The Food and Drug Administration of the United States has announced a plan to ban menthol cigarettes and cigars with flavors by next year. Let’s look at why the FDA is planning to ban menthol cigarettes in the country.
On 29 April 2021, the United States Food and Drug Administration had announced its plans to ban the menthol cigarettes and the cigars with flavour additives within the next year.
Xavier Becerra who is the secretary of the Department of Health and Human Services (HHS) had said in a statement that the science-based decision is the reflection of the administration of Biden in order to commit towards the improvement of the health of all Americans.
He also added saying that this step will help to tackle the differences in health in the most marginalized communities.
Reason for the Ban
In the United States, Menthol is the only flavour that is allowed to be used in cigarettes which are marketed in the country according to the 2009 Tobacco Control Act (TCA). The main reason for the ban of Menthol Cigarettes is a step taken by the agency to try to take action to reduce the addiction to tobacco and to reduce the deaths related to smoking.
In order to achieve the above goal, the Food and Drug Administration believes that the ban on menthol cigarettes would help. There are strong pieces of evidence that the ban on menthol cigarettes will help people quit smoking.
The FDA said in a statement that certain studies show that menthol increases the need for tobacco and it also leads to regular smoking, which is particularly seen in the youth and the young adults. The agency had further added saying that the menthol cigarettes will cover the unpleasant flavours and the harshness of tobacco products which leads to an increase in their consumption.
In certain studies, it is found that there are more blacks for the use of menthol cigarettes. According to The New York Times, since the year 1950, the menthol cigarettes have been marketed to the smokers of the black community in the United States.
According to a report that is noted by the FDA, In the United States, there are around 18.6 million users of menthol cigarettes and out of which 85 % of the consumption is done by black smokers and the rest are white smokers.
As per a study which was published in the BMJ Journals, around 21. 5 % of the people in the Canadian provinces had quit smoking due to the ban of menthol cigarettes in seven provinces and around 59.1 % of the smokers switched to non-menthol cigarettes.
The study had noted that the smokers of menthol cigarettes were more likely to quit smoking when compared to the non-menthol smokers to make an attempt to quit.
Even though there are likely chances for a menthol cigarette smoker to switch to non-menthol cigarettes, the ban of menthol cigarettes is associated with quit attempts at a higher rate and also quit success with menthol smokers compared to non-menthol smokers.
The study noted that the ban on menthol cigarettes has helped the menthol smokers to prevent the relapse towards smoking by the ones who had quit before the ban.
There are certain downsides as well due to the ban on menthol cigarettes. As per certain critics, the banning of menthol cigarettes may not achieve the expected results among smokers and may lead to a black market for the menthol cigarettes.
Legal and Advocacy Organization (ACLU) had written a letter to Becerra after the announcement of the FDA’s decision. In the letter, ACLU has conveyed that the ban on menthol cigarettes would lead to serious implications on racial justice.
FAQ
Is menthol FDA approved?
FDA and the U.S. Food and Drug Administration is planning To Ban Menthol Cigarettes in the United States.
Are newports menthol?
Newports is an American brand of menthol cigarettes, currently owned and manufactured by the R. J. Reynolds Tobacco Company.
What does FDA stand for?
FDA stands for Food and Drug Administration.
Conclusion
The decision of the FDA towards the ban of menthol cigarettes is a significant step taken by the commission on the health of the citizens in the country. The letter had said that the ban would trigger criminal penalties which would impact the people on the basis of colour disproportionately.
There are a lot of billionaires in the world. Billionaires play a major role in contributing to the growth of a country and its economy by indirectly reducing unemployment and poverty.
Here is the list of the top countries with most number of billionaires and the top billionaires of that country.
The United States of America is a country which is located in the Northern America. The country is commonly as the United States or the U.S. The country has a population of around 331 million and ranks third in the most populated countries around the world.
According to the International Monetary Fund, the U.S GDP is around USD 16.8 trillion. For GDP per capita at PPP, the country is ranked sixth in the world and the ninth in the world for nominal GDP per capita.
United States have around 724 billionaires in the country. The top billionaires of the country are,
Jeff Bezos with a net worth of USD 177 billion. His main source of wealth is through Amazon.
