SHANKAR IAS ACADEMY

Challenges In Pharma Trade What is the issue? The Indian pharmaceutical industry is facing challenges in both domestic as well as in international markets. What is the model of Indian Pharma industries? India is the third largest supplier of the world’s requirement of medicine. It capitalised on a strong domestic base in India through rapid product introductions, a kind regulatory and intellectual property system. Indian pharma companies chose pockets in Africa, Asia and the Middle East as natural expansion outposts. What are the challenges in Indian pharma trade? Domestic- Indian patients are paying high prices for drugs, due to fragmentation of distribution channels. The drug regulatory laws are not implemented in identical fashion across every state and city of the country. There are many ill-trained chemist all over the nation. International-  US Supply channel consolidationhas led to 90 per cent of the buying power concentration in three big companies, ...

Remedies For Unnatural Jail Death Why in news? Recently, SC directed the Chief Justices of all HC to register petitions suo motu to identify the kin of prisoners who died unnatural deaths and order the states to provide them compensation. What is the need for this Judgement? Normally, the National and States Human Rights Commissions decide and award compensations in cases of custodial torture, deaths. However, compliance by State governments is low as these commissions do not exercise any power of contempt. This judgment is significant as the high court will now directly award compensation and ensure compliance by the States. It also asked the Ministry of women and child development to formulate procedures for tabulating children who died unnatural deaths in custody or in child care institution by this year end. What is the significance? Human rights in a welfare state are not dependent on the status of the person whether he is a criminal or a victim. There is no...

Evolution Of A Regulatory Framework In India What is the issue? Transparent regulators are a must for evolution of mature markets. In India, political considerations have time and again forced distortions in regulatory frameworks. What is a Regulatory Regime? Liberalisation of economies and unleashing of market forces gives birth to regulators and regulatory regimes. Economists described this as the transition of a government’s role from positive intervention to arm’s length superintendence. But the manner in which the regulatory system has been established and ‘Regulatory obstructionism’ to development of businesses is a debatable issue. Lack of transparency and accountability of the regulators in India has been flagged by many economic observers. Currently how deos the regulatory framework in India look? Over a period of time, a number of regulatory bodies, ranging from RBI, SEBI, IRDA, PFRDA to TRAI, electricity regulators, CCI, FDA have been set up in India....