Country Financial News

Kota is gaining momentum as election campaigning in Rajasthan intensifies. Both the Congress and the BJP are blaming each other for the lack of progress in this project.

Health Ministry has released the draft National Pharmacy Commission Bill, 2023, which seeks to repeal the Pharmacy Act of 1948 and replace the Pharmacy Council of India with a national commission. The ministry put up the draft bill on its website on November 14 seeking comments from the public. The proposed bill aims to provide for a pharmacy education system that improves access to quality and affordable pharmacy or pharmaceutical education, ensures availability of adequate and high-quality pharmacy professionals in all parts of the country, promotes equitable and universal healthcare, and makes services of pharmacy professionals accessible to all citizens. The draft bill calls for a periodic and transparent assessment of pharmacy institutions, facilitating maintenance of a pharmacy register for India, and enforcing high ethical standards in all aspects of pharmacy services. It also encourages pharmacy professionals to adopt latest pharmacy research in their work and to contribute to research. The draft bill proposes flexibility to adapt to changing needs and seeks to set up an effective grievance redressal mechanism. According to the draft, the Pharmacy Ethics and Registration Board will maintain a National Pharmacy Register which will have details of pharmacy professionals to ensure transparency.

Indian railway stocks have witnessed an unprecedented surge in their stock prices over the past two years, with some stocks skyrocketing from less than ₹20 to as high as ₹100 during the bull market. This remarkable growth can be attributed to the industry's vast scale, extensive network connections, and the anticipated surge in demand for its services. India's rapid economic growth is fueling an increase in demand for both freight and passenger rail services.

Reserve Bank of India (RBI) is considering a comprehensive review of its penalty system, Business Standard reported citing a senior regulatory source. The potential changes might involve increasing the penalty amounts, this could be in accordance with the size of the regulated entities, their importance to the system, and the number of repeat offences, it added.

Blue Dart Express Limited on Monday announced that it has entered into a partnership with India Post. With this collaboration, it said, Blue Dart is introducing automated digital parcel lockers at selected post offices, offering customers an additional delivery method. 

Nordic Baltic Eight (NB8) is a regional cooperation format that includes Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The NB8 is an innovation and technological powerhouse, while India, with its increasingly strong focus on technology, offers immense opportunities for partnerships.

rules of origin for the medical devices sector remains a sticking-point in the proposed free-trade agreement (FTA) between India and the UK and the talks are on to iron out the differences, an official said. Huge potential is there in the medical devices sector in India, as it imports about 80 per cent of its requirement, with the US, Germany, China, Singapore and Netherlands being top exporters of such devices to the country. «In the medical devices sector, a lot of issues related to rules of origin are still there. Demand for customs duty concessions is also there,» the official said, adding negotiations are going on between the two countries to resolve the differences in both goods and services sectors. The government has taken steps to promote domestic manufacturing of medical devices/equipment and attract large investment in the sector.

Health Ministry has sought comments from the general public on the proposed National Pharmacy Commission Bill 2023. A draft Bill was prepared and uploaded on the website of the Ministry of Health and Family Welfare (news and highlights section) on November 14. The Bill prepared by the ministry proposes to finalise the National Pharmacy Commission Bill, 2023 for setting up the National Pharmacy Commission and repealing the Pharmacy Act, 1948. The proposed draft bill calls for a comprehensive approach towards enhancing the pharmacy education system. The draft bill emphasizes improving access to quality and affordable pharmaceutical education. The proposed Bill seks to provide for a pharmacy education system that improves access to quality and affordable pharmacy or pharmaceutical education, ensures availability of adequate and high quality pharmacy professionals in all parts of the country; that promotes equitable and universal healthcare and makes services of pharmacy professionals accessible to all the citizens. The proposed Bill encourages pharmacy professionals to adopt latest pharmacy research in their work and to contribute to research.

junta in the bordering areas of Myanmar's Chin State, the situation is still tense in Mizoram. Mizoram police, Assam Rifles have deployed adequate security along the bordering areas. In an exclusive interview with ANI, Mizoram DGP Anil Shukla said that following the incident, 75 Myanmar army personnel entered Mizoram and they have been taken back to Myanmar. «Last week, there was a major fight between the rebel forces and military junta in Myanmar leading to overrun by rebels. Because of the fight, a large number of villagers of the Kawmoi village, next to Zokhawthar, have crossed over into India temporarily,» said DGP Shukla.

