Drug pricing regulator,the National Pharmaceutical Pricing Authority (NPPA),had imposed penalties on pharmaceutical companies that have been found overcharging consumers on the prices of medicines.It was issued under the provisions of the Drug Price Control Order (DPCO). As per DPCO provisions,companies are liable to deposit overcharged amount for these drugs with interest from the date of… Continue reading When pharma cos. don’t pay up penalties
Category: Daily Factly articles
U.S. moves to get China’s support for listing Masood Azhar as a terrorist
The United States is pursuing China to support the listing of Jaish-e-Mohammad (JeM) Chief Masood Azhar by the UNSC 1267 Committee. The US, the UK and France have moved a fresh proposal in the UN Security Council to designate Pakistan-based terror group JeM’s chief Masood Azhar as a global terrorist under UNSC 1267 Committee. It… Continue reading U.S. moves to get China’s support for listing Masood Azhar as a terrorist
North Korea may be preparing for a missile or space launch: report
According to a report,North Korea might be preparing for a missile or space launch.It is based on satellite image analysis of a key facility near Pyongyang. The images are of a site known as Sanumdong.It is a facility where North Korea has assembled some of its intercontinental ballistic missiles (ICBM) and satellite-launching rockets. An intercontinental… Continue reading North Korea may be preparing for a missile or space launch: report
Swanky terminal for Kartarpur pilgrims
India has decided to construct a “state-of-the-art” passenger terminal building for the Kartarpur corridor.The passenger terminal building (PTB) complex will have all the necessary passenger amenities to facilitate pilgrims intending to visit the Kartarpur Sahib Gurdwara. The Land Ports Authority of India (LPAI) has been given the responsibility for constructing passenger terminal.Its mandate is to… Continue reading Swanky terminal for Kartarpur pilgrims
Nirav extradition to start soon: ED
UK Home Secretary has certified India’s Enforcement Directorate(ED) extradition request for fugitive diamond dealer Nirav Modi.He is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case. Extradition is simply the surrender of a criminal to one country by another.The process is regulated by treaties between the two countries.Extradition is governed by the… Continue reading Nirav extradition to start soon: ED
Release of Dictionary of Martyrs of India’s Freedom Struggle (1857-1947)
Prime minister has released the Dictionary of Martyrs of India’s Freedom Struggle in New Delhi.The dictionary consists of Information of about 13,500 martyrs which has been recorded in different volumes. The project for compilation of “Dictionary of Martyrs” of India’s Freedom Struggle was commissioned by the Ministry of Culture, to the Indian Council of Historical… Continue reading Release of Dictionary of Martyrs of India’s Freedom Struggle (1857-1947)
Only 3.32 lakh MSME jobs created in last four years, finds CII survey
According to the report on ‘Survey on Jobs Creation and Outlook in MSME Sector’ Micro,Small and Medium Enterprises(MSMEs) sector was the largest job creator amongst all the sectors in the last four years. The sectors which created employment were (a)hospitality (b)tourism, (c)textiles and apparel (d)metal products (e)Machinery parts (f)transport and (g)logistics.Further,states which created large number… Continue reading Only 3.32 lakh MSME jobs created in last four years, finds CII survey
ArcelorMittal to take over debt-ridden Essar Steel
The National Company Law Tribunal (NCLT) has approved the bid of Arcelor-Mittal for the takeover of debt-ridden Essar Steel. The approval comes after the National Company Law Appellate Tribunal (NCLAT) had directed NCLT to take a decision on ArcelorMittal’s offer for Essar Steel plant by 8 March,2019. Under Insolvency and Bankruptcy Code(IBC),National Company Law Tribunal… Continue reading ArcelorMittal to take over debt-ridden Essar Steel
Cabinet approves “FMBAP” for Flood Management Works in entire country
The Union Cabinet has approved the “Flood Management and Border Areas Programme (FMBAP)” for Flood Management Works in entire country. The Scheme “FMBAP” has been framed by merging the components of two continuing schemes which are “Flood Management Programme (FMP) and River Management Activities and Works related to Border Areas (RMBA). The aim of the… Continue reading Cabinet approves “FMBAP” for Flood Management Works in entire country
Opposition plans to take VVPAT demand to Supreme Court
Opposition parties are planning to move the Supreme Court over its demand of keeping 50% VVPATs in the counting of election results. The Opposition’s demand is for a count of 50% of the VVPAT slips,as opposed to the current system of counting VVPAT slips in one randomly selected booth of each constituency.It is aimed at… Continue reading Opposition plans to take VVPAT demand to Supreme Court
