Pramod Thomas is a senior correspondent with Asian Media Group since 2020, bringing 19 years of journalism experience across business, politics, sports, communities, and international relations. His career spans both traditional and digital media platforms, with eight years specifically focused on digital journalism. This blend of experience positions him well to navigate the evolving media landscape and deliver content across various formats. He has worked with national and international media organisations, giving him a broad perspective on global news trends and reporting standards.
INDIA is one of the most important markets for Google and a source of incredible talent and innovation that help create and empower the company's products globally, a top official has said.
Karan Bhatia, Google's global head of government affairs and public policy, said that the company is very excited about India and its trajectory.
“India is one of our most important markets around the world. It's really a second home to us. We've been in the country for almost two decades now. We have thousands of employees there. It is both a source of incredible talent and innovation that really help create and empower Google products around the world,” he said.
It is also a dynamic market where you see an explosion in both internet usage and in new small businesses and startups, Bhatia said.
In the last nine years, he said, India has been an incredible story that has seen an explosion in the use of the internet, particularly in rural regions which are experiencing the fastest growth in penetration, and growth in terms of digital-first businesses.
“We're seeing more unicorns, more startups, more companies that are thinking digitally first. And then, you're seeing a government that really understands the important role of digitalisation, digital policies," Bhatia said.
He said across the board, there is an ecosystem that exists in India that is driving forward the country's presence in the global digital network.
"Prime minister Narendra Modi has had a digital-first mindset, from the outset. You can see the way he has encouraged the government's adoption of digital technology. You look at something like Aadhar. So, there certainly is a significant component that has been the result of the government's leadership,” he said.
Bhatia is credited with leading the negotiation of the US–Korea free trade agreement and the open skies agreement with India.
“We are excited at the Prime minister's visit for many reasons. We see a lot of opportunity for ongoing growth in that relationship on the people-to-people side, on the business-to-business side.
"I would love to see us three years from now have double the level of partnerships between the US and India in the digital space and think that’s a realistic possibility,” he said.
He said Google launched the India digitisation fund, a $10 billion investment by the tech giant in Indian companies, a couple of years ago.
"We're partnered with Jio, Airtel, and also with small new startups, which are really the source of so much innovation," he said.
Veterinary practices ordered to publish price lists and disclose corporate ownership under new CMA proposals.
Pet healthcare costs have risen at nearly twice the rate of inflation, investigation finds.
CVS Group shares surge 18 per cent as market welcomes lack of direct price controls on medicines.
Watchdog pushes for price transparency
Britain’s competition watchdog has provisionally ordered veterinary practices to publish price lists and disclose corporate ownership, aiming to give pet owners greater transparency in a sector where costs have risen at nearly twice the rate of inflation.
The Competition and Markets Authority (CMA) said on Wednesday (15) that pet owners are often unaware of prices or not given estimates for treatments that can run into thousands of pounds.
Under the proposed measures, vet businesses must publish prices for common procedures and make clear which practices are independent and which belong to large corporate chains. The watchdog also plans to cap prescription fees and ban bonuses linked to specific treatments.
“We believe that the measures we are proposing would be beneficial to the sector as a whole, including vets and vet nurses,” the CMA stated in its provisional decision report. “Providing better information for pet owners will increase their confidence in vet businesses and the profession.”
Industry reactions
The announcement triggered immediate market reactions. Bloomberg reported Shares of CVS Group, a British veterinary services provider, rose as much as 18 per cent in early London trading before paring gains, whilst Pets at Home traded up to 4.9 per cent higher. Both companies had underperformed since the CMA launched its investigation.
“While the tone of the CMA’s report is sharp, we see few surprises versus our expectations,” said Jefferies analyst Andrew Wade to Bloomberg. “The lack of pricing controls on services notably medicines must be viewed as a positive.”
The veterinary profession offered cautious support for the reforms. Dr Rob Williams, president of the British Veterinary Association, said: “At first glance, there’s lots of positives in the CMA’s provisional decision that both vets and pet owners will welcome, including greater transparency of pricing and practice ownership."
However, animal welfare charities warned of the consequences when pet owners delay treatment due to cost concerns. Caroline Allen, the RSPCA’s Chief Veterinary Officer, told BBC “Our frontline officers sadly see first-hand the consequences when people delay or avoid seeking professional help, or even attempt to treat conditions themselves."
The proposed remedies package also includes requirements for vet businesses to improve complaint processes and conduct regular customer satisfaction surveys comparing large groups with independent practices. Additionally, practices would find it easier to terminate out-of-hours contracts with third-party providers if better alternatives exist.
The CMA emphasised that vet businesses failing to comply, or those pressuring veterinarians to act in certain ways or sell specific treatments, could be in breach of the Order.
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