Also Read: Q2FY24 earnings review: Cement companies report strong Q2 numbers, aided by lower rainfall and price hikes Meanwhile, cement prices are trending higher by 3-5%. Price hikes were taken in the month of September and October 2023 with slight roll back in some regions. Sustainability of cement prices is crucial for better profitability as fuel prices are up by 25-30% from their recent lows.

olive oil are now being sold for as much as 14.5 euros ($15.77) in some supermarkets. This has led retailers to place security tags on olive oil bottles, alongside items like spirits, cosmetics, and appliances to prevent shop-lilting and thefts, according to a Reuters report. The price of olive oil has risen by 150% over the past two years, mainly due to a scorching drought in south Europe, which is a major producer.

trump and Joe Biden — Florida Governor Ron DeSantis said that the presidency is «not a job for somebody that is pushing 80», CNN reported. DeSantis who currently trails Donald Trump in the race for the Republican nomination, sought to contrast his relative youth to former President Donald Trump, 77, and President Joe Biden, who turns 81 on Monday. DeSantis, 45, told CNN, «I just think that that's something that has been shown with Joe Biden. Father Time is undefeated.

Travis Head nearly missed the World Cup because of a broken hand. Now, he’s Australian cricket’s hero after one of the great performances in the sport’s biggest showpiece helped deliver a stunning victory.

Also read: For India to become an aviation hub, first fix airport terminal connectivity Groupe ADP operates the two airports in Paris and has stakes in TAV Airports - the Turkish company, which owns or operates airports across multiple countries from Kazakhstan to Chile. The investments were linked to GMR infrastructure, the listed company, reorganising itself into GMR Airports and the non-airport assets being separated. For the nine months ended September, total traffic at the two airports in Paris stood at 75,563,078.

Russian lawmakers want the country’s Central Bank to ditch its current retail model digital ruble in favor of a wholesale alternative.

By Rae Wee

Pat Cummins snuffed out the peerless Virat Kohli in the World Cup final, was perhaps the «sweetest moment» the Australian skipper has ever experienced on a cricket field. After becoming the fifth Australian captain to secure his country's sixth ODI World Cup here on Sunday, Cummins admitted that he has «fallen in love with 50-over format all over again». He got Kohli, who was well-set on 54, with a delivery that had an extra bounce and the premier India batter played on trying to jab it towards the covers.

TVS Capital Funds has appointed Ramesh Iyer as a Board Member. As the Vice-Chairman and MD of Mahindra Finance, Iyer's primary responsibility has been to promote inclusive growth and foster rural prosperity.

By Jorgelina do Rosario

India's loss in the ICC World Cup Final match against Australia, Trinamool Congress MP Mahua Moitra took a dig at the Bharatiya Janata Party (BJP) government, saying that the Enforcement Directorate (ED) has launched a raid on Australian Prime Minister Anthony Albanese's residence. «BREAKING NEWS: ED raids Australian Prime Minister's residence,» Moitra, who has been under fire in the 'cash-for-query' allegations, said in a post on 'X'. The BJP has often been accused by opposition parties of misusing central investigation agencies like the ED to target its political opponents. «In other news: Ahmedabad Stadium has been renamed — India loses World Cup finals at Jawahar Lal Nehru Cricket Stadium,» Moitra added in her post.

Investing.com-- Oil prices moved little in Asian trade on Monday as top importer China kept its benchmark interest rates unchanged, while an upcoming meeting of the Organization of Petroleum Exporting Countries was squarely in focus.