-The Times of India NEW DELHI: Rising apprehension that food inflation may finally begin to bite in electoral terms has seen the Manmohan Singh government press the panic button as retail prices of cereals, vegetables and pulses soar in comparison to last year. Persistent high inflation, particularly in food, is gnawing the government ahead of assembly polls in four major states later this year and the 2014 Lok Sabha election, a concern...
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Sharad Pawar not in favour of onion export ban
-PTI NEW DELHI: Amid rising onion prices hurting consumers, Agriculture Minister Sharad Pawar said he was not in favour of a ban on onion exports, saying such a move will hit India's image as a global supplier of farm produce. The Minister said the rise in onion prices is a "temporary situation" as heavy rains in major producing states like Maharashtra have affected supplies. "It is not fair to ban export of any...
More »New drug pricing creates artificial scarcity-Shyama Rajagopal
-The Hindu Kochi: An artificial scarcity of drugs looms large with the new drug pricing regime, slashing prices for 348 essential drugs, set to prevail from July 29. Many retailers who stock medicines for a week are not picking up medicines and are keeping a minimum inventory. Some retailers said distributors were not making medicines available. It has sent medical retail stores into a tizzy about the fate of already available stocks. J.S....
More »Onion prices at two and a half year high
-PTI NEW DELHI: Onion prices jumped to two and a half year high of Rs 24 per kg due to tight supply and strong Ramzan demand. Wholesale rates at Maharashtra's Lasalgoan, the Asia's biggest wholesale market for onion, soared almost five times higher than levels at the same time last year, stoking fears of retail prices rocketing across the country. Retail prices of onion in Delhi ranged between Rs 30 and 35 per...
More »Another bitter pill for patients-Sakthivel Selvaraj
-The Hindu The current market prices are essentially over and above the actual cost of production - a difference that could run from 100 per cent to 5,600 per cent, depending upon various therapeutic categories In a liberalised market economy, do we need price controls on drugs? Policymakers and the pharmaceutical industry do not think so. They believe that price controls are an inefficient tool that distorts resource allocation, squeezes revenue, reduces...
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