Indian Govt | Pixr8 News

The Delhi high court has reportedly announced a ban on sale of online medicines by e-pharmacists across the country and directed the Centre and the AAP government to immediately implement the order.A bench of Chief Justice Rajendra Menon and Justice V K Rao passed the order. Delhi-based dermatologist Zaheer Ahmed complained that lakhs of medicines were being sold on the internet every day without much regulation, posing a huge risk to patients and doctors alike. Ahmed also pointed out that online sale of medicines is not permitted and is not legal under the Drugs and Cosmetics Act, 1940 and Pharmacy Act, 1948.The petitioner highlighted that even though the Drug Controller General of India in 2015 clearly directed all state drug controllers to protect the in...

The government today approved Rs 10,000 crore Fund of Funds for Startups to support them with an aim to generate employment for 18 lakh persons. "The fund is expected to generate employment for 18 lakh persons on full deployment...A corpus of Rs 10,000 crore could potentially be the nucleus for catalysing Rs 60,000 crore of equity investment and twice as much debt investment," an official statement said. The decision was taken in the Union Cabinet meeting chaired by Prime Minister Narendra Modi. "The Cabinet has approved the establishment of Fund of Funds for Startups (FFS) at Small Industries Development Bank of India (SIDBI) for contribution to various Alternative Investment Funds (AIF), registered with SEBI which would extend funding support to startups," it said. This is in line wi...

Tag: Indian Govt

Indian Govt Orders Ban on Online Sale of Medicines

Finally Indian Govt Approved Rs 10,000 Cr Fund For Startups