-The Times of India NEW DELHI: Cancer medicines and stents may soon be available at a substantially lower price. The health ministry is working on a model to procure such drugs in bulk at a negotiated price and supply them to hospitals and consumers through its own retail system like 'Jan Aushadhi' stores. . The idea is to bring down prices of expensive cancer drugs and stents while not putting pressure on...

-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...

-Livemint.com Team of civil servants makes presentation at PMO about plans, briefs top officials of NITI Aayog on strategy New Delhi: Undeterred by opposition from trade unions, the Narendra Modi government appears to have made up its mind to pursue labour reforms to boost manufacturing that could potentially absorb millions of workers in a country that will have the world’s largest workforce within the next 15 years. The labour ministry is understood...

-The Hindu Overall, industry bodies are positive about the ongoing contraction in inflation, but there is some wariness regarding deflation. Wholesale price inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...

-The Hindu Business Line NITI Aayog’s Arvind Panagariya on why allowing the Ordinance on land acquisition to lapse will not hinder the reforms process “With the lapse of the Ordinance amending the Land Acquisition Act, 2013, it is an opportune time to take a fresh look at the land acquisition issue and look for ways forward,” Arvind Panagariya, Vice-Chairman, NITI Aayog, wrote in his blog. Tasked with the responsibility of setting up...