Elon Musk with a net worth of USD 151 billion. The main source of wealth is through Tesla and SPACEX.
Bill Gates with a net worth of USD 124 billion. His main source of wealth is through Microsoft.
China
China is a country which is located in the Asian continent. The official name of China is People’s Republic of China. China has a population of around 1.4 billion and it ranks 1st in the world for the most populated country. China is also world’s 3rd or 4th largest country by area.
In terms of nominal GDP since 2010 China has the world’s second largest economy. According to World Bank in terms of Purchasing Power Parity GDP China’s economy has been the world’s largest since 2014. The nominal GDP of the country is around USD 13.5 trillion.
China has around 626 billionaires in the country. The top billionaires of China are,
Zhong Shanshan with a net worth of USD 68.9 billion. His main source of wealth is through Nongfu Spring. Nongfu Spring is a Chinese bottled water and beverage company.
Nongfu Spring Products
Ma Huateng with a net worth of USD 65.8 billion. His main source of wealth is through Tencent.
Colin Zheng Huang with a net worth of USD 55.3 billion. His main source of wealth is through Pinduoduo. Pinduoduo Inc. is an agriculture-focused technology platform in China.
India
India is also a country which is located in the Asian continent. India is officially known as Republic of India. India ranks second in the most populated country around the world and India is considered to be the most populated democratic country in the world. In terms of land area, India is the seventh largest country in the world.
The Indian economy in 2019 was worth USD 2.9 trillion nominally according to International Monetary Fund. India is the fifth largest economy by market exchange rates with around USD 11 trillion. India is one of the world’s fastest growing economies.
Shiv Nadar with a net worth of USD 20.4 billion. His main source of wealth if through HCL technologies.
Germany
Germany is a country which is located in the European Continent. It is officially known as Federal Republic of Germany. The population of the country is around 83 million and 357,022 square kilometers, it is the area which is covered by the country. Germany ranks second in the most populated country in the European continent.
Germany’s economy is a social market economy. Germany is considered to have a very low level corruption, high level of innovation and high skilled labourers. Germany ranks third in the world for exporting of goods. The country ranks 1st European continent for the largest economies and ranks fourth across the globe for the largest economies.
Germany has around 136 billionaires in the country. The top billionaires of Germany are,
Beate Heister & Karl Albrecht Jr with a net worth of USD 36.1 billion. Their source of wealth is through their family operated discount supermarket chain Aldi Sud.
The largest Aldi sud supermarket located in the world opens in the German Ruhr area
Dieter Schwarz with a net worth of USD 22.6 billion. The main source of wealth is through multinational retail grocery shops Schwarz Gruppe.
Susanne Klatten is the BMW heiress with a net worth of USD 21 billion. The main source of wealth is through BMW, Atlanta Nordex and SGL Carbon.
Russia
Russia is a country which is located in the European continent and is also known as Russian Federation. In terms of land area, Russia ranks 1 among the world’s largest countries. The land area Russia covers is around 17, 125, 191 square kilometers. The population of Russia is around 146.2 million which makes it the most populated country in Europe and the country ranks 9th in the most populated countries around the world.
Russia has an economy which is a transition of upper-middle income. The country is considered to have enormous amount natural resources. Their natural resources include oil and gas. Russia ranks 6th in the world in terms of largest economies by PPP GDP and ranks 7th in the world in terms of largest economy by nominal GDP. Russia’s GDP per capita by PPP is around USD 29, 485 as of 2021, according to International Monetary Fund.
Russia has around 117 billionaires in the country. The top billionaires of Russia are,
Alexey Mordashov and family have a net worth of USD 29.1 billion. Mordashov has the majority shareholding in the steel company Severstal.
Vladimir Potanin with a net worth of USD 27 billion. His main source of wealth is through metals.
Vladimir Lisin with a net worth of USD 26.2 billion. The main source of wealth is through steel and transport.
Hong Kong is a country that is situated in the Asian Continent. It is one of the countries which has a very high population around the world and a economy that is capitalist mixed service. The country has a very minimal intervention in the market by the government, low taxation and an international financial market that is well established.
