-The Times of India NEW DELHI: Income tax exemptions worth hundreds of crores have been given to hospitals claiming to be charitable institutes, but they may be doing little or no charity, according to a recent report of the Comptroller and Auditor General. CAG has asked for measurable parameters to assess the extent of charitable activities by hospital trusts availing tax exemptions as the public exchequer could be losing crores without...
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Why NPPA didn't wait for govt to make knee implants 'essential' -Rema Nagarajan
-The Times of India In a first for a medical device, the public interest provision in the Drug Price Control Order (DPCO) 2013 was used by the National Pharmaceutical Pricing Authority to cap the price of knee implants. The NPPA cited "exorbitant prices being charged from patients in a non-regulated market" and "a failed market system where asymmetry of information between patient and the doctor has resulted into unethical practices and...
More »Stent prices: Firms, doctors got away with looting -Rema Nagarajan
-The Times of India NEW DELHI: The Modi government's efforts to cap the price of cardiac stents exposed the nexus between stent companies and hospitals in looting the public by overcharging them. But no action has been taken against either companies or hospitals. None of them paid penalties or faced charges for colluding to cheat the public. Contrast this with the US government which has, over the years, fined the three biggest...
More »Rural job scheme will eat into food security, claims study -Padmini Sivarajah
-The Times of India MADURAI: The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), rolled out a decade ago, has impacted households and individuals in a positive as well as negative way, but the adverse impacts of the scheme could impact the nation's food security, according to an authoritative study. What may set the alarm bells ringing is the projected decline in acreage under rice cultivation in states like Tamil Nadu and...
More »Stents sold in Europe for less than Indian prices -Rema Nagarajan
-The Times of India Multinational stent companies claim that the ceiling price fixed by the National Pharmaceutical Pricing Authority (NPPA) is commercially unviable, but they are selling at far lower prices in much richer countries with smaller markets than India such as Germany, the UK, Italy and many other European countries. A look at the prices of stent brands in these countries shows that people in India have been defrauded of crores...
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