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Top economists play down fears of a harmful deflationary spiral

Top economists play down fears of a harmful deflationary spiral

first_img Top economists play down fears of a harmful deflationary spiral Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinitionUndoGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsUndoNoteabley20+ Photos Of Model Actress Brooklyn DeckerNoteableyUndoNowThisThe No. 1 Country Song of Every Year Since 1944NowThisUndo whatsapp Share whatsapp CONCERNS over a deflationary spiral are overblown, a major international financial organisation said yesterday.Many economists and policy makers have raised concerns that falling prices could lead consumers to delay purchases, reducing spend­ing and cause further falls in prices. “There is not much evidence so far that deflation has been associated with debt deflation spirals, where lower prices increase the debt burden, which in turn depresses economic activity,” said BIS economist Hyun Shin. “In the popular debate, the term deflation conjures up images of the Great Depression in the 1930s, with large output drops and mass unemployment. But the historical evidence suggests that the Great Depression was the exception rather than the rule. “Deflations – defined simply as declines in the price of goods and services – have been quite common in the sample period from 1870. The 38 economies examined in the study have spent roughly 18 per cent of the time in deflation. “That said, deflations became far less common and more short-lived after the Second World War.” However, the researchers did find that episodes of falling property prices are associated with much larger drops in output. Tags: NULLcenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofBest Wine Gifts & Wine Accessories at Every PriceGayotCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Express KCS Wednesday 18 March 2015 9:29 pm Show Comments ▼last_img read more

Coal miners frustrated as Trump administration suspends health study

Coal miners frustrated as Trump administration suspends health study

first_img Steve Helber/AP Log In | Learn More By Associated Press Nov. 11, 2017 Reprints Coal miners frustrated as Trump administration suspends health study GLEN DANIEL, W.Va.  — Chuck Nelson spent his life in this corner of Appalachia, working for years in the coal mines — a good job in the economically depressed area. But he says the industry that helped him earn a living cost him his health, and his wife’s, too.The 61-year-old Nelson blames his kidney and liver disease on the well water he drank for years, and his wife’s more severe asthma on dust and particles from surface mines near their home. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Politics What’s included? About the Author Reprints Associated Press What is it? STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Tags policypulmonaryresearchstatesWhite Houselast_img read more

In Pictures: Big turnout for Barnashrone National School’s 5k Run

In Pictures: Big turnout for Barnashrone National School’s 5k Run

first_imgHome News Community In Pictures: Big turnout for Barnashrone National School’s 5k Run NewsCommunityLifestyleOut and About Laois secondary school announces scholarship winners for new academic year Facebook Facebook Community TAGSBarnashrone NS WhatsApp Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ WhatsApp Council New Arles road opens but disquiet over who was invited to official opening Twittercenter_img Pinterest SEE ALSO – Ross King speaks about county final incident in national newspaper interview Pinterest Community What a great day was had here by all.Punters gathered to beautiful autumn sunshine recently to take part in the Barnashrone NS Fun RunThis was in aid of the school of the school and a substantial sum was raised.Barnashrone NS is situated just outside Mountmellick.They have 60 pupils, 3 class teachers, a learning support/resource teacher and an SNA.Prizes and refreshments were given to all who attended afterwards in the school.Our photographer Julie Anne Miller went along on the day to catch the action.Check out her pictures from the day below: RELATED ARTICLESMORE FROM AUTHOR By LaoisToday Reporter – 25th October 2018 In Pictures: Big turnout for Barnashrone National School’s 5k Run Twitter Previous articlePortlaoise ladies football reign supreme in U16Next articleFounder of Electric Picnic passes away suddenly LaoisToday Reporter last_img read more

