-Livemint.com * PM Modi allegedly stated that top pharma companies are bribing doctors to get ahead * Indian Medical Association asked for proof or an apology from the PM New Delhi: The Indian Medical Association (IMA) has written to Prime Minister Narendra Modi seeking clarification over his alleged statement that top pharmaceutical companies bribe doctors with women, and said that Modi should apologise if his comments are based on unverified information. “IMA takes strong...
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The corporate tax cut could undermine the promise to cap the fiscal deficit
-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
More »Many essential drugs priced much higher than manufacturing cost: WHO -Sushmi Dey
-The Times of India NEW DELHI: Around 40% of the essential medicines in India with lowest MRP are priced significantly higher than estimated production costs, an assessment by the World Health Organisation (WHO) shows highlighting the “exorbitant” profiteering by pharmaceutical companies and the scope for lowering prices of drugs. While innovative and newer drugs for cancer, hepatitis C and rare diseases are out of reach of many due to their unaffordable prices,...
More »Centre bans 328 combination drugs in setback for pharma companies
-PTI The president of the Indian Drug Manufacturers' Association said the order would have an impact on a market worth an estimated 16 billion rupees a year for such drugs, which are produced by both small and large pharma companies. New Delhi: The Indian government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing...
More »Modi's big-ticket announcement is Ayushman Bharat -Bindu Shajan Perappadan
-The Hindu Health protection scheme for 10.74 crore beneficiary families and 50 crore Indian citizens The healthcare sector has welcomed Prime Minister Narendra Modi’s announcement in his Independence Day address that the Pradhan Mantri Jan Arogya Abhiyaan, also known as Ayushman Bharat or the National Health Protection Mission (AB-NHPM), will be launched on September 25. The government-sponsored health insurance scheme will provide free coverage of up to ?5 lakh a family a year...
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