-Livemint.com * A third of the firms in MCA-21 database used to calculate GDP found dodgy * Results from the MCA-21 database survey were so disappointing that two reports based on it had to be junked NEW DELHI: A key database introduced in India’s new gross domestic product (GDP) series has now been found to be full of holes, raising fresh questions over the controversial and contested GDP numbers in Asia’s third-largest economy. A...
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To shield patents, firms seek information on generic drug launches -Sushmi Dey
-The Times of India NEW DELHI: In what is being seen as an attempt to delay launch of low priced generic medicines, multinational drug makers have asked the government to create a registry providing information about all drug applications pending manufacturing and marketing approval. The proposal, if accepted by the government, will help ‘big pharma’ pre-emptively challenge generic drug makers in court for allegedly infringing upon their patents and in turn blocking...
More »Supreme Court clears path for pension to rise manifold for employees in all firms -Prabhakar Sinha
-The Times of India NEW DELHI: The Supreme Court on Monday paved the way for higher pension to all private sector employees by dismissing a special leave petition filed by Employees Provident Fund Organisation (EPFO) against a Kerala high court judgment. The HC had asked EPFO to give pension to all retiring employees on the basis of their full salary, rather than capping the figure on which contribution is calculated at a...
More »MSMEs created 1.5 crore jobs a year since 2014: Survey
-The Times of India NEW DELHI: A survey of 105,347 micro, small and medium enterprises firms (MSME), has shown a growth of 13.9% in net jobs created over the last four years at 3.3% per annum. The survey conducted by the Confederation of Indian Industry (CII) said the overall job creation works out to 13.5 to 14.9 million per annum given that the total workforce size according to the Labour Bureau is...
More »Environment Ministry plugs loophole that allowed plastic waste import -Jacob Koshy
-The Indian Express PET bottles imported for processing in SEZs had increased substantially. New Delhi: The government has plugged a loophole that allowed the import of plastic waste into India for processing. “…Solid plastic waste has been prohibited from import into the country including in Special Economic Zones (SEZ) and by Export Oriented Units (EOU),” the Ministry of Environment, Forest and Climate Change (MoEFCC) said in an order made public on Wednesday. The...
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