5 BULK DRUGS TO BE DERESERVED
Article Abstract:
The government has decided to delicence and dereserve 5 bulk drugs which were previously reserved for production exclusively by the public sector. The drugs likely to be decontrolled are tetracycline, oxytetracycline, Vitamin B1, Vitamin B2 and folic acid. Decontrolling these drugs will benefit consumers as it will lead to more competition and, as a result, bring down their prices. The imports of the drugs will also decline. The only public sector company producing these drugs, Indian Drugs and Pharmaceuticals Ltd, is on the verge of closure and has not been able to meet the requirements of consumers. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PENTIUM II IMPORT DUTY GOES UP 36 PERCENT
Article Abstract:
The computer industry is likely to be adversely affected as the import duty on Pentium II processor and Celeron chips has been raised by 36 percent. This may increase the cost of personal computers. The companies likely to be affected include Intel and Cyrix. The Department of Electronics has classified the Pentium II processor and Celeron chips under Printed Circuit Boards instead of Integrated Circuits. Intel is likely to incur an additional expenditure of Rs100 crore due to the increase in import duty. (nr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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