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Govt's generic push will dent Rs 90,000-cr branded pharma market -Veena Mani & Aneesh Phadnis

-Business Standard To make medicines cheaper, in another measure, govt added 200 drug formulations to NLEM list New Delhi/ Mumbai: Pharma companies may soon start wooing chemists as the Narendra Modi government plans to make it mandatory for doctors to prescribe pure-generic drugs, instead of branded generics as they do now. Though the plan was first announced in this year’s Budget, the prime minister spoke about it for the first time at a...

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In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman

-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...

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Govt to conduct survey on 'Hilsa' fish to save the species -Mayank Aggarwal

-Livemint.com The National Mission for Clean Ganga has decided to conduct a study on ‘Hilsa’ fish in the Ganga river for its better conservation and management New Delhi: Bangladesh’s Prime Minister Sheikh Hasina has brought 20 kg of ‘Hilsa’ fish as gift for President Pranab Mukherjee during her ongoing India visit but the species has seen a consistent decline in the country. Thus for its better conservation and management, the National Mission for...

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Rs 2 lakh limit not applicable on bank withdrawals

-PTI NEW DELHI: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday. Through the Finance Act 2017, the government has banned cash transactions of over Rs 2 lakh and said a penalty of an equal amount would be levied on the receiver. In a clarification on the newly inserted Section 269ST in...

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Loan waiver leaves Indian farmers trapped in deadly debt spiral -Bibhudatta Pradhan & Pratik Parija

-Livemint.com Narendra Modi’s election promise in Uttar Pradesh comes back to haunt as other states demand the Union govt offer an agriculture bailout package across the country New Delhi: An election promise to farmers in the politically sensitive state of Uttar Pradesh is coming back to haunt Prime Minister Narendra Modi, as other states demand the Union government offer an agriculture bailout package across the country. During the hard-fought election campaign, Modi pledged...

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