trade, economy, defence and cultural cooperation were the main topics of discussion between Prime Minister Narendra Modi and Saudi Arabia's Crown Prince Mohammed bin Salman Al Sau during the latter state visit today. The two leaders also co chaired the first meeting of Strategic Partnership Council, among others Saudi Arabic. After having participated in the G 20 leaders summit in New Delhi, Saudi Arabia's Crown Prince Mohammad bin Salman held extensive talks with our prime minister and discussed shoring up bilateral trade and defence ties. Europe Economic Corridor There is cooperation to build the future of our country and create opportunities. Today we're working on the future opportunities. There is a huge agenda to be working with. We are working through this council to achieve these accomplishments. This is a big deal. This is a real big deal in a bid to stimulate economic development through enhanced connectivity and economic integration. India, along with other members of the G 20 has now entered into a historic memorandum of understanding to develop an India Middle East Europe economic corridor. This proposed corridor will comprise of two separate corridors the eastern corridor and the northern corridor. The former will connect India to the Arabian Gulf and the latter will connect the Arabian Gulf to Europe. The MOU The members intend to meet within the next 60 days to develop and commit to an action plan with relevant timetables. However, although the memorandum sets forth the political commitments of its participants, it does not create any rights obligations under international law, which means that the members are not necessarily bound by it. US President Joe Biden joined hands with Saudi Arabia's crown prince at the behest of Prime Minister Modi to solidly back the project. This also comes at a time when Italy a G7 power under Prime Minister Georgia Maloney is poised to withdraw from China's sponsored China's belt and road initiative, often called the new Silk Road, is an ambitious plan to develop two new trade routes connecting China with the rest of the world. But it's about more than infrastructure. The project has expanded to Africa and Latin America, significantly broadening China's economic and political influence. The Middle East Corridor mou comes at a time when the Chinese B project is being questioned not only outside the country but also within the country as a number of participating countries like Pakistan and Sri Lanka have no money to pay back Beijing debts due to high interest rates and are being forced to swap debt with equity in the project for N. And a day after Chandrababu Naidu's arrest, Tele activists spilled onto the roads despite prohibitory orders as this could be the beginning of a do or die battle for the party. Chandrababu Naidu is the former chief minister of an Pradesh television activists across the Pradesh after former Chief Minister Chaba Naidu was sent to Raja Central Jail late on Sunday by an a court in Vijaya and became remand prisoner 7691. The former chief minister is accused of conspiring to divert government funds meant for upskilling youth. So without producing any kind of evidence, How can you say that Chad had committed a crime or was part of some kind of a corruption in the skill development issue, So it is purely political vendetta. It is purely witch hunting, not able to face Chandra Democratically, the chief minister, Jagan Reddi, with the help of his puppet police department, had cooked up a false case without producing any kind of evidence they are trying to frame Chandra as a kind of a current politician, and yesterday they have sent him. Orders had been imposed, fearing that trouble could escalate on the ground, the said Naidu would pay for what they called his wrongful actions. Whatever the department has and whatever the train he has done, they are put before the court I, and giving the man itself is the proof that support is also strongly believe. That is, it's a strong case. Even as Chandrababu Naidu braces for a legal battle, then Finance Secretary PV Ramesh said his statement to the CD appears to have been misinterpreted and insists that all due procedure was followed by the then chief minister and his department in release of funds to the Skill Development Corporation. Politics in an Pradesh tends to be personal and nasty if for years Chan Babu Naidu took a job by Jagan Moon ready for his time in jail, it is now payback time for the the timing of the arrest of Naidu just a few months before elections, however, could be a major setback to theism for who this could be the beginning of a do or die battle. Lakshman and Venu in Pradesh Nd and the Party Junta Party is forging an alliance with the J DS in Karnataka ahead of the 2024 looks elections. A seat sharing agreement, however, is the big challenge and talks are underway between the party leaders in the state. The humiliating defeat in the recent state elections paved the way for both the JDS as well as the BJP to join hands and confront the congress that won with a thumping majority. While the alliance between the JDS and the BJP in Karnataka for the upcoming Luks Saba election has been finalised, the seat sharing agreement between the two remains unclear. BJP leader Europa has opened up about the number of seats agreed between the two, which the JDS Patriarch has denied. Hello Prime Minister is about four seats that I welcome them is strong in eight Luka seats of old Mysore region and its influence in the VOA dominated areas will strengthen the BJP. The constituencies include Cham Raj, Naar Mana, Mysore Tumour, Hassan Belu, Rural Kola and Chik Baur. The congress, however, encroached into the Js BJP vote bank in the same region during the recent assembly election. This despite BJP bagging 26 out of 28 seats in the 2019 Luks Saba election, when the Congress and the JDS had formed a pact. Gowda still thinks his party cannot be taken lightly. No, no, no. Some God's son, HD Kumar Sami, also talked about the alliance with the BJP while recollecting the time in 2006 when he joined hands with Yapa, paving the way for Bjp's first entry into south India. While the S hasn't