-The Indian Express The finance minister plans to scrap the supply of subsidised kerosene through the public distribution system (PDS) and high time, too. To begin with, why has the kerosene subsidy needed reform for decades and yet reform never materialised? Kerosene obtained through the PDS, being cheaper, is used to adulterate diesel and petrol. Kerosene leakages in the PDS are estimated to be 40 per cent of total allocations. The diversion...
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Reforming markets, lessons from Bihar -Sukhpal Singh
-The Tribune There has been a big political rush to reform Agricultural Produce Market Committees (APMC) or agricultural markets. It is now known that most of the problems of the farm sector start and end with agricultural markets in some way or the other. The Model APMC Act 2003 provided a road map for the states to amend their APMC Acts in order to provide choice of channels to farmer for sale...
More »Spurt in vegetable prices next month may be spoiler for inflation, warns RBI
-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...
More »Govt to sell 504 drugs under 'Jan Aushadhi' -Sushmi Dey
-The Times of India NEW DELHI: From July 1, you can walk up to a chemist and ask for a 'Jan Aushadhi' brand for your medicine, with the government set to launch its own brand to sell low cost generic medicines. The Centre will procure medicines in bulk from public as well as private drug manufacturing firms and rebrand them under 'Jan Aushadhi'. These will be sold in the retail market at...
More »Patented drug price
-PTI New Delhi: The drug price regulator has sought details of patented medicines as part of a drive to fix their rates. The National Pharmaceutical Pricing Authority (NPPA) is also fixing the price ceiling for 102 drugs on the National List of Essential Medicines (NLEM) and has asked for financial data, like retail rates and the firms' turnover. On patented drugs imported or manufactured for sale in India, the NPPA has called for...
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