At the fag end of 2023, the government and the regulator the Drug Controller General of India (DCGI) mandated that all drug manufacturers, irrespective of their size, would have to comply with the World Health Organization's (WHO's) Good Manufacturing Practices (GMP) norms. The manufacturers will need to obtain WHO GMP certification by this year.
Before this change, only Indian drugs meant for the US or European countries needed to ensure that they met the quality standards of developed countries. The US Food and Drug Administration (FDA) inspected manufacturing facilities of Indian drug manufacturers wanting to export to that country. Without its certification, drug manufacturers in India could not sell in the US.
Meanwhile, bad publicity is dogging another Indian manufacturing sector. Singapore and Hong Kong recently banned certain spice blends from two prominent Indian brands MDH and Everest - saying that they contained unacceptable levels of ethylene oxide (ETO), a carcinogen.
Bu hikaye Business Standard dergisinin May 07, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin May 07, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
A vision for smart, resilient, inclusive cities
In a video interview with Aneeka Chatterjee, G HARI BABU, president of the National Real Estate Development Council (Naredco), the sector's regulatory body, identifies emerging investment hotspots, and the trends and technologies shaping the industry.
Beyond hurdles
Reforms and initiatives such as Rera and PMAY are helping transform an industry plagued by problems, writes Sanke
Financing the foundations
Housing finance companies see the sector expanding with tech adoption and government backing, writes Aathira Varier
Biggest gold ETFs lose bit of glitter this year
See $3.9 bn outflow in 5 months PUNEET WADHWA New Delhi, 30 May he world's largest gold exchange-traded funds (ETFs) by assets under management (AUM) GDX, ☐ Vaneck Vectors Gold Miners ETF ($13.26 billion), and GLD, SPDR Gold Trust ETF ($61.71 billion), have seen a net outflow of $3.95 billion year to date (CYTD), S&P Global Market Intelligence said in a recent note.
US rate outlook spooks markets
Nifty falls for fifth day, longest losing streak since October 2023
Demand uncertainty may weigh on Tata Steel
The Q4 results of Tata Steel and management guidance indicated that operational difficulties in Europe and the UK continued to offset the steel major's strong domestic performance.
FPI inflows may hit $2 bn a week if BJP wins: Nomura
A victory for Narendra Modi-led Bharatiya Janata Party (BJP) in the Lok Sabha elections is likely to see foreign portfolio investors (FPIs) return to Indian shores, said analysts at Nomura, who pegged their weekly inflow to the tune of $1 to 2 billion into the debt markets till the JP Morgan index inclusion date (June 28).
Monsoon sets in over Kerala, NE
Monsoon has arrived earlier than forecast; normal monsoon onset date is June 1 for Kerala and June 5 for the Northeast states SANJEEB MUKHERJEE & AGENCIES New Delhi, 30 May The southwest monsoon on Thursday set in over the Kerala coast and parts ☐ of the Northeast earlier than the forecast, marking the start of its four-month journey over India.
Half a century is just a number as Mungeshpur makes history
If summer of 2024 is remembered for record heat amid elections, Mungeshpur will find a mention too. Ashish Tiwari travels to the Delhi-NCR periphery to feel the heat of the place which made news at over 52 degrees Celsius
THE THIRD WHEEL
While everyone's attention is riveted on electric two-wheelers and cars, e-rickshaws have proliferat putting the unorganised sector in the forefront