performed well in the recent election, the BJP is looking for a helping hand like it did in 2006. Both the parties are trying to test the waters with the grand looks election that is fast approaching, but camera person Kumar Pray Bar in ban for 12 people have been injured in clashes between supporters of Tripura ruling BJP Andrada, the new party formed by erstwhile Royal Pray, the state seal district. Among the injured are several policemen who were trying to bring the mob under control. Several two wheelers have been vandalised. Workers have been accused of obstructing BJP workers from participating in a pre scheduled event which led to the clashes. There are, of course, counter claims that outsiders affiliated with the BJP were responsible for causing disturbances in the region. And the Maharaj chief minister Shinde, chaired an all party meeting today. This even as the protests demanding Marta quota reservations has only been intensifying. My colleague Ron joins us for more on this up. What are the key outcomes of this all party meet which seem to have gone on for several hours? Right. Thank you very much, Ron, for those details and the drug controller General of India has issued an alert for counterfeit cancer and liver medication. This after the World Health Organisation flagged spurious versions of the pharma's cancer injection and Gentle's liver drugs. We has more, another big blow for the Indian pharmaceutical industry after multiple alerts and foreign country alerts on Indian medicines. Indian manufactured medicines, now an alert on cancer injection et and liver medicine Deo. Now, after the alert, the drugs controller D DC or the drug regulator has issued instructions to monitor the sale of these falsified medicines. So this state drug controllers have been asked monitor the sales of these two medicines. The had said that counterfeit injections from at least eight batches are in circulation In fact, this was not just with regard to what's happening in India, but also in Turkey. Now drug regulators across the country have been asked to be vigilant and be alert. In fact, doctors and patients both have been advised to be particularly vigilant. As far as these two medicines are concerned, these fake versions are in circulation across the country. Cris, of course, is used for as I mentioned as a cancer injection, and def is used for blocked vessels as far as liver, liver ailments are concerned. So these are, of course, serious ailments we are talking about, and there could be serious health risks and ramifications if these fake or falsified medicines are consumed. The centre has tightened its nose on the pharmaceutical industry, particularly after countries like Uzbekistan and Gambia actually flagged Indian manufactured medicine. So there has been a nationwide crackdown on pharmaceuticals. Show cause notices have been issued to at least 11 drug manufacturers, and nearly 20 pharmaceuticals have been asked to shut. Their entire operations have been asked to shut in just the past six or seven months. So the government has also introduced a central quality test for drugs before they are exported to the central standardisation mechanism that's now in place for export quality drugs. The big question is, Does Indian domestic farmers also need stricter vigil? As far as fake drugs are concerned, it's a big menace. There's a fake drug empire running in India in just the past one year. Six states have you know there's been a drive against fake drugs in six states, including U, Bihar, Haryana, Pradesh, Haryana and telling spurious drug rackets have been detected across six states. Fake drugs were manufactured mostly in Haryana, and they were transported to various states, and the suppliers pasted invoices of other goods to actually fool tax officials. After this, it was a joint effort between the central drug regulator, the C, DS, CO and state drug regulators. And there was a joint drive that was launched against these fake drugs. Of course, it's a big menace, and it comes at a time when there's a lot of trust deficit surrounding Indian pharmaceuticals. Welcome back. Indian markets rally for seven straight trading sessions to hit record high levels, while the 50 50 crossed the 20,000 level for the first time since was about 400 points shy of its record high. BQ Prime's Ni Shah reports markets on a high on India's G 20 summit Being a huge success, we saw the past the 67,000 mark and the nifty hit an all time high of 20,000 and of course we saw economy sensitive stocks such as metals and infrastructure so sharply along with all heavy weights, all banking stocks at the major stock out performing through the day. So for those wondering what are the factors that have impacted the markets from the G 20 well, here is a quick round up. As per market experts, of course, they have chaired the India Middle East Europe economic corridor, launch India's digital public infrastructure framework being recognised, the agreement to triple energy capacity by 2030 India U pledging cooperation to build resilient semiconductor supply chains and a sentimental boost for markets as well, coming from the Africa Union inclusion and the adoption of the Delhi Declaration. So how will each of these factors impact markets going forward now? As per exports, the India Middle East Euro economic Corridor launch will boost trade, exports and employment, and the Digital public infrastructure alliance will ensure transfer of skills from India to other nations. Analysts also believe the agreement to triple green energy capacity by 2030 will be significant for jobs in the rural sector and the overall environment. Remember, India and US have pledged cooperation to build resilient semiconductor supply chains, and now this is crucial as economists feel this will boost manufacturing in particular for the auto sector. And now, with markets rejoicing the success of the G 20 summit, the spotlight is all on the goals that have been set. Well, it definitely seems like a great day for India, from markets on a high to cricket fans on a high, There's much rejoicing. We'll leave you with all of that. That's all we have for you. Thank you for watching.
