-The Hindu Parliamentary committee airs concerns over poor growth The Parliament’s Standing Committee on Commerce has questioned the country’s low manufacturing growth despite initiatives such as Make In India, Startup India and FDI reforms that are now more than two years old. The committee, led by BJP MP Bhupender Yadav, had expressed concerns about manufacturing growth averaging just 1.6% in the five years till 2015-16 and a 0.5% contraction in the sector in...
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New Zealand Negotiator at Asia Trade Pact Talks Says Countries Should Analyse TRIPS-Plus -Anoo Bhuyan
-TheWire.in The negotiator’s comments were non-committal but indicated that for now, the RCEP talks have not yet moved decisively into a TRIP-plus scenario. The chief negotiator for New Zealand, at the Asia trade pact talks in Hyderabad this week, made pointed reference to TRIPS-plus (Trade-Related Aspects of Intellectual Property Rights) provisions, saying that while the TRIPS agreement on intellectual property rights was sufficient, it was up to the countries to analyse whether...
More »The draft laws for organic foods, if cleared, will adversely affect small farmers -Chandra Bhushan
-Hindustan Times The Food Safety and Standards Authority of India’s new certification regulation is going to hinder the growth of the sector. Instead of targeting small farmers, why not make laws that require mandatory labelling of foods grown with pesticides, chemicals or GMO etc? The Food Safety and Standards Authority of India (FSSAI) recently announced the Draft Food and Standards (Organic Food) Regulations, 2017, aimed at curbing sale of fake organic...
More »Drug wrapper plan injects veg debate into medicines too -GS Mudur
-The Telegraph New Delhi: An industry body and medical experts have decried a government proposal to replace gelatin with cellulose to encapsulate drugs, calling it an impractical idea that needlessly injects the vegetarian-non-vegetarian debate into medicines. The Punjab Haryana Delhi (PHD) Chamber of Commerce and Industry today said gelatin had been used for over a century and made up 95 per cent of capsule formulations worldwide, and cautioned that the proposal to...
More »New WPI series suggests higher core inflation rate in past 6 months: CRISIL
-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a...
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