Over three dozen pharmaceutical companies have expressed their inability to continue production citing unavailability of raw material and delay in their cases seeking price increase. The health ministry, however, has held out an assurance that the government would make sure there was no shortage of medicines in the country. As many as 40 companies informed the Drug Regulatory Authority of P
Despite a slight improvement in its value, the rupee looked shaky against the US dollar on Monday, according to currency dealers in the inter-bank market. The dollar shed its weight by Rs1.28. The closing price of the greenback, as reported by the State Bank, fell to Rs275.30 from Rs276.58 the previous day. Currency dealers said there was no solid reason behind the rupee’s improved showing.
Despite a slight improvement in its value, the rupee looked shaky against the US dollar on Monday, according to currency dealers in the inter-bank market. The dollar shed its weight by Rs1.28. The closing price of the greenback, as reported by the State Bank, fell to Rs275.30 from Rs276.58 the previous day. Currency dealers said there was no solid reason behind the rupee’s improved showing.
Amid an uncertain vehicle delivery situation, Honda Atlas Cars Ltd (HACL) on Monday again raised prices of various models by Rs260,000-550,000 in less than two weeks. Some 12 days back, HACL had increased the rate by Rs300,000-550,000 due to the rupee devaluation, uncertain economic conditions and high inflation. Dealers of various assemblers offer a different schedule for the delivery of ve
Consumers must brace for another hike in electricity tariff as the government was left with no other option but to receive additional payment from consumers to retire the power sector debt hovering at Rs1,000bn. This will be in addition to a slew of other measures, including removal of subsidies and other adjustments, to retire the debt. The move is part of the government’s actions to meet prec