E-PaperAiocd News
Chemists’ body flags issues relating to expired medicines stock under GST
Chemists and druggists body AIOCD, in a letter to revenue secretary, highlighted issues regarding claiming tax credit under GST on expired or recalled medicine stocks within the stipulated time of 18 months
3 min read31 Aug 2017Chemists’ lobby seeks ban on online drug sales, opposes planned govt portal
The AIOCD, which says it represents over 8 lakh chemists, has cautioned the government that the online sale of medicines will prove hazardous to public health
1 min read3 May 2017Pharmaceutical market growth was slower in Q4
Lost sales due to the ban on fixed dose combinations and price cuts in drugs under price control contributed to a slowdown in overall growth
1 min read13 Apr 2017Pharma market gets a December chill
Pharmaceutical market sales growth jumped to 15.5% in November (from 8.9% in October) but slipped to 7.2% in December
1 min read11 Jan 2017Pharma: Home market hits high note in Q2
Sales growth in the September quarter in the domestic market should look better though the risks are mainly from new drugs being brought under price control
1 min read12 Oct 2016Chemists to go on nationwide strike on Wednesday against online sale of medicines
Chemists also threaten to go on an indefinite strike in a month's time if the govt does not pay heed to their demand for banning online trade of medicines
2 min read13 Oct 2015Rift widens in pharma industry as retailers enter manufacturing arena
Chemists have started manufacturing and selling generic medicines after forming new corporate entity AIOCDL
3 min read23 Jan 2014No end to stand-off between drug makers, trade association
The trade lobby is planning to boycott an additional 30-40 drug firms from supplying products to the retail market
3 min read7 Jan 2014CCI orders drug trade body to curb anti-competitive practices
CCI directs All India Organisation of Chemists and Druggists to desist from anti-competitive practices that affect supply of drugs
2 min read12 Dec 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared