-PTI NEW DELHI: To protect BPL families from price shocks due to supply constraints, Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a proposal to relaunch a scheme to supply imported pulses at a highly subsidised rate for next six months. The CCEA may also take up a proposal to extend a scheme for distribution of imported edible oils at subsided rate to BPL families for one more year...
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Small is big in Asia’s booming retail sector -A Srivathsan
-The Hindu Organised retail involving FDI and international players can lead to a shrinking of traditional small merchant trade. That is bad news for political parties and governments. When discontent among traders brews, they act. A. Srivathsan looks at how Japan, Indonesia and Thailand responded, using zoning laws and size regulation as a control mechanism. Look East to find out what happens when foreign retailers set up shop. Asia’s recent economic history...
More »Petrol price may be cut by Rs 1.6 a litre
-PTI Petrol price may be cut by about Rs 1.60 per litre later this month as appreciation of rupee against the US dollar has helped state firms make profit on the fuel. Indian rupee appreciated to five-month high since the government announced allowing foreign direct investment (FDI) in multi-brand retailing. This has eased the cost of imports for oil firms, helping them make profit on sale of petrol. "Yes, there is about...
More »Govt to bring essential medicines under price control -Kounteya Sinha
-The Times of India India will, for the first time, put a cap on the maximum price at which essential drugs, like some commonly used anti-AIDS and anti-cancer drugs, besides a horde of painkillers, anti-TB drugs, sedatives, lipid lowering agents and steroids, can be sold in the country. In a landmark decision, a group of ministers (GoM) headed by agriculture minister Sharad Pawar on Thursday cleared the proposal to bring all 348...
More »Soon, drugs may become cheaper -Rupali Mukherjee
-The Times of India MUMBAI: Consumers can look forward to a reduction in prices of essential medicines, with the Sharad Pawar-led Group of Ministers (GoM) planning to take a final decision on the pharmaceutical policy soon. The GoM will meet on September 27 to examine options under the market price-based mechanism to cap prices of drugs, which may lead to a reduction ranging from 25% to even 90% in some cases,...
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