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80% of medicines not covered by price control order -Rema Nagarajan

-The Times of India About 38 million people in India (which is more than Canada's population) fall below the poverty line every year due to healthcare expenses, of which 70% is on purchase of drugs. Yet, the much-awaited drug price control order (DPCO) 2013, meant to control the price of medicines does not cover over 80% of the medicines in the market. Many drugs crucial for India's disease profile have been...

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Inflation eroding savings of Indians living in metros: Survey

-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham...

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Panic buying in 3 states over rumours of salt shortage -Aloke Chatterjee

-The Hindustan Times Patna: Panic-stricken people in Meghalaya today rushed to grocery stores and purchased salt at exorbitant prices following wild rumours that the commodity was in short supply. In neighbouring West Bengal, similar rumours sent people in Siliguri, Darjeeling and Jalpaiguri districts rushing to stores and buy salt at Rs100-150 a kg since Thursday night. In Bihar, where it all started, the police arrested 21 persons on charges of hoarding and...

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Veggie prices push inflation to 10.09%

-The Hindustan Times Prices of almost all everyday products and services - from food to footwear and movie tickets to medicines - saw a sharp rise in October, pushing retail inflation to 10.09%, the highest in seven months. Costlier onions and tomatoes saw retail inflation - a measure of prices that are asked of you at a shop - cross the double-digit mark for the first time in seven months, indicating Indians...

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Prices of onion, tomato continue to rule high in NCR

-PTI Tomato and onion prices arecontinuing to rule high at Rs. 60-80 per kg in retail markets of the national capital region despite improved supplies and fall in wholesale prices. Tomatoes are being sold at Rs. 60-70 per kg, while onions are available at high rate of Rs. 70-80 per kg. Prices of another kitchen staple, potato, have also risen to Rs. 40-44 per kg. Potato, onion and tomatoes are the three most...

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