The move comes in the wake of many facilities of Ranbaxy in India being barred by the US Food and Drugs Administration for supplying medicines to the US.
With the Telecom Regulatory Authority of India (Trai) refusing to reserve 900-MHz spectrum for incumbent telcos, asking them to vacate the quantity held and win back through bidding, GSM operators, led by the Cellular Operators Association of India (COAI), have decided to propose a compromise formula.
Within a week of the Telecom Regulatory Authority of India giving its final recommendations on the valuation and pricing of spectrum, Chairman Rahul Khullar speaks to Business Standard on the process the regulator followed in finalising the much-debated issue.
Import alert on Ranbaxy's Mohali unit; Strides' injectible arm gets warning letter
Medicines, including antibiotics, contraceptives and anti-diabetic drugs, were found to be out of stock at various places around Delhi.
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According to sources, the company has identified smaller markets such as Peru, which do not contribute significantly to profits, where it might shut shop in the near term.
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Firms are mandated to change prices of medicines within 45 days of NPPA's notification.
A probe finds several pharma majors in breach of the law; and in turn they blame the government.
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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
Bhupendra Kumar Modi is the founder of $2-billion Spice Group.
Face NPPA fine for overcharging on anti-asthma drug
Besides opposing the suspension of three medicines, the sector has also questioned the process adopted by the government.
William S Pinckney was arrested by the Kerala police for alleged violation of the Prize Chits and Money Circulation Schemes (Banning) Act.
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
The latest price revision includes mostly cardiovascular drugs, anti-bacterials, anti-herpes, contraceptives and gastrointestinal medicines
To bring clarity, the department clearly defines terms such as promoter and competitor.
Need for much more investment; sector would like govt help
DoT decides not to scrap dual-technology telecom licences
Fearing outbreak of epidemics, the ministry is sending a high level team to review the public health measures in the area
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