Pyongyang’s economy faces possible stagnation

Pyongyang’s economy faces possible stagnation

first_img By Seulkee Jang – 2019.04.25 5:00pm NewsEconomy Pyongyang’s economy faces possible stagnation Tongil Market in PyongyangTongil Market in Pyongyang. Image: Daily NKNorth Korean sources are reporting that there has been a drastic reduction in the number of merchants and items available for purchase in Pyongyang, amid reports that the country’s overall economy is facing increasing problems.“Merchants are have a difficult time even in some Pyongyang markets,” said a Pyongyang-based source on April 17. “They can’t sell anything, so they increasingly can’t pay their market fees.”Merchants are required to pay 1,000 to 3,000 KPW in fees each day, but the source added that even earning this amount of money is hard for them. She pointed to the “Red Street 2-dong Market” in Pyongyang’s Potonggang District as an example.“Business is bad, so many stalls are increasingly empty,” she said. “There’s fewer than 1,000 stalls actually doing business now.”The Korea Institute for National Unification (KINU) found in 2016 that there were 2,178 stalls in that same market. The source’s report suggests that only half of the stalls are continuing to do business.Changes in Pyongyang’s markets are also evident in the goods being offered for sale. Most of what’s available for purchase is limited to food and beverages, standing in stark contrast to the range of products available in the past which included clothes, cigarettes, manufactured products and even electronic goods.“Clothes and electronic goods don’t really sell nowadays,” said the source. “More than half of the merchants just sell food and beverages. That stuff sells because people need them, but it’s hard to sell much else because people just don’t have money to spare.”There has also been a fall in the number of products entering Pyongyang recently, a separate source in Pyongyang told Daily NK. “Compared to last year, the numbers have fallen a great deal. It’s like the distribution sector has been suspended […] There are taxis and personal cars out and about, but few trucks.”“There haven’t been many new products entering Pyongyang for a long time. Areas on the Sino-North Korean border are in better shape than Pyongyang. The effects of the sanctions are particularly bad here.”The changes in what’s being sold at the “Red Street 2-dong Market,” the numbers of active merchant stalls, and the fall in distribution of goods suggests that North Korea’s economy is facing stagnation.Market prices, however, have remained steady, with one kilogram of rice selling for 4,200 to 4,300 KPW in early April. The cheapest rice goes for 3,800 KPW. Corn goes for 1,500 KPW while one block of tofu goes for 1,000 KPW. Pork is sold at 15,000 KPW, while one chicken goes for 17,000 KPW.North Korean commodity prices appeared to rise as the country experienced the perennial farm hardship period, but recently prices have remained similar to last year or even fallen.“Saying that prices in North Korea are stable just shows ignorance of the economic system here,” an additional source in Pyongyang told Daily NK.“Most people buy food, and before the sanctions people could buy rice even if prices were high. Since the sanctions came into effect, people are having trouble coming up with the money to even buy rice. Rice sellers aren’t selling as much as in the past so rice prices have fallen.”The fall in rice prices is likely due to the fall in purchasing power, experts say. Lee Seog Ki, a senior research fellow at the Korea Institute for Industrial Economics & Trade (KIET) notes that, “the fall in income may have led prices to stabilize, and the increase in demand for corn, which is cheaper than rice, may have led to rice prices staying the same.”“Recently, people are eating more corn than rice,” said the initial Pyongyang-based source. “They are using corn as a replacement because it’s cheaper.”Kim Byong Yon, a professor of economics at Seoul National University, told Daily NK that that the fall in rice prices suggests a decrease in purchasing power.“Rice is a must-have for people, so it’s the last product to feel the effect of sanctions or other external factors,” Kim said. “Clothes, electronics, cosmetics and other things have fallen in sales while foodstuffs have seen a rise. This suggests they were impacted by external factors.”Analysts also note that the North Korean government’s active economic policies have stabilized prices. The authorities are using agriculture departments and business committees to prevent rises in grain prices.The sources worry, however, that even Pyongyang may face a lack of food as government supplies of rations continue to fall.Rations were not provided in November last year. They were provided during select holidays including Kim Jong Suk’s birthday in December, Kim Jong Il’s birthday in February and Kim Il Sung’s birthday in mid-April, but not at all in March. Rations to people living in Pyongyang’s Hyongjaesan District and Sungho District are nonexistent, and even those in the central districts of Pyongyang like Taedonggang, Potonggang and Mangyongdae face unreliable supplies of rations. News RELATED ARTICLESMORE FROM AUTHOR AvatarSeulkee JangSeulkee Jang is one of Daily NK’s full-time journalists. Please direct any questions about her articles to [email protected] SHAREcenter_img North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders News US dollar and Chinese reminbi plummet against North Korean won once again News Facebook Twitterlast_img read more