Hong Kong has a nominal GDP of USD 373 billion which makes its economy 35th largest in the world. Hong Kong has around 71 billionaires in the country. The top billionaires of Hong Kong are,
Li Ka-shing with a net worth of USD 35.4 billion.
Lee Shau Kee has a net worth of USD 30.5 billion.
Henry Cheng and family with a net worth of USD 22.1 billion.
Brazil
Brazil is known as the Federative Republic of Brazil. In both Latin America and South America, Brazil is the largest country. The country also has the largest economy in Latin America and has the 7thlargest economy in the world.
Brazil has around 65 billionaires in the country. The top billionaires are,
Jorge Paulo Lemann with a net worth of USD 16.9 billion.
Eduardo Saverin with a net worth of USD 14.6 billion.
Marcel Herrmann with a net worth of USD 11.5 billion.
Canada
Canada is a country which is located in North America. It is the second largest country in the world. Canada has the 10th largest economy in the world. USD 1.73 trillion is the approximate value of the nominal GDP of Canada.
Canada has around 64 billionaires in the country. The top billionaires are,
David Thomson and family with a net worth of USD 41.8 billion.
Joseph Tsai with a net worth of USD 11.6 billion.
Tobi Lutke with a net worth of USD 9.8 billion.
United Kingdom
United Kingdom is a country that is located in the European continent. The country’s economy is a partially regulated market. In Europe, UK is the second largest economy after Germany and around the world UK has the 5thlargest economy.
UK has around 56 billionaires. The top billionaires are,
James Ratcliffe with a net worth of USD 17 billion.
Hinduja Brother with a net worth of USD 14.9 billion.
Michael Platt with a net worth of USD 13 billion.
Italy
Italy is a country which is located in the European continent. The economy of Italy is an advanced capitalist mixed economy. In the Eurozone, Italy has the third largest economy and worldwide it has the 8thlargest economy. The country is considered as the most industrialized nation.
Italy has around 51 billionaires in the country. The top billionaires are,
Giovanni Ferrero and family with a net worth of USD 25.2 billion.
Leonardo Del Vecchio and family with a net worth of USD 17.9 billion.
Stefano Pessina with a net worth of USD 13.4 billion.
Japan
Japan is an Island country which is located in the Asian continent. Japan is the 11th most populated country in the world. In terms of nominal GDP after United States and China, Japan has the 3rdlargest national economy.
Japan has around 49 billionaires in the country. The top billionaires are,
Tadashi Yanai with a net worth of USD 48.7 billion.
Masayoshi Son with a net worth of USD 34.9 billion.
Takemitsu Takizaki with a net worth of USD 32 billion.
Taiwan
Taiwan that is officially known as Republic of China is a country in the Asian continent. The country has been called Taiwan Miracle because of its quick industrialization and rapid growth. This was mainly during the latter half of the 20th century.
Taiwan has 47 billionaires in the country. The top billionaires are,
Wei Ing-chou who has a net worth of USD 7.2 billion.
Ying-Chiao who has a net worth of USD 7.2 billion.
Australia is officially known as the Commonwealth of Australia. It is a sovereign country located in the Australian continent. The 6thlargest country around the world is Australia. It is considered to be a wealthy country with a very low rate of poverty and high GDP per capita.
Australia has 44 billionaires in the country. The top billionaires are,
Gina Rinehart with a net worth of USD 14.8 billion.
Harry Triguboff with a net worth of USD 9 billion.
Anthony Pratt with a net worth of USD 6.8 billion.
South Korea
South Korea is officially known as the Republic of Korea. It is a country which is located in the east of the Asian continent. South Korea’s economy is a mixed economy and in terms of the nominal GDP South Korea ranks 10th around the world. It has a high-income economy which makes it a developed country.
South Korea has 43 billionaires in the country. The top billionaires are,
Jay Y Lee who has a net worth of USD 11.2 billion.
Kim Beom-SU who has a net worth of USD 7.6 billion.
Seo Jung-Jin who has a net worth of USD 7.4 billion.
France
France is known as French Republic. It is a country which is located in the European continent. In terms of PPP GDP France is ranked as the 10th largest in the world and is ranked 2ndlargest in the European Union in terms of PPP GDP. France’s economy is a diverse economy with a domination towards the service sector.
