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Firms are mandated to change prices of medicines within 45 days of NPPA's notification.
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In most developed markets, there are reporting agencies for spot markets and generally deals took place on the over-the-counter market.
A probe finds several pharma majors in breach of the law; and in turn they blame the government.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
The DoP has moved a Cabinet note for the government to provide Rs 500 crore (Rs 5 billion) as initial capital to India Post towards starting a bank.
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The move is expected to delay the introduction of low-priced medicines in the market.
Companies asked to give data for three batches instead of one; move may lead to significant rise in development cost of generics
Majority of 'Bimaru' states register faster fall in rural poverty, while pace mostly other way round for others
Face NPPA fine for overcharging on anti-asthma drug
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According to an internal assessment of the food ministry, shared with chief ministers recently, Tamil Nadu, Kerala, Jammu & Kashmir and Himachal Pradesh will see a massive reduction in their annual grain allocation.
Besides opposing the suspension of three medicines, the sector has also questioned the process adopted by the government.
The latest price revision includes mostly cardiovascular drugs, anti-bacterials, anti-herpes, contraceptives and gastrointestinal medicines
Fearing outbreak of epidemics, the ministry is sending a high level team to review the public health measures in the area
Reaction to surge in applications, seemingly to hide identity as chit funds.
FDA inspectors visited the Mohali plant in the process of giving approval to Ranbaxy's application for Valsartan.
Data also show that several other leading domestic pharma companies have recalled their products from the US
The flood-hit religious destinations of Kedarnath, Badrinath, Yamunotri and Gangotri, where rescue operations are underway, would again record heavy rains from Thursday, the India Meteorological Department said on Friday. It also predicted "rather heavy showers" in Hemkund Sahib, another religious destination hit by flash floods and heavy rains, from Wednesday.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
The National Pharmaceutical Pricing Authority will soon notify prices of as many as 150 packs of essential medicines in line with the new pharma pricing policy, according to official sources.
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