Posts Tagged ‘My Views’
Loud Thinking June 03, 2013 at 04:47PM
June 3rd, 2013 | 
Author: A Sensational NDTV Report
India’s biggest drug firm Ranbaxy Laboratories pleaded guilty to US charges of making adulterated medicines.
India says its drugs safe despite Ranbaxy generics fraud
Agence France-Presse | Updated: June 03, 2013 16:23 IST
New Delhi: India, known as the “pharmacy to the world”, today defended its lucrative generic drug industry as safe and strongly regulated after the nation’s biggest drug firm pleaded guilty to US charges of making adulterated medicines.
In a bid to defend its generic export sector, the government also charged that “isolated reports” of spurious drugs found in global markets and alleged to be from India were “desperate attempts” by other countries hurt by “the strength of the Indian pharma industry”.
India’s “pharmaceutical sector is a highly regulated one and the exports are heavily guided by various regulatory regimes of the importing countries”, the government said in a statement.
The statement came after New Delhi-based Ranbaxy Laboratories, India’s largest drug company by sales, pleaded guilty in the United States to criminal charges of making adulterated medicines and agreed to a 500 million dollar (around Rs 2833 crore) settlement.
The fraud, investigated over eight years by US authorities, was brought to light by a whistle-blowing ex-employee, who said Ranbaxy created “a complicated trail of falsified records and dangerous manufacturing practices”.
India built a reputation as the “pharmacy to the world” for its production of life-saving generic versions of medicines for poor nations that cost a fraction of brand-name versions.
But analysts have warned that Indian drugmakers may find it tough to win new contracts in their main US market, with the case involving New Delhi-based Ranbaxy raising questions about the safety and quality of Indian-made drugs.
Generic drug firms in India have been a major supplier of copycat medicines to treat diseases such as cancer, TB and AIDS for those who cannot afford expensive branded versions.
The country “has proven international quality standard capabilities”, the government said.
It said India enjoys “a unique position of low-cost manufacturing and the highest quality medicine, the best of both the worlds”.
India’s drug exports totalled 14.6 billion dollars (around Rs 82,730 crore) in the financial year to March 31, marking growth of nearly 11 percent from the previous year.
Japanese drug company Daiichi Sankyo which bought Ranbaxy in 2008, has since alleged that the Indian firm’s former owners hid vital information about US regulatory inquiries at the time of the 4.6-billion dollar (around Rs 26,065 crore) purchase.
The charges have been strongly denied by the billionaire Singh family which used to control the company.
India has long alleged that some complaints about the quality of its generic medicines originate with rival brand-name manufacturers unhappy about the growing use of cheaper knock-off drugs as developed nations tackle soaring health care costs.
Story first published: June 03, 2013 16:07 IST
Loud Thinking June 03, 2013 at 04:41PM
Live-Life is an ability to live your life to the fullest potential.
Loud Thinking June 03, 2013 at 04:41PM
“You have brains in your head. You have feet in your shoes. You can steer yourself in any direction you choose. You’re on your own. And you know what you know. You are the guy who’ll decide where to go. ”
Theodor Seuss Geisel (1904-1991);
Writer, Cartoonist, Animator
Loud Thinking June 03, 2013 at 01:13PM
“Never go to sleep without a request to your subconscious.”
— Thomas Edison
Loud Thinking June 03, 2013 at 01:12PM
Make Your Slides Memorable
When you present data, people in your audience don’t have time to pour through the numbers.
They need to quickly understand by glancing at the slide, reading the title, and looking at the basics of the visuals.
Don’t make it hard for them by making your slides complex. Start by asking, “What would I like people to remember about the data?” Give that point visual emphasis.
If you’re projecting a chart about sales trends over five years but talking specifically about how sales are consistently low in the first quarter, show the first-quarter bar in a bright color and other bars in a neutral tone, like gray. Deemphasize grid lines, borders, axes, and labels — you’ll provide that kind of context when you speak — and use contrast (color, size, or position) to draw the viewer’s eye to the meaning.
Today’s Management Tip was adapted from the HBR Guide to Persuasive Presentations.
Loud Thinking June 03, 2013 at 08:19AM
“One of the surest ways of making a friend and influencing the opinion of another is to give consideration to his opinion, to let him sustain his feeling of importance.”
Loud Thinking June 02, 2013 at 02:36PM
“Always give without remembering; always receive without forgetting.”
— William Barclay
Loud Thinking June 02, 2013 at 11:22AM
An Interesting NDTV Report
A list of things left behind by passengers on a plane
Press Trust of India | Updated: June 02, 2013 11:27 IST
New Delhi: Books, spectacles, mobile phones and cameras are not the only articles that passengers leave behind in a plane; interestingly, they forget to take with them strollers, wedding rings and even artificial limbs.
Passengers also leave behind their valuables like smartphones, iPods, cameras, iPads, kindles and even laptops, a survey by UK-based Virgin Atlantic airlines has found.
The survey of airline’s cabin crew and ground staff found that majority of passengers forget to take with them articles like books, reading glasses, mobile phones, cameras, iPods, headphones, makeup kits, neck pillows, CDs and duty free shopping.
Surprisingly, items like wedding rings, baby strollers, shoes, passports and even artificial body parts were found left behind by the fliers, the airline said.
“Passengers leave all sorts of items on our flights ranging from the predictable to the quite unexpected. We were surprised to find an artificial limb left behind by one of our upper class passengers but were delighted that we were able to return them,” said Stephen King, General Manager, Virgin Atlantic-India.
He said many passengers start their vacation the moment they get on the aircraft.
When they relax and get into a holiday mood, they often forget personal belongings on-board, he said.
The airline tries to return the items to the passengers but any item not claimed for more than six months, if not perishable, is donated for charitable causes, he said.
Virgin flies to 36 destinations worldwide, including locations across North America, the Caribbean, Africa, the Far East and Australia.
The airline has daily flights from Delhi and Mumbai connecting to the UK and the USA via London. It currently has a fleet of aircraft of Boeing 747-400s, Airbus A340-300s, A340-600s and A330-300s.
The airline is expecting delivery of 16 Boeing 787 Dreamliners from 2014.
Loud Thinking June 01, 2013 at 01:05PM
“The best way to get started is to get started. Life rewards
action… not reaction. Wait for nothing. Attack life.”
— Dave Kekich
