-The Times of India NEW DELHI: The Enforcement Directorate has given a clean chit to Wal-Mart, the world's largest supermarket chain, in a case related to alleged violation of Foreign Exchange Management Act (Fema), a move that may pave the way for the US retailer to pursue its India investment plans more aggressively. Earlier this week, ED wrote to the RBI, saying a case of violation could not be made out as...
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New drug policy forces many pharmacies to shut shop -Raji Reddy Kesireddy
-The Economic Times HYDERABAD: Numerous pharmacies - especially those operating on rented space - are shutting down across the country, hurt by a sharp decline in margins after the introduction of a new pricing policy for medicines and intense competition from bigger players. The new Drug Price Control Order (DPCO), which was notified on May 15, has made the prices of some 150 drugs fall steeply. Under this, companies and retailers are...
More »New drug pricing creates artificial scarcity-Shyama Rajagopal
-The Hindu Kochi: An artificial scarcity of drugs looms large with the new drug pricing regime, slashing prices for 348 essential drugs, set to prevail from July 29. Many retailers who stock medicines for a week are not picking up medicines and are keeping a minimum inventory. Some retailers said distributors were not making medicines available. It has sent medical Retail Stores into a tizzy about the fate of already available stocks. J.S....
More »Draft rules to curb acid sale
-The Telegraph The Centre today submitted in the Supreme Court a "draft model rule" to restrict sale and purchase of acid in the country following the rising number of attacks on women by criminal elements and jilted lovers. Under the draft rules, the sale of acid will be restricted to industrial use, battery dealers, school/college chemical labs and hospitals. It will be obligatory for all buyers to furnish their photo identity and...
More »Maharashtra govt to sell 30% cheaper veggies at 10 city centres
-The Times of India MUMBAI: Unable to prevent prices of vegetables and fruits from going through the roof, the state government is now promising their supply to Mumbaikars at reduced rates, a promise observers say needs to be taken with a pile of salt. Starting Monday, the government will-for the first time since 1999-sell vegetables and fruits at a price 30% lower than the current retail rate at select co-operative outlets...
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