U.S. banks successful in boosting revenues: Fitch

U.S. banks successful in boosting revenues: Fitch

James Langton Share this article and your comments with peers on social media However, it also notes that, while revenues were generally higher for most banks, spread income was flat or down, given the prolonged low interest rate environment. The report says that the uneven economic recovery produced modest organic loan growth. Exposure to home equity loans remains of Fitch’s top concern for U.S. banks, particularly for the largest institutions where most of these loans are concentrated, it adds. Canaccord reports record revenues, drops proposal to acquire RF Capital A review of first quarter earnings results for U.S. banks finds that they are enjoying some unexpected success at boosting revenues, but that challenges remain. A new report from Fitch Ratings says that strong mortgage banking results, driven by refinancings, and a rebound in capital markets business, drove “surprisingly solid revenue growth” for the large U.S. banks in the first quarter. Fed plays limited role in assessing climate risks for banks TD getting new head of private wealth, financial planning Related news Facebook LinkedIn Twitter Keywords Earnings,  Banking industry read more

Gluskin Sheff to acquire Blair Franklin

Gluskin Sheff to acquire Blair Franklin

first_img Keywords Wealth managementCompanies Gluskin Sheff + Associates Inc. TD getting new head of private wealth, financial planning One in five Canadian investors plans to switch wealth providers: EY study The transaction is subject to certain closing conditions, including the approval of the Toronto Stock Exchange and other regulatory approvals, which the firms say are expected in the third quarter. Boutique asset manager Blair Franklin specializes in fixed income, and has approximately $625 million in assets under management. The deal is expected to be accretive to Gluskin Sheff’s earnings per share in the first year, excluding amortization and any non-recurring items arising from the transaction. Under the terms of the transaction, 712,500 of the shares will be issued to the sellers at closing, which will be subject to a minimum one-year holding period. The remaining 1,187,500 shares will be held in escrow for two years and are subject to claw-back pursuant to a purchase price adjustment based on the assets under management at the end of this period. Following the closing, and subject to regulatory approval, Peter Zaltz, Blair Franklin’s chief investment officer, will become executive vice-president & head of fixed income and will be appointed to Gluskin Sheff’s management committee, and Thomas MacMillan, chair of Blair Franklin, will be appointed to the company’s board. “Adding the talents and portfolio offerings of the Blair Franklin team to our own outstanding team enhances our global capabilities and broadens the ways in which we can earn strong risk-adjusted returns for our clients in the fixed income markets,” said Jeremy Freedman, president & CEO of Gluskin Sheff, in a release. Share this article and your comments with peers on social media Related news Canaccord reports record revenues, drops proposal to acquire RF Capital Facebook LinkedIn Twitter Gluskin Sheff + Associates Inc., a wealth management firm serving high net worth private clients and institutional investors, is buying fixed income specialist, Blair Franklin Asset Management Holdings Inc., in a $71.8 million deal. The firms are based in Toronto. Gluskin Sheff (TSX:GS) Monday announced a deal to acquire Blair Franklin for $15 million in cash plus 1.9 million common shares, which puts the value on the overall deal at about $71.75 million based on Gluskin Sheff’s latest closing price of $29.87. James Langton last_img read more

Canada launches Emergency Preparedness Public Awareness Campaign

Canada launches Emergency Preparedness Public Awareness Campaign

first_imgCanada launches Emergency Preparedness Public Awareness Campaign From: Public Safety CanadaToday, the Minister for Public Safety and Emergency Preparedness, the Honourable Bill Blair, announced the launch of an Emergency Preparedness Public Awareness Campaign.Ottawa, OntarioAs we continue the fight against COVID-19, we still remain at risk of other disasters including natural hazards, flooding, storms, and wildfires.Today, the Minister for Public Safety and Emergency Preparedness, the Honourable Bill Blair, announced the launch of an Emergency Preparedness Public Awareness Campaign. The campaign aims to protect Canadians, their homes, and their communities by focusing on concrete actions that they can take to better prepare against the risk of natural disasters and emergencies.Canada’s expansive geography, diverse topography and contrasting climates bring a range of natural hazards that often vary from region to region. Only one in ten Canadians have taken steps to reduce the risk of their home being affected by a weather-related emergency or natural disaster. It is important that Canadians are aware of the risks in their region, and how to be ready for different situations.Building awareness and understanding of disaster risks is an important priority under the Emergency Management Strategy for Canada: Toward a Resilient 2030 and aligns with the Government’s recent commitment to develop a national climate change adaptation strategy, in which Public Safety Canada and other federal departments like Natural Resources Canada and Environment and Climate Change Canada will play a key role.Quotes“The Government of Canada is proud to launch a national public awareness campaign on the importance of emergency preparedness. This emergency preparedness campaign will encourage people to learn about the risks they face in their area and encourage all Canadians to take action to mitigate these risks.”– The Honourable Bill Blair, Minister of Public Safety and Emergency PreparednessQuick factsThe campaign will be rolled out on digital platforms in March 2021, followed by a second phase this spring/summer with radio ads. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:building, campaign, Canada, climate change, covid-19, digital, disaster, Emergency, Emergency Management, emergency preparedness, environment, Government, Minister, Ottawa, public awareness, resourceslast_img read more

