Trade generic drugs (medicines that are sold directly through distributors) are fast becoming a key segment for domestic pharma firms as volume growth slows in the overall market. Big companies like Cipla and Alkem have a significant presence in the segment but recently, players like Torrent Pharmaceuticals and Dr Reddy's Laboratories (DRL) have also entered this market. What is driving big pharma's focus on trade generics? The volume growth in the Indian Pharma Market (IPM) has come down from 5.6 per cent in FY16 to 0.1 per cent in FY23.
From a commercial standpoint, reducing the price of each SKU, particularly with a small MRP (Rs 5 or below) is often a challenge, including availability of legal tender below Re 1
The National Anti-Profiteering Authority has ordered FMCG major Nestle to deposit Rs 73.15 crore with Consumer Welfare Fund for not passing GST rate reduction benefit to consumers. Refuting the charges, Nestle said the benefits largely have been passed on by way of reduction of MRP or by way of increase in grammage.
The SET's findings have now been taken on record by the Central Bureau of Investigation which recently raided the 2008-batch Indian Revenue Service officer after it filed an FIR against him for corruption and alleged violation of rules in the raids that took place at the Cordelia cruise berthed at the Mumbai coast on October 2, 2021.
'The SJM has requested the government to bring a change in the law which will ensure MSP as the floor price for all farmers below which nobody should buy anything from them.'
The medical devices, which have been in high demand during the Covid-19 pandemic, will now see a drop in prices, as the earlier margins were up to 709 per cent for some of these products.
The company will supply the drug to major government as well as private hospitals across India, Dr Reddy's said in a regulatory filing.
The Maharashtra government has capped the prices of N-95, double and triple layer masks for suppliers and private hospitals in the wake of the Covid-19 pandemic, state health minister Rajesh Tope has said.
The government has also given permission to 20 plants to produce the antiviral drug.
Advertising industry watchdog ASCI upheld complaints against 82 campaigns in June for misleading ads, including those of Flipkart, Uber, Snapdeal, Vodafone.
The rise in excise duty will have a negative impact on FMCG companies, which FMCG companies will pass on to consumer.
Close to 202,000 new entities have registered under the GST Network
'Will you declare MSP for 100 odd crops that the farmers of India grow?'
A division bench of Justices Amjad Sayyed and Anuja Prabhudessai passed the judgment on a bunch of petitions filed by several broadcasters, like the Indian Broadcasting Foundation, a representative body of TV broadcasters, the Film and Television Producers Guild of India, Zee Entertainment Ltd and Sony Pictures Network India.
The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39 per cent to Rs 4,33,108 crore this fiscal and fall further by 27 per cent to nearly Rs 3.18 lakh crore in 2022-23. In its revised Budget (RE) estimate for the 2021-22 fiscal, the government has pegged total subsidies to be at Rs 4,33,108 crore against the actual Budget estimate of Rs 7,07,707 crore in the previous financial year. Out of which, the food subsidy is estimated to decline to Rs 2,86,469 crore in the current fiscal from Rs 5,41,330 crore in 2020-21, while petroleum subsidy is estimated to fall to Rs 6,517 crore from Rs 38,455 crore in the said period.
'All imaginary figures are pushed by government bureaucrats.' 'They never showed that the production of wheat was less this time.'
Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets milk and other dairy products under the Amul brand, will hike milk prices by Rs 2 per litre across India from July 1 due to an increase in input costs. The increase of Rs 2 per litre translates into a four per cent hike in MRP (Maximum Retail Price) which is much lower than average food inflation, GCMMF said in a statement on Wednesday. "We have increased Amul milk prices by Rs 2 per litre across all markets.
The Union government on Tuesday said it has issued 202 notices to e-commerce players for incorrect declaration of 'country of origin' on products on their platforms in the last one year. The maximum number of such violations were found with respect to electronic appliances, followed by clothing and home products. Out of 217 notices, 202 notices were issued for violations relating to 'country of origin' norm.
Joint Secretary in the health ministry Lav Agarwal said 154 new positive cases of the disease have been reported due to the transit-related history of those who attended the Tablighi Jamaat congregation. These include 23 new cases from Jammu and Kashmir, 20 from Telengana, 18 from Delhi, 65 from Tamil Nadu, 17 from Andhra Pradesh, nine from Andaman and Nicobar Islands and two from Puducherry.
The IT and ITeS sectors expect a reduction in minimum alternate tax (MAT) and dividend distribution tax in the next month's Union Budget, a senior economist said on Tuesday.
Leading milk supplier Mother Dairy has increased milk prices in Delhi-NCR and other cities by Rs 2 per litre with effect from Sunday on rising input cost. The milk prices were last revised in December 2019. Justifying the hike, Mother Dairy said that procurement cost of milk from dairy farmers has gone up by 8-10 per cent in the last one year. Other operational costs have also risen.
There have been complaints from consumers that the firm has increased the base price of products and then charged the lower GST rate, thereby keeping the MRP of products the same in pre and post tax rate cut.
The latest price revision includes mostly cardiovascular drugs, anti-bacterials, anti-herpes, contraceptives and gastrointestinal medicines
The order, issued by the Home Department, will come into effect only after guidelines are finalised, said a senior official.
India must streamline reforms, only then it will see success.
Nokia's fifth smarthphone based on Window 8 platform is chic and offers decent performance compared to peers in its range.
The Delhi Police on Friday said it has recovered 105 oxygen concentrators during raids at two upscale restaurants and arrested four people.
Up in the Sky, Helicopter Stories takes us through the exotic and even charming world that Nitin Sathe has lived as an Indian Air Force pilot, says Ajit Balakrishnan.
The regulator has asked the DTH operator to file a status report over implementation of the new tariff regime
Indian gadget freaks will be able to lay their hands on the sexy Samsung Galaxy Tab 2 and the sexier Galaxy S III by the end of this month.
HTC Radar has elegant aesthetics, sturdy build, a responsive user interface and great camera response. If the pricing is got under Omnia W's price this phone can surely be recommended.
Check out the Nikon D4 that costs almost Rs 3.5 lakh, which makes it more expensive than the original price of three Tata Nanos! Our question: Will YOU buy it?
The GST bill's draft says tax would be levied on Maximum Retail Price
BlackBerry-maker Research in Motion (RIM) on launched its new smartphone 'Curve 9220' priced at Rs 10,990, a move aimed at strengthening its presence in India, which is one of its fast growing markets.
Some of the proposals (for example trade margin calculation for imported medical devices) were not approved by the PMO and were sent back for revisions.
'We are hoping by March, the government allows us to export and give it to the private market.'
Textiles: Slaps mandatory excise duty on RMG and apparels with 40% abatement on MRP
