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RBI prohibits lenders from investing in AIFs linked to their borrowers | Indiablooms - First Portal on Digital News Management

Mumbai: The Reserve Bank of India (RBI) on Tuesday said that entities under its regulation, including banks, non-bank lenders, and home financiers, are prohibited from investing in alternative investment funds (AIFs) that have, either directly or indirectly, invested in companies that have borrowed funds from these lenders. ....

Alternative Investment Funds , Reserve Bank , Umbai The Reserve Bank Of India Rbi On Tuesday Said That Entities Under Its Regulation , Including Banks , Non Bank Lenders , Nd Home Financiers , Re Prohibited From Investing In Alternative Investment Funds Aifs That Have , Ither Directly Or Indirectly , Nvested In Companies That Have Borrowed Funds From These Lenders ,

Pharmally never delivered damaged Covid-19 supplies, says exec

HOUSE PROBE. Pharmally Pharmaceutical Corp. official Krizle Grace Mago attends the House Good Government and Public Accountability hearing on Monday (Oct. 4, 2021). Contrary to allegations, Mago said Pharmally never delivered damaged Covid-19 supplies to the government as the firm conducts routine quality inspection prior to making deliveries. (Screengrab from House of Representatives Facebook livestream) MANILA - Pharmally Pharmaceutical Corp. official Krizle Grace Mago on Monday said the company never delivered damaged coronavirus disease 2019 (Covid-19) supplies to the government as the firm conducts routine quality inspection prior to making deliveries. During the hearing of the House Good Government and Public Accountability, Mago denied the allegations made by the witness presented by Senator Risa Hontiveros at a Senate probe that Pharmally delivered supposedly "substandard" face shields. "It is in the conduct of this quality control that PPC was able to identify d ....

Risa Hontiveros , Pharmally Pharmaceutical Corp , Department Of Health , Undersecretary Of The Health Regulation Team , Procurement Service Of The Department Budget , Krizle Grace Mago , House Good Government , Public Accountability , Senator Risa Hontiveros , Health Secretary Francisco Duque , Procurement Service , Charade Mercado Grande , Health Regulation , House Probe Pharmally Pharmaceutical Corp Official Krizle Grace Mago Attends The Good Government And Public Accountability Hearing On Monday Oct 4 , 021 Contrary To Allegations , Ago Said Pharmally Never Delivered Damaged Covid 19 Supplies To The Government As Firm Conducts Routine Quality Inspection Prior Making Deliveries Screengrab From House Of Representatives Facebook Livestream Manila Pharmaceutical Corp Official Krizle Grace Mago On Monday Company Coronavirus Disease 2019 During Hearing Good And Public Accountability , Ago Denied The Allegations Made By Witness Presented Senator Risa Hontiveros Ata Senate Probe That Pharmally Delivered Supposedly Quot Substandard Face Shields It Is In Conduct Of This Quality Control Ppc Was Able To Identify Damaged Items Such As , Ut Not Limited To , Orn Or Broken , Nd Discolored Face Shields , Uot She Said Mago Contrary To The Allegations Made , Hese Damaged Items Are Immediately Segregated Subject To Proper Disposal , Nd Therefore Excluded From Delivery In The Conduct Of Repacking , He Said Different Packs With Broken Quantities Were Merged To Produce Uniform Containing 10 Face Shields Each Quot Asa Result Of The Merging , Ome Certificates Got Mixed Up While Others Were Subsequently Discarded As The Staff Only Needed To Choose One Product Certificate Include In Pack , Uot She Said The Witness ,

DOH probes tampering of PPE manufacturing dates

MANILA - The Department of Health (DOH) said it is investigating reports on the suspected tampering of manufacturing dates of face shields procured from Pharmally Pharmaceutical Corp. Upon the directive of Health Secretary Francisco Duque III, the department is conducting a comprehensive review of procurement transactions, including the inspection of incoming or currently housed stocks of PPE procured from Pharmally, either directly or indirectly, through the Procurement Service of the Department of Budget and Management (PS-DBM), the DOH said in a news release issued Friday. Pharmally previously won the bid for the face shield contract with the DOH, a separate procurement from PS-DBM. The procurement of the face shields was done through a competitive bidding process wherein eight prospective bidders submitted their prices for the face shields in March 2021. The DOH said Pharmally has delivered more than 500,000 pieces of face shields. However, the department has not yet paid Pharmally ....

Pharmally Pharmaceutical Corp , Department Of Health , Health Regulation Team , Procurement Service Of The Department Budget , Pharmally Pharmaceutical , Health Secretary Francisco Duque , Procurement Service , Charade Mercado Grande , Health Regulation , Manila The Department Of Health Doh Said It Is Investigating Reports On Suspected Tampering Manufacturing Dates Face Shields Procured From Pharmally Pharmaceutical Corp Upon Directive Secretary Francisco Duque Iii , He Department Is Conductinga Comprehensive Review Of Procurement Transactions , Ncluding The Inspection Of Incoming Or Currently Housed Stocks Ppe Procured From Pharmally , Ither Directly Or Indirectly , Hrough The Procurement Service Of Department Budget And Management Ps Dbm , He Doh Said Ina News Release Issued Friday Pharmally Previously Won The Bid For Face Shield Contract With , A Separate Procurement From Ps Dbm The Of Face Shields Was Done Througha Competitive Bidding Process Wherein Eight Prospective Bidders Submitted Their Prices For In March 2021 Doh Said Pharmally Has Delivered More Than 500 , 000 Pieces Of Face Shields However , He Department Has Not Yet Paid Pharmally As It To Complete The Deliveries Of Procured Face Shields Quot We Are Fast Tracking Our Investigation On Delivered Doh And If Those Ones Being Referred In Senate Hearing Proven Be Tampered With , E Would Definitely Take Necessary Legal Remedies The Doh Assures That Prior To Sending Out Any Procured Items For Use By Our Health Care Workers , Hese Are Duly Inspected Likewise , Ealth Facilities Have To Inspect , Nd Verify The Items They Received From Doh , Uot Said Lawyer Charade Mercado Grande , Ndersecretary Of The Health Regulation Team Doh Added That It Would Further Implement Stringent Measures Inspection During Delivery To Ensure Procured Supplies Are Neither Damaged Nor Have Exceeded Their Shelf Life Department Also Underscored Does Not Tolerate Practices Tampering With Any Quot Has Decided Suspend Acceptance And Deliveries Face Shields From Pharmally , Ending The Conclusion Of Investigations In Department We Are Aware Statements Made By Pharmally Employees About Tampering Production Date On Certificate Out Prudence And Caution , He Doh Has Decided To Suspend The Succeeding Deliveries Protect Interest And Safety Of Our Health Care Workers ,