France has around 42 billionaires in the country. The top billionaires are,
Bernard Arnault with a net worth of USD 76 billion.
Francoise Betterncourt with a net worth of USD 49.3 billion.
Francois Pinault with a net worth of USD 29.7 billion.
Sweden
Sweden is officially known as the kingdom of Sweden. It is a country which is located in the European Continent. In terms of GDP, It is the 16th richest country in the world. A high standard of living is experienced by the citizens of Sweden.
Sweden has around 41 billionaires in the country. The top billionaires are
Stefan Persson with a net worth of USD 15.6 billion.
Hans Rausing and family with a net worth of USD 12 billion.
Jorn Rausing has a net worth of USD 8.7 billion.
Switzerland
Switzerland is officially known as Swiss Confederation. It is a country that is located in the European continent. Switzerland has lands in all the four sides of their border and hence called as landlocked country. Switzerland has a high-tech economy which is stable and prosperous. It has been ranked as one of the least corrupted countries around the world.
Switzerland has around 40 billionaires in the country. The top billionaires are,
Gianluigi and Rafaela Aponte with a net worth of USD 10.7 billion.
Guillaume Pousaz with a net worth of USD 9 billion.
Ernesto Bertarelli with a net worth of USD 8.6 billion.
Thailand
Thailand is officially known as the Kingdom of Thailand and was formerly known as Siam. The country is located in the Asian continent. Thailand is considered to be a newly industrialized country and is an emerging economy.
Thailand has 31 billionaires in the country. The top billionaires are,
Dhanin Chearavanont with a net worth of USD 18.1 billion.
Charoen Sirivadhanabhakdi with a net worth of USD 13.5 billion.
Sarath Ratanavadi with a net worth of USD 8.9 billion.
Spain
Spain is known as the Kingdom of Spain. The country is located in Europe. Spain has a capitalist mixed economy. They have the 14th largest economy around the world and 4th largest in the European Union.
Spain has 30 billionaires in the country. The top billionaires are
Amancio Ortega with a net worth of USD 81 billion.
Sandra Ortega Mera has a net worth of USD 6.7 billion.
Singapore is known as the Republic of Singapore. The country is located in the Asian continent. Singapore has a highly developed economy. The Singaporean economy is considered to be business friendly, innovative, dynamic and a free economy.
Singapore has around 27 billionaires in the country. The top billionaires are
Zhang Yongwith a net worth of USD 23 billion.
Goh Cheng Liang with a net worth of USD 21.7 billion.
Li Xiting has a net worth of USD 21.5 billion.
Turkey
Turkey is known as the republic of Turkey. The country is located in the European continent. Turkey is considered to have an economy that is upper middle-income. The country is considered as a newly industrialized country. Turkey is 20th largest around the globe in terms of nominal GDP.
Turkey also has around 27 billionaires in the country. The top billionaires are,
Erman ılıcak with a net worth of USD 3.8 billion.
Murat Ülker with a net worth of USD 3.7 billion.
Hüsnü özyeğin with a net worth of USD 2.1 billion.
FAQ
How many Trillionaires are there?
As of today, there are no trillionaires who live on earth.
Who is the wealthiest family in the world?
Walton Family – Walmart is the wealthiest family in the world with a Estimated net worth of $215 billion.
Is Kylie Jenner a billionaire?
Kylie Jenner, 23, was the youngest billionaire, but did not make the cut this year. In 2019, she was controversially named the youngest self-made billionaire in 2019.
Conclusion
These are the list of the top Countries with the most number of billionaires. Some of the other countries with the most number of billionaires are Israel with 17, Indonesia and Philippines with 15, Mexico, Norway and Malaysia with 12, Netherlands with 11, Austria and Ireland with 9, Czech Republic and Denmark with 8 and so on.
The President of a country is considered as the first citizen of that country. However, in some countries there would be a leader above the President. Some major countries are under the rule of a Prime Minister and would not have a President.
In addition to the salary, The President of India gets a lot of other benefits such as residence and other compensations. He also has special securities, a personal plane (Boeing 777-330 ERs aircraft) with Indian Air Force pilots, special cars for his travel, etc.
