The Prime Minister's Economic Advisory Council has suggested a complex combination of three pricing models to fix retail prices of 348 essential drugs to balance industry's concerns and public health. The proposal, however, has drawn the ire of drug makers who say it is a watered down version of the health ministry's proposals. The council has proposed that for medicines facing "insufficient competition" or a monopoly-like situation, the retail price should...
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Now, consumers junk Centre for Science and Environment report-Ratna Bhushan & Sarah Jacob
Fast-food chains McDonald's and KFC, and packaged food brands like Lay's chips and Maggi noodles reported normal sales this weekend, despite a study on Friday alleging high levels of trans-fat, sugar and salts in their food on Friday. Analysts say it is natural for consumers of chips, burgers and noodles to ignore Centre for Science and Environment's warning because they know what they are getting into when they consume chips and...
More »Cut in NREGA allocation may hit FMCG firms-Meghna Maiti
The reduced allocation to the UPA government’s flagship rural programme NREGA could see revenue growth in the FMCG sector falter. Consumer staples firms have been relying on rural demand growth to bolster their top line but the reduced allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme (NREGA) for the financial year 2012-13 could see growth in FMCG sales in rural areas being crimped feel industry experts. Finance minister Pranab...
More »UP & Punjab farmers protest as private dairies cut purchase price-Madhvi Sally
Dairy farmers and contractors in western Uttar Pradesh and Punjab are on a warpath after private milk companies reduced procurement prices to take advantage of a bumper milk production. Farmers allege that companies are profiteering because they have not simultaneously reduced consumer prices. But companies say they have huge stocks of unsold milk and milk powder and a cut in procurement prices is to bring pressure on government to allow exports. Cooperatives...
More »Plan panel to set up expert group to revisit criteria for poverty
-The Pioneer The Planning Commission will constitute an expert group in three months to revisit the methodology for estimating poverty amid demand for removal of its Deputy Chairman Montek Singh Ahluwalia for pegging the poverty line at Rs 28.65 daily per capita consumption for cities and Rs 22.42 in rural areas. “The Government had taken a decision to set up a technical group to revisit the methodology for estimating poverty in a...
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