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Drugs and medical devices: ‘Price cap helped patients save around Rs 15,000 crore’

According to the estimates of the National Pharmaceutical Pricing Authority (NPPA), patients across the country have saved around Rs 15,000 crore under the government’s initiative of ensuring affordable, quality medicines for all, Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya said in a statement.

Rupee gains for sixth session; Sensex falls 300 points

The rupee has gained 143 paise in the last six trading sessions. This is the sixth straight session of gains for the domestic unit as the US dollar weakened against some currencies overseas.

Delhi airport charges raised seven times

GMR Infra-run Delhi International Airport (DIAL) had sought a hike in UDF on the ground that the current tariffs were below the base airport charge set out in the government agreement.

IL&FS misses Rs 57.29-crore repayments

Prior to this, IL&FS on Monday said it defaulted on principal and interest of over Rs 307 crore with respect to deposits from MUDRA (Micro Units Development & Refinance Agency) due on November 17.

EPFO: 9.73 lakh new members in September; rest 12 months’ data revised down

With the series of revisions, the enrolment numbers for September 2017-March 2018 now stand at 29.77 lakh, 24.4 per cent lower than the first estimate of 39.35 lakh (as per government release dated May 25).

Committee on RBI reserves in a week

The committee may have members from outside the government and the RBI to look into these issues, sources said. The composition of the committee will be decided jointly by the finance ministry and the RBI.

Economic constraints making duty elimination difficult: Commerce Ministry

Government sources in know of the matter told The Indian Express that India has also invoked the fact about US imposition of import tariff on steel and aluminum to protect its domestic industries as an import of 30-35 per cent of their requirements was considered a national economic and security risk.

RBI reserves: Revaluation gain not to be considered

The considered view is that the gains recorded because of revaluation or owing to changes in the price of securities are notional and it would be prudent not to transfer funds from this reserve.

Rupee gains for 6th straight session, rises 21 paise

The local unit, however, pared the initial gains and finally settled the day at 71.46 to the US dollar, up 21 paise.

Jazeera Airways to connect New Delhi with Kuwait from December

Jazeera Airways, which commenced operations in India last year, currently flies to Hyderabad, Mumbai, Kochi and Ahmedabad from the Gulf nation.

YES Bank shares slump 6.5 % after independent director’s resignation

At NSE, shares of the company slumped 6.44 per cent to Rs 191.60 apiece. The stock was the worst hit among the blue chips on both the key indices during the morning trade.

RBI board decision to extend timeline for banks to meet capital norms ‘credit negative’: Moody’s

Amid growing tension between the government and the central bank, the RBI board met Monday and discussed issues to boost funding to MSMEs and ease capital pressure on banks.

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