-Business Standard Indian and other generic drug firms face prospect of US legislature debating compensation for undue price rises Indian generic drug makers might, if a proposed US law comes about, need to pay a rebate to the federal Medicaid programme there when prices of their medications outpace inflation. A Bill is to be introduced in the US Senate by a member, aimed to cushion the impact on taxpayers in this manner...
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Inflation drops to 5-year low
-PTI Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five-year low of 1.77 per cent in October. The Wholesale Price Index (WPI) based inflation was at 2.38 per cent in September and 7.24 per cent in October 2013. As per data released by the government today, the food inflation fell to a nearly two-and-a-half year low of 2.7 per cent. Food inflation is on decline since May. The sharp...
More »Trademark war: ‘Khadi’ registered in Germany, Spain -Sidhartha
-The Times of India NEW DELHI: The government's efforts to promote 'khadi' are facing a trademark hurdle with the brand having been registered abroad, in countries such as Germany, as well as in India. After haldi and basmati, this is the latest instance of infringement of intellectual property rights, which is essentially traditional knowledge. What makes the task more difficult for the government is that 'khaddar' and 'khadi' are common across the...
More »WPI inflation hits 5-year low of 2.38% on cheaper food prices
-The Hindustan Times India's wholesale inflation rate plunged to 2.38% in September, the lowest in five years, aided by a sharp drop in vegetable and petrol prices, data released on Tuesday showed, rekindling hopes that the Reserve Bank of India (RBI) will cut interest rates soon. The more than one percentage point drop in wholesale inflation rates over August's 3.74% should bring cheer to the NDA government, which rode to a landslide...
More »Made in India, by small enterprises -Charan Singh
-The Hindu The Prime Minister's call for making India a manufacturing hub and creating jobs should boost small and medium enterprises as well Prime Minister Narendra Modi's ‘Make in India' campaign is creating waves both in India and abroad. Given the government's intention to boost domestic manufacturing and create new jobs, its proposal to introduce a new policy for Micro, Small and Medium Enterprises (MSMEs) deserves a closer look. While Mr. Modi's...
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