Early Arrival Recommended For CU-Boulder Commencement May 6

Early Arrival Recommended For CU-Boulder Commencement May 6

first_img Published: May 1, 2005 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail People attending the University of Colorado at Boulder commencement ceremony May 6 at 8:30 a.m. in Folsom Stadium will join a crowd of about 20,000 and should plan an early arrival. No tickets are required for the ceremony, which will be held in Folsom Stadium regardless of the weather. The majority of the parking for the ceremony will be in lot 436 on Regent Drive, just south of Colorado Avenue. Close-in parking and the drop-off area for those who have difficulty walking will be along Colorado Avenue, south of the stadium. People who want to use the drop-off area should do so as early as possible. Commencement planners also are encouraging use of the HOP, SKIP and Stampede buses, which run about every 10 minutes and stop near the stadium. They will be operating the morning of the ceremony. Campus parking meters are free the morning of commencement. Additional parking also is available in the Euclid Avenue Autopark, a pay parking lot on Euclid Avenue just off Broadway near the University Memorial Center and a short walk from the stadium. Additional information about campus parking is available on the Web at http://ucbparking.colorado.edu or by calling (303) 492-2322.last_img read more

Campus Q&A: Abby Benson, CU Government Relations

Campus Q&A: Abby Benson, CU Government Relations

first_img Published: April 6, 2015 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail After spending the past three years in CU’s Washington, D.C. office, Abby Benson is back on the CU-Boulder campus, now serving as Associate VP of Government Relations. We sat down with her to discuss the role of Government Relations at the university, and why campus programs benefit from working with her team.Why is Government Relations important for CU-Boulder?As the flagship campus of the University of Colorado, CU-Boulder has an obligation to serve as a steward of government resources and to participate in local and national dialogues that are important to our state and our nation. The CU Office of Government Relations (OGR) aims to help all CU campuses inform our elected officials about efforts to educate Colorado’s students, while conducting important research and outreach that contributes to the local, state, and national economy. We do this by building effective relationships and partnerships with our State and Federal elected officials government executives.Although OGR is a System office, with a team located in both Colorado and Washington and led by CU Vice President for Government Relations Tanya Kelly-Bowry, we work closely with the leadership of each CU campus to meet its specific needs.What is your role at the University of Colorado?I oversee policy for OGR, and serve as the lead point of contact for CU-Boulder on both State and Federal issues. Jordan Beezley, who just joined CU-Boulder last month, serves as the campus legislative liaison to OGR. We also work very closely with CU-Boulder Strategic Relations to ensure consistent external communications. In particular, we coordinate our efforts with Kim Calomino, the Manager of Local Government and Community Relations, who is CU-Boulder’s lead point of contact for engagement with local government, chambers of commerce and industry associations.Our collective aim is to provide feedback on proposed legislation, policy and budget proposals, and arrange visits for campus leadership, faculty, and students to meet with decision-makers throughout Colorado and in Washington, D.C. We also arrange campus visits for officials so they can see firsthand the exciting things happening at CU-Boulder.On the national level, I also represent CU-Boulder as a member of the Association of Public and Land Grant Universities (APLU) Council of Government Affairs and the Association of American Universities (AAU) Council on Federal Relations, two major national organizations representing their member institutions in Washington, D.C.What should a campus unit do if we want to invite an elected official to an event, or if an elected official contacts them?We encourage all members of the CU-Boulder community to contact us if they are engaged with an elected official or government executive. A good first step if you’re contacted by or would like to invite a State or Federal official to campus is to contact Jordan Beezley, CU-Boulder’s Legislative Liaison. If you’re interested in reaching out to the local government or a chamber of commerce or industry association, contact Kim Calomino, Manager of Local Government and Community Relations. Jordan, Kim, and I will work together to ensure you have the most effective interaction possible.In some cases, we are also required to report this information to comply with state and federal regulations. The government relations website, www.cu.edu/office-government-relations, provides information about these rules and regulations, including university guidelines on inviting elected officials to campuses, campaign-related activities by members of the University community and much more. The website is also updated regularly with state and federal legislative issues that we are working on. What do you want the CU-Boulder community to know about you?I first moved to Washington, D.C. while serving as an officer in the United States Coast Guard. I worked on maritime transportation policy, and then transitioned to the Coast Guard budget office where I began my work with Congress. When I left the Coast Guard, I was eager to get back to my roots in science–I have degrees in geology, transportation, and logistics–and have grown really passionate about science policy. I think I have the best job out there, representing such an amazing institution and engaging in state and federal policy dialogues relevant to CU-Boulder. And after living by the ocean for so long, my husband and I are enjoying the change of scenery in Boulder!Contact Abby Benson at [email protected], Jordan Beezley at [email protected], or Kim Calomino at [email protected]last_img read more