Here are the Salaries of Presidents of different countries.
The President of India receives the highest remuneration compared to any other Indian government officials. The President’s Salary per month is INR 5 Lakhs.
U.S.A
The President of the United States of America receives a remuneration of $400,000 (about INR 2 crores) per annum.
Afghanistan
The president of Afghanistan receives a remuneration of $13,400 (about INR 10 Lakh) per annum.
Albania
The president of Albania receives a remuneration of $ 19,665 (about INR 15 lakhs) per annum.
Algeria
The president of Algeria receives a remuneration of $ 168,000 (about INR 1.3 Crores) per annum.
Argentina
The president of Argentina receives a remuneration of $ 65,320 (about INR 48 lakhs) per annum.
Austria
The president of Austria receives a remuneration of $ 410,000 (about INR3 crores) per annum.
Bangladesh
The president of Bangladesh receives a remuneration of $ 17,100 (about INR 13 lakhs) per annum.
Brazil
The president of Brazil receives a remuneration of $ 102,524 (about INR 75 lakhs) per annum.
Central Africa Republic
The president of Central Africa Republic receives a remuneration of $ 42,524 (about INR 31 lakhs) per annum.
Chile
The president of Chile receives a remuneration of $ 196,000 (about INR 1.4 crores) per annum.
China
The president of China receives a remuneration of $ 22,000 (about INR 16 lakhs) per annum.
Columbia
The president of Colombia receives a remuneration of $ 134,676 (about INR 99 lakhs) per annum.
The president of Maldives receives a remuneration of $ 77,768 (about INR 56 lakhs) per annum.
Mauritius
The president of Mauritius receives a remuneration of $ 300,000 (about INR 2.1 crores) per annum.
Mexico
The president of Mexico receives a remuneration of $ 67,903 (about INR 49 lakhs) per annum.
Nepal
The president of Nepal receives a remuneration of $ 17,584 (about INR 12 lakhs) per annum.
Pakistan
The president of Pakistan receives a remuneration of $ 65,794 (about INR 48 lakhs) per annum.
Palestine
The president of Palestine receives a remuneration of $ 120,000 (about INR 87 lakhs) per annum.
Peru
The president of Peru receives a remuneration of $ 56,530 (about INR 41 lakhs) per annum.
Philippines
The president of Philippines receives a remuneration of $ 95,554 (about INR 69 lakhs) per annum.
Poland
The president of Poland receives a remuneration of $ 70,026 (about INR 51 lakhs) per annum.
Portugal
The president of Portugal receives a remuneration of $ 96,469 (about INR 70 lakhs) per annum.
Russia
The president of Russia receives a remuneration of $ 136,000 (about INR 99 lakhs) per annum.
Singapore
The president of Singapore receives a remuneration of $ 1,442,000 (about INR 10.5 crores) per annum.
South Africa
The president of South Africa receives a remuneration of $ 223,500 (about INR 1.6 lakhs) per annum.
Sri Lanka
The president of Sri Lanka receives a remuneration of $ 7,380 (about INR 5.4 lakhs) per annum.
Switzerland
The president of Switzerland receives a remuneration of $ 507,000 (about INR 3.7 crores) per annum.
Syria
The president of Syria receives a remuneration of $ 576,000 (about INR 4.2 crores) per annum.
Turkey
The president of Turkey receives a remuneration of $ 197,400 (about INR 1.4 crores) per annum.
United Arab Emirates
The president of United Arab Emirates receives a remuneration of $ 4,608, 273,000 (about INR 29,000 crores) per annum.
FAQ
Who decides salary of President of India?
The salary of President of India are fixed by the Parliament of India.
What is the salary of PM Narendra Modi?
The salary of PM Narendra Modi is ₹280,000 (US$3,900) per month.
What is the monthly salary of MLA in India?
The Average Monthly Salary of MLA in India is approximately 1 lakh.
Conclusion
The President of the United Arab Emirates receives the highest remuneration. The presidents of some countries receive a lot of other benefits other than Salaries. The president of The United States of America even receives a pension after the presidential term. The president also receives a budget of $100,000 for travelling and $19,000 for entertainment.
