Govt to put 30% cap on trade margin of 110 non-scheduled cancer drugs

In a move to address excessive markups on cancer drug prices, the Centre has decided to cap the trade margin at 30 per cent for 110 non-scheduled cancer drugs, including 35 patented medicines. While the list is still being finalised, it will cover branded and generic, domestic and imported, patented and non-patented medicines.

Taxman's pre-prosecution arrest powers taken away

In a bid to boost business sentiment, the Goods and Services Tax (GST) Council on Thursday approved sweeping process reforms, ranging from the removal of arrest powers from tax officers at the pre-prosecution stage to a minimum threshold of Rs 10,000 being put in place for issuance of show-cause notices effective retrospectively.

US suspends Indian IT majors from green card programme

The US government on Thursday suspended several large Indian IT firms from a key programme that allows skilled foreign workers to gain permanent residency. The administration cited alleged fraud, and claimed that foreign workers got jobs in the US at the cost of American workers.

Worst of El Niño yet to come, peak likely in December, says UN body

The Ongoing El Niño is set to peak in December and lead to above-average temperatures across large parts of the world in the coming months, the World Meteorological Organization (WMO) has warned.

Set up committee to regulate marketing practices of pharma firms, SC tells Centre

Underlining the need to regulate marketing practices of pharmaceutical companies, the Supreme Court on Thursday asked the Centre to set up a committee which would recommend to the government measures for putting in place a regulatory or statutory mechanism to curb their unethical conduct.

Anne Carson: A provocateur who blurs boundaries between genres

Poet, classicist, essayist and translator for more than four decades, the 76-year-old has used the past to clarify her thoughts about the contemporary. She has drawn on the literature of ancient Greece while refusing to be confined by forms, by the boundaries between poetry, fiction, criticism and memoir. This year's Nobel Prize in Literature acknowledges her "for her bold and inventive oeuvre that, in playful dialogue with the classical tradition, has created new forms for contemporary literature".

Service sector to working capital: Key gains from GST process reform

The push for process reforms by the Goods and Services Tax (GST) Council's recommendations on Thursday are set to have a wide-ranging impact on a number of segments of the economy, with the service sector key amongst them.

Companies beyond the service sector will also benefit from quicker availability of input tax credit and refunds, which will help unlock working capital for them.

Time to regulate AI has come, consultation paper in a month: Vaishnaw

The Centre will release a consultation paper on artificial intelligence (AI) in a month, with an aim to regulate the technology, IT Minister Ashwini Vaishnaw said Thursday. This comes amid growing anxieties over security-related risks posed by AI systems, and increasingly deceptive altered media generated through the technology compounding the issue further.