Ramdev News: An interim stay has been placed on the implementation of an order suspending manufacturing licenses for over a dozen medicines produced by Patanjali Ayurved Ltd and Divya Pharmacy. The stay follows a preliminary inquiry report from a high-level committee, stating that the suspension order was illegal and should not have been issued in the manner it was. The firms challenged the suspension order issued last month by the Uttarakhand state licensing authority, citing a lack of adherence to established legal procedures.
India has one of the most liberal FDI policies in the world and in fact more liberal than many Southeast Asian countries that the country is often compared with, says DPIIT Secretary Rajesh Kumar Singh
The Lok Sabha elections are currently underway, with results expected on June 4. The government's decision to ease FDI in the space sector aims to attract global players and private enterprises to boost the industry. However, FDI in India saw a 13 per cent decline to USD 32.03 billion from April to December 2023, impacted by reduced investments in computer hardware and software, telecom, automotive, and pharmaceutical sectors., Markets News - Times Now
Recently FDI norms were eased in the space sector and "it is quite possible that under a new government, we can attempt some further liberalisation of any pockets that are left and where some liberalisation is possible ," Singh said here at CII s annual business summit.