Theresa May suffers second Brexit bill defeat
PTI UK Prime Minister Theresa May suffered her second Brexit defeat in a week after the Parliament's upper house voted to authorise lawmakers to veto the final outcome of her EU talks, putting her under more pressure to meet the March-end deadline to start the withdrawal process. After a three-hour debate, the House of Lords voted 366 to 268 to back calls for a "meaningful vote" on the final terms of withdrawal from the 28-member European Union. Peers yesterday amended the legislation that will authorise May to notify the EU of the UK's intention to leave and pave the way for official Brexit talks to begin. Ministers said the amendment was "disappointing" and they would seek to overturn ...
India is 5th largest in fake goods exports, China first
The Dollar Business Bureau The fifth largest exporter of fake goods globally is India, while China holds the first place with 63 percent share in estimated half a trillion market of pirated and counterfeited goods. According to a study by EUIPO (European Union Intellectual Property Office) and OECD (Organization Economic Cooperation and Development), China tops the list of countries exporting fake goods globally, followed by Turkey, Singapore, Thailand and India. The products made in China accounted for 63.2 percent of the half a trillion fake goods market while the Turkey’s share accounted for 3.3 percent. It was then followed by Singapore’s share with 1.9 percent, Thailand with 1.6 percent share and India with 1.2 percent share, respectively. The country that was hit hard by these ...
Generic drug market to cross $27.9 billion by 2020: study
The Dollar Business Bureau India’s generic drug market is expected to cross $27.9 billion and would account for 85% share in the domestic drug market by 2020, according to a study undertaken by ASSOCHAM and RNCOS. The current generic market size is $13.1 billion and is growing at a CAGR of about 16.3%, primarily due to approval granted by the USFDA makers and 21 drugs patent losing licenses by 2019, the study said. “Generic drugs account for 75% of the domestic pharmaceutical market by value. Drugs for cholesterol control, pain management, anticoagulant, respiratory, liver disorders, depression and lipid regulators are highly prevalent in the global market,” said the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and RNCOS. The study was conducted on ‘Generic ...
