practice of Ayurveda with <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword> as its land of origin can lead the fight against coronavirus, said a <a href="https://www.newsbreak.com/news/0OtB5GOp/ayurveda-silently-battling-covid-19">seasoned Clinical Assistant Professor </a>of Medicine from Weill Cornell Medical College in New York. In May, the central government also launched three Central AYUSH (The Ministry of Ayurveda, Yoga &amp; Naturopathy, Unani, Siddha and Homoeopathy) ministry-based studies related to COVID-19. However, so far the government hasn’t derived any remedy in Ayurveda for coronavirus. Acharya Balakrishna, the chairman of Patanjali, had earlier said that trials are going on to see the potential of Ayurveda in the cure of coronavirus. “The proposed treatment regime is designed to add efficacy and potency of Ayurvedic medicines in treating COVID-19 infection in combination with ICMR (Indian Council of Medical Research) approved Hydroxychloroquine. This regime is meticulously designed with clinical relevance for the ayurvedic intervention therapy on war footing to cope with COVID-19 infection.” <a href="https://www.freepressjournal.in/business/clinical-trials-for-ayurvedic-cure-of-covid-19-are-underway-says-patanjalis-acharya-balkrishna">he said in an interview.</a> There are several other <a href="https://indianexpress.com/article/cities/chandigarh/ayurveda-medicine-trial-to-begin-on-asymptomatic-covid-19-patients-in-chandigarh-6402458/">Ayurvedic medicine trials</a> currently taking place in India. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/coronavirus-myths-and-facts-here-are-some-rumours-about-covid-19-that-arent-true/articleshow/74487962.cms">Coronavirus myths and facts</a> <a href="https://www.businessinsider.in/india/news/data-of-coronavirus-patients-state-wise-in-india/articleshow/74669748.cms">Coronavirus cases in India state wise</a> <a href="https://www.businessinsider.in/topic/coronavirus">Coronavirus News and Updates</a>

A renowned doctor in Gurugram is recommending spices as cure for Covid-19 – take it with a pinch of salt