The global gaming market was valued at $ 151.55 billion in 2019 . This industry is expected to reach a value of $ 256.97 billion by 2025. It is expected to register a CAGR of 9.17% over the period (2020 – 2025). Gamer’s experience is what all the emerging comapnies are focusing at. Every company is eager to write codes for mobile phones, play station, xbox. All this will be provided to the users incorporated in a single cloud storage.
Role of Cloud Storage and Gaming
The market is driven by the emergence of cloud gaming. The idea of cloud gaming has been formed a reality with the advances in technology. The server is the place where all the games are stored , in cloud gaming. All the computation work is done here. The work includes game scene rendering, game logic processing video encoding, and video streaming. Companies like Onlive, G-Cluster, StreamMyGame, Gaikai, and T5-Labs are offering cloud gaming services that are commercial. This new sector seems to be a threat to the idea of traditional
This idea of cloud computing has prompted video game majors. Companies such as Sega, Ubisoft, Epic Games, Atari, Warner Bros, Disney Interactive studio to partnerships with Onlive. This will be done to distribute their games.
Startups in Gaming and Industry boost
The market growth is being propelled by new startups.This sector is seeing considerable activity from new comers.
Share of Hardware devices used for playing games
The outbreak of COVID-19 has given the gaming industry a boost.A survey in March 2020 shows that the video gamers in the United States have reported playing 45% more time than usual playing games.The gamers have reported playing more than usual every week amidst the lockdown. Esports is a gaming company that manages to make more than a billion dollars a year. Twitch’s first time download has seen a rise to the epidemic in March has risen to 14% in the U.S.A and a staggering 41% in Italy.
Mobile gaming has seen the biggest increase due to the Covid-19 measures all around the globe. Mobile games are expected to generate revenues of $77.2 billion in 2020.The industry will grow +13.3% this year. Reasons for choosing phone over PC:
Mobile gaming has the lowest need to entry: A smartphone is owned by more than two – fifths of the global population. Playing on mobile phone gives the added benefit of having free games.
Mobile gaming provide an option to PC cafes: The covid-19 situation has seen the closure of many gaming cafes. This forced gamers to move to phones on a temporary basis.
The mobile game developement is a lot easier than PC one : The mobile gaming had no major effects due to this .
The number of players on mobile phone will rise to 2.6 Billion in 2020. This would contain 38% who would pay . The growth in console marketing has slowed down. It has gone down from what it was in 2018. The expectations for next – gen consoles had its effect on sales of consoles in 2019. Due to this a lot of companies had to adjust their annual sales and savings.
Gaming scene in India
Indian mobile marketing has grown over the past few months. Growth of gaming has forced the manufacturers to make a lot of changes in the normal smartphones. A whole new type of Revolution. Not only the mobile industry but also the gaming industry is going through a revolution. The industry is growing from investments from players like Tencent , Nazara and Alibaba. The market value of Indian Gaming industry was around 62 Billion INR in 2019. This is expected to rise to 250 Billion INR till 2024. This growth indicates a growth in the number of jobs in this sector. By 2022 the strength of employees is expected to become 40 thousand.
The value of the gaming market in India was around 62 billion Indian rupees in 2019. This is estimated to go up to over 250 billion rupees by 2024. The industry is expected to generate 40 thousand new job opportunities by 2022. According to a survey a majority of Indians play a type of game daily. It showed that shooter and sports games were popular among men. The women preferred adventure and strategy games. Gaming in India has seen its peaks more in Mobile Gaming. With the availability of cheap and almost free internet mobile has become he best option. The industry is expected to grow a lot in the upcoming years.
Console Gaming In India
The market value of console Gaming in India is expected to reach about 291 million USD by 2022. The console gaming market is expected to be about 36.3 percent by 2022. The industry has seen a growth of 35.5 percent since 2016.
“PS4 sales have doubled in Q1 FY20 (April-June) as compared to Q4 FY19 (January-March). There has been an outstanding 200%+ growth in peripheral sales as well, which indicates an attitudinal shift, making gaming a more inclusive family entertainment option in India. May and June 2020 have witnessed the highest ever sales,” said Prosenjit Ghosh, Head of PlayStation Business, Sony India.
Seema Banerjee
