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India to export 8m Covid-19 jabs in October

India to export 8m Covid-19 jabs in October

INDIA will export eight million coronavirus vaccine jabs by the end of October after ending its ban on sending doses abroad, a top foreign ministry official has said.

Prime Minister Narendra Modi promised to resume exports at a meeting of leaders from the so-called Quad in Washington as India, Japan, Australia, and the US try to counter growing Chinese influence across the Asia-Pacific region.


Foreign secretary Harsh Vardhan Shringla told reporters on Saturday that most of the eight million doses of the Johnson & Johnson single-shot vaccine will be sent to Asia-Pacific countries.

"This would be ready by the end of October. This is an immediate delivery, from the Quad into the Indo-Pacific region," Shringla told reporters.

India is one of the world's biggest vaccine producers and had pledged earlier this year to export one billion Covid-19 jabs by December 2022.

But New Delhi halted exports in May after a devastating coronavirus wave ravaged the country.

India lifted its vaccine export ban this week with new Covid-19 infections and deaths slowing down.

The country suffered weeks of vaccine shortages as a coronavirus surge between March and May killed at least 250,000 and infected tens of millions of people.

It has now administered nearly 840 million vaccine doses. Nearly half of the adult population has had at least one jab and with 16 per cent receiving a second dose.

(AFP)

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Lakshmi Mittal quits Britain for Switzerland and Dubai over inheritance tax concerns

Highlights

  • Lakshmi Mittal, worth over £15 bn, has moved his tax residence from UK to Switzerland with plans to spend most time in Dubai.
  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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