<ul><li>The outbreak of coronavirus has disrupted businesses and the experts now expect a global recession. </li><li>Several countries like the US, Australia and European countries have therefore introduced measures to protect jobs and revive the economy. </li><li>This includes the Paycheck Protection Program in the US, unlimited loans to businesses in Germany, wage subsidy in Australia and more. </li></ul>Amid the coronavirus chaos and anticipations of a global recession directly impacting jobs and the labourforce, several countries like the US, Australia and European countries have introduced measures to protect jobs and revive the economy. The Indian government introduced an array of <a href="https://www.businessinsider.in/india/news/fm-nirmala-sitaraman-announces-six-steps-for-msme-sector/articleshow/75717258.cms">relief measures for the Micro, Small and Medium Enterprises (MSMEs)</a> — including moratorium on repayments, easy loans and more — as a part of the ₹20 lakh crore stimulus package. But none of the initiatives directly worked towards job protection and incentivizing businesses, especially MSMEs so as to retain employees. The Paycheck Protection Program in the US <div type="image" title="us corona" msid="76529787" hostid="261"></div> Under the US Cares Act, the <a href="https://www.businessinsider.in/policy/economy/news/indian-billionaires-and-narendra-modi-must-protect-jobs-like-the-us-during-coronavirus-lockdowns/articleshow/75156295.cms">Paycheck Protection Programme</a> is a loan program or funding extended to the small businesses that offers to forgive loans if the companies keep all its employees on payroll for eight weeks — and that money can be used for managing employees, rent, mortgage etc. Besides that, the loans sanctioned under the <keyword id="9450124" type="UNKNOWN" weightage="20" keywordseo="paycheck-protection-programme">paycheck protection programme</keyword> require no fee, guarantee or a collateral but covers all the expenses for six months from the starting date. But a major discretion here is that these loans can be forgiven — which means that they convert to a non-taxable grant. “This sets it apart from the ones given in India. The main requirement for this kind of loan in the US is that 60% of the funds must be used for payroll and employee benefit,” Rajat Prakash, Managing Partner at Athena Legal, a law firm based in Delhi, told Business Insider. Unlimited loans to large and small businesses in Germany <div type="image" title="america" msid="76529819" hostid="261"></div> On similar lines, Germany also offered both the small and large businesses an unlimited amount of loans to help them survive the pandemic. This will also save billions of euros spent in taxes. This is targeted at <keyword id="9450123" type="UNKNOWN" weightage="20" keywordseo="protecting-jobs">protecting jobs</keyword> and the economy. "There is no upper limit on the amount of loans that the bank can issue," Financial Times <a href="https://www.ft.com/content/c1f3507c-f59c-3068-905e-f1ae4938dfe0">reported</a> citing Germany’s finance minister Olaf Scholz. Ireland and other European countries follow Other <a href="https://www.weforum.org/agenda/2020/03/covid-19-quarantine-sick-pay/">European countries</a> are also learning from the measures undertaken by Germany. For instance, Ireland too relaxed the requirements to avail statutory sickness benefits. Under the initiative, every employee, including the gig workers is eligible for a ‘temporary income’ and incentive — if they show virus symptoms. In fact, for any person testing positive for coronavirus, the illness benefits can be claimed immediately. This will also entitle them to receive a 50% increased pay. The government is encouraging the organisations to pay their absent employees as well — who are self isolating. Australia’s wage subsidy for 6 million people While Australia provides a subsidy like in Australia — where the employers can take fortnightly payment for a particular amount per eligible employee. The Australian government said that the wage subsidy scheme will create j<a href="https://www.theguardian.com/world/2020/mar/30/australia-to-subsidise-wages-of-up-to-6m-workers-in-130bn-coronavirus-plan">obs for 6 million people in the next six months</a>. That makes it $1,500 per fortnight. The Australian Tax Office will pay the amount to the businesses that have witnessed a sharp decline in turnover and profits. If India replicates... However, it might not be a good idea to implement paycheck protection or unlimited loans. Rishi Agrawal, CEO &amp; Co-Founder of Avantis Regtech, a TeamLease Company, says that India does not need a similar paycheck protection program, rather equip them with a low-cost credit system that maintains credit history and measures creditworthiness. He says that the government should in fact create a process that reduces the cost of credit for those promoters who have great credit behaviour. “Paycheck assumes a high degree of formalisation, strong institutions with checks and balances to prevent misuse and exploitation. In fact, In India if you do Paycheck, NPAs (non performing assets) will go through the roof as people will figure out a network of dummy companies with dummy employees, take loans and 'disburse' them and seek forgiveness,” Agrawal commented. See also: <a href="https://www.businessinsider.in/india/news/acharya-balakrishna-the-1-6-billion-ceo-behind-the-rise-of-patanjali-in-india/slidelist/76527837.cms">Acharya Balakrishna — the $1.6 billion CEO behind the rise of Patanjali in India</a> <a href="https://www.businessinsider.in/india/news/maharashtra-delhi-and-gujarat-to-get-most-of-pm-cares-fund-ventilators/articleshow/76525495.cms">These are the states that will get a big chunk of the 50,000 ventilators from the PM CARES Fund</a>

You Searched For "Acharya Balakrishna" and got 10 results

Government ‘sitting with its eyes shut’, says Supreme Court as Patanjali’s misleading advertisement case drags on

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Acharya Balakrishna — the $1.6 billion CEO behind the rise of Patanjali in India

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Patanjali can sell Coronil but not as 'cure' to COVID-19 says AYUSH Ministry

PTI

Fake degrees and passports: Here is the real story of Acharya Balakrishna, Ramdev's close aide and Patanjali CEO

Akanksha Jain

After storming the FMCG space, Baba Ramdev now wants you to wear “shudh desi swadeshi” jeans

BI India Bureau

FIR registered against Ramdev and Balakrishna in Bihar on Covid 19 medicine on charges of criminal conspiracy

PTI

India’s government e-marketplace now has a Make in India filter – sellers have to specify the ‘country of origin’ for products

Sanchita Dash

Amazon and Walmart's newest competitor in Indian e-commerce is a yoga guru turned entrepreneur with a mass appeal

Prabhjote Gill

A renowned doctor in Gurugram is recommending spices as cure for Covid-19 – take it with a pinch of salt

BI India Bureau

This is how the US, Germany and other European countries tried to protect jobs amidst the coronavirus pandemic

Prerna Sindwani

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