Govt comes out with draft rules for e-pharmacies to regulate online sale of medicines
The Union Health Ministry has released the draft rules on sale of drugs by e-pharmacies with an aim to regulate online sale of medicines across the country. It aims at providing patients accessibility to genuine drugs from authentic online portals. The draft rules on “sale of drugs by e-pharmacy” states that no person will distribute or sell, stock, exhibit or offer for sale of drugs through e-pharmacy portal unless registered. The draft notification said that any person who intends to conduct business of e-pharmacy shall apply for the grant of registration to the Central Licensing Authority through the online portal of the Central Government. However, sale of tranquillisers, psychotropic drugs, narcotics and habit forming drugs have been prohibited through these portals.
Mauritius tops India’s FDI charts again in FY18
According to RBI data, Mauritius remained the top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore, whereas total FDI stood at $37.36 billion in the financial year, a marginal rise over the $36.31 billion recorded in the previous fiscal. While FDI from Mauritius totalled $13.41 billion as against $13.38 billion in the previous year, inflows from Singapore rose to $9.27 billion from $6.52 billion. FDI from the Netherlands declined marginally to $2.67 billion as against $3.23 billion a year earlier. Provisional data for the fiscal ended March revealed that FDI into the manufacturing sector witnessed a substantial decline to $7.06 billion, as against $11.97 billion a year earlier. However, FDI into communication services rose to $8.8 billion in FY18 from $5.8 billion. The inflows into retail and wholesale trade also shot up to $4.47 billion as against $2.77 billion, while financial services too saw a rise to $4.07 billion from $3.73 billion in the previous year.
ITI Limited partners with startups to boost manufacturing of ICT, IoT and Defence Technology
ITI Limited signed agreements with leading startups and original equipment manufacturers (OEMs) covering the manufacturing of a wide range of ICT-IOT based solutions. These include civil and military advanced radar systems, advanced edge router systems, next generation 5G technology products, data storage and networking solutions, digital security solutions, advanced metering solutions, and wi-fi products and solutions. ITI Limited has also entered into an agreement with Telecommunication Engineering Center (TEC), New Delhi for establishment of state-of-the-art telecom testing labs at its Bengaluru plant to facilitate mandatory testing of imported and indigenous telecom equipment in India.