-The Telegraph There is no mention of compliance with ‘good manufacturing practices’ or the need to make inspection reports public, leaving the process of regulation vague and dependent on whims of drug inspectors This month, the Union ministry of health published the draft new drugs, medical devices and cosmetics bill to replace the antiquated Drugs and Cosmetics Act, 1940. Yet, most of the draft bill appears to be a copy of the...
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Price pinch: Editorial on the impact of inflation
-The Telegraph The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and wholesale price index inflation to be 15.18%. Food prices, which are an important component...
More »Cylinder, subsidy give-outs on a downhill since FY20 -Parvathi Benu
-The Hindu Business Line Only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19, shows data The amount of money disbursed as LPG subsidy by the Centre has been steadily coming down since 2019-20. According to the Ministry of Petroleum and Natural Gas, only ₹242 crore was transferred as LPG subsidies in FY22 compared to ₹37,209 crore in 2018-19. This was when the maximum number of...
More »Inadequate rainfall adds to misery of Jharkhand farmers -Achintya Ganguly
-The Telegraph State, which is still reeling under the impact of the Covid-19 Pandemic, is now staring at a drought-like situation: Hemant Soren Ranchi: The rainfall measurement in Jharkhand — inadequate till now — has become a matter of concern. “The state, which is still reeling under the impact of the Covid-19 Pandemic, is now staring at a drought-like situation,” a worried chief minister Hemant Soren said while addressing a gathering in Dumka...
More »The cost of misrepresenting inflation -Pulapre Balakrishnan and M Parameswaran
-The Hindu The inadequacy of monetary policy to address food-price-driven inflation has been recently flagged Globally, inflation is now the prime concern of governments, even as there is a speculation that a recession may not be far behind. In India, though, government agencies regularly announce that the country is growing at a much faster rate than most economies and presently assert that inflation is much lower. The growth performance is not so...
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