Tarnea launches SmartChains, a cloud-based software platform for pharmacy chains

Tarnea launches SmartChains, a cloud-based software platform for pharmacy chains

first_img Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Menopause to become the next game-changer in global femtech solutions industry by 2025 Read Article Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Related Posts The missing informal workers in India’s vaccine story News WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionalscenter_img Phoenix Business Consulting invests in telehealth platform Healpha Cloud-based software platform allows for real-time control, 360-degree visibility, process optimization, and enables sales to customers online and offline.Tarnea is launching a new product designed especially for pharmacy chains. Tarnea’s SmartChains is a cloud-based software platform that enables the digitalisation of all aspects of a pharmacy chain’s business, providing access to powerful data analytics and customer rewards programme to improve outlet management and guide process optimisation. The company has already started operations in three markets – Hyderabad, Visakhapatnam, and Vijayawada – offering Tarnea SmartChains to several pharmaceutical retail chains in these cities.Tarnea’s SmartChains solution provides five key benefits to retailers. It allows digital engagement with customers in real-time, including providing the ability for online and offline sales; improves operating efficiency and maximises profitability; enables rapid growth and scalability; centralises all functions; and helps guide stock transfers between outlets for inventory optimisation.Additionally, it provides owners and managers with the ability to create, launch, and manage promotional campaigns as well as customer loyalty programmes. Most importantly, it seeks to bring data analytics and business intelligence to pharmaceutical retail chains through data-driven stock optimization, product pricing, and insights that can be used to improve the effectiveness of promotional activities, through the company’s powerful EagleEye app.Tarnea’s SmartChain creates a hub and spoke model for pharmaceutical retail chain management. The central hub for operations for the chains gets 100 per cent visibility and control over all business functions of the branches, including product and stock management, discount management, customer management, business reports, etc. The individual outlet version of the platform enables in-store business operations management, which can be monitored from the central hub. The platform acts as a digital medium between the business and its customers, even providing medication reminders and electronic billing functionality, enhancing the customer experience. It also enables the pharmacy chain to provide a white-label app for customers to check the availability and price of a medicine, and even buy digitally with the option of pick-up and home delivery of medicines. Tarnea SmartChains runs on military-grade servers with top-notch data security, ensuring that the personal medical information of patients is kept safe.Commenting on the launch, Suresh Satyamurthy, CEO and Co-founder, Tarnea Technologies, said, “At Tarnea, we believe that the way a brick-and-mortar pharmacy operates can dramatically be improved through the introduction of data-driven analysis of business performance. This allows these businesses to constantly improve themselves, providing a better class and level of service to their customers. We are pleased to bring data analytics, business intelligence, and cutting-edge technology to a sector that is the most immediate point of contact for people looking for healthcare.”In addition to the above-mentioned features, Tarnea’s SmartChains platform further provides automated compliance management and e-payment functionality to bring their processes up to the standards of the future. With this product, Tarnea is planning to target Guntur in addition to the existing markets the platform is available in, and plans to look at markets in Tamil Nadu, Delhi-NCR, and Mumbai. Share Tarnea launches SmartChains, a cloud-based software platform for pharmacy chains MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” By EH News Bureau on April 26, 2018 last_img read more