AstraZeneca gets CDSCO nod to import and market critical anti-bleeding drug in India

AstraZeneca gets CDSCO nod to import and market critical anti-bleeding drug in India

City-based AstraZeneca Pharma India Ltd., biopharmaceutical firm, on Tuesday said it has received approval from Central Drugs Standard Control Organisation (CDSCO) for importing and marketing of Andexanet Alfa in India. Andexanet Alfa is a novel and life-saving antidote designed to reverse the effects of anticoagulant medications in emergency situations. It is well-tolerated and facilitates the … Read more

Government’s liberal import policy cause of worry for farmers: Congress

Government’s liberal import policy cause of worry for farmers: Congress

File picture of Congress General Secretary in-charge (Communications) Jairam Ramesh | Photo Credit: ANI The Congress on Tuesday said the liberal import policy of the Modi government is causing a “huge crisis” for the farmers in the country. Congress general secretary Jairam Ramesh said soyabean is being sold by farmers in Madhya Pradesh and Rajasthan … Read more

Ahead of festive season, Nepal to import 20,000 MT sugar from India

Ahead of festive season, Nepal to import 20,000 MT sugar from India

Nepal imports at least 70% sugar from India. File image for representation. | Photo Credit: REUTERS Ahead of the festive season, Nepal is set to import 20,000 metric tonnes (MT) of sugar from India, which meets at least 70% of the Himalayan country’s domestic annual demand of approximately 3,00,000 MT. In view of the upcoming festivals, … Read more

Govt. prohibits import of cigarette lighters under ₹20

Govt. prohibits import of cigarette lighters under ₹20

The government on Thursday prohibited import of cigarette lighters if the price per unit is less than ₹20, with a view to discourage inbound shipments of the product. “The import policy of cigarette lighters … is revised from ‘free’ to ‘prohibited’. However, import shall be free if CIF value is ₹20 or above per lighter,” … Read more

India faces flak at WTO over import curbs

India faces flak at WTO over import curbs

India’s decision to curb inbound shipments of certain types of tyres and ban the import of air-conditioners with refrigerants has once again come under fire at the World Trade Organization (WTO), with various countries calling these measures restrictive and discriminatory. Almost two years after India imposed these measures, the EU said that only a limited … Read more

U.S. Suspends Avocado Imports From Mexico

U.S. Suspends Avocado Imports From Mexico

Feb. 14, 2022 The United States has suspended avocado imports from Mexico because a U.S. plant safety inspector in Mexico was threatened, The Associated Press reported. The suspension started Saturday after the inspector was threatened in Michoacán, the only Mexican state authorized to export avocados to the United States.  “U.S. health authorities … made the … Read more

MedTech industry recommends MDTAG representation in Centre’s Committee to frame new drugs, medical devices act

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The Union Health Ministry has formed a committee to frame the New Drugs, Cosmetics And Medical Devices Bill for the enactment of New Drugs, Cosmetics and Medical Devices Act. Medical device industry has asked for Medical Devices Technical Advisory Group (MDTAG) representation in Centre’s committee for framing of new drugs, cosmetics and medical devices act.The … Read more

Govt caps entitlement under service export scheme during FY20 at Rs 5 crore

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The government on Thursday imposed a limit on the total entitlement under the Services Export from India Scheme (SEIS) for shipments made during 2019-20, at Rs 5 crore per exporter. Under the scheme, depending on the nature of services, the government gives duty credit scrips or a reward at 3-5% of net foreign exchange earned … Read more

Centre forms committee for framing new law for medicines, cosmetics, medical devices

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The Drugs and Cosmetics (D&C) Act, 1940 regulates the import, manufacture, distribution and sale of drugs and cosmetics. The Union Health Ministry has formed a committee to frame the New Drugs, Cosmetics and Medical Devices Bill for the enactment of New Drugs, Cosmetics and Medical Devices Act. As per the terms of reference of the order … Read more

Lower import duty likely on edible oils

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India is likely to lower the effective import duty on edible oils to provide some respite to households from rising prices. The government is considering reducing the effective import duty, which includes cess and other charges, on crude palm, soya and sunflower oil to 24.75% from 30.25% and on refined palm and soya oil to … Read more