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Moneycontrol >> Messageboard >> General >> News Now
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News Now

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18 Aug 2008 21:49

Hi,
Drug companies are quietly pushing through price hikes of 100% – or even more than 1,000% – for a very small but growing number of prescription drugs, helping to drive up costs for insurers, patients and government programs.

The number of brand-name drugs with increases of 100% or more could double this year from four years ago, researchers from the University of Minnesota say. Many of the drugs are older products that treat fairly rare, but often serious or even life-threatening, conditions.
Last year, prices rose about 7.4% on average for 1,344 brand-name drugs, according to Express Scripts, which manages drug benefits for large employers and insurers.

– USA Today
...

18 Aug 2008 17:30

removal section 377:leads to more peado activity.futre beastiliaty marriage.more aids spread is amyth.closet items remain within we will turn a blind not pry the closet to be drag gd in....

18 Aug 2008 15:25

Best wishes Joe

Posted by : gv
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Dear Joe,
Very best wishes for posting so many valuable mails
Pls continue to Share your views
Regds
GV...

18 Aug 2008 14:42

I bought a flat at kalpataru estate pune. When I bought the flat, there was some open space and garden shown in the plan, inside the phase I. Now I made as recent visit to the site and to my shock the garden area mention in the plan had been occupied by three shops inside the premises of the society. Is that a justice to the consumers like me, from brand like Kalpataru. Also it was promised a possession in march 2008, when i booked the flat and still i did not get my possesion. The construction has been delayed by well over 9 months, althought i had may 90% of the cost of property. I am really upset, as went for brand kalpataru....

In reply to:

Kalpataru Const announces launch of Kalpataru Estate

Posted by : MMB Messenger

18 Aug 2008 14:21
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Pakistan's beleaguered President Pervez Musharraf announced his resignation on in the face of an impending impeachment motion by the ruling coalition government.
...

17 Aug 2008 23:56

i have 2000 shares of suashish diamonds at the price of 80 can i hold it for another 3 years for 1000...

In reply to:

Suashish Diamonds Q1 sales up 26.48%

Posted by : MMB Messenger

Suashish Diamonds reports Net Sales for Q1 was up 26.48% at Rs 230.91 crores from Rs 182.56 crores during the corresponding period of the last fiscal. The company has posted a PAT of Rs 18.99 crores as against Rs 26.32 crores for the same quarter last fiscal.

17 Aug 2008 23:55

Suashish Diamonds reports Net Sales for Q1 was up 26.48% at Rs 230.91 crores from Rs 182.56 crores during the corresponding period of the last fiscal. The company has posted a PAT of Rs 18.99 crores as against Rs 26.32 crores for the same quarter last fiscal.
...

17 Aug 2008 19:31

Nobody, nobody could think of Mark Spitz record in 1972 of seven golds in an Olympic outing can be broken!
Now it is 8. Amazing it is. World bows to his supremacy ! Now donot think one such more feat before atleast one real 'Love 2050' is celebrated on Moon or Mars....

15 Aug 2008 00:23

"Long years ago we made a tryst with destiny, and now the time comes when we will redeem our pledge, not wholly or in full measure, but very substantially. At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom. A moment comes, which comes but rarely in history, when we step out from the old to the new, when an age ends and when the soul of a nation, long suppressed, finds utterance.... We end today a period of ill fortune, and India discovers herself again."



- Jawaharlal Nehru (Speech on Indian Independence Day, 1947)

...

14 Aug 2008 20:11
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Hi,
Pls read this
\"We need energy to provide water and water to make energy. For example, it takes four gallons of water to produce one gallon of oil. And it takes anywhere from 4-800 gallons of water to make one gallon of ethanol. This is, I think, the ultimate dagger in the ethanol craze – it simply requires too much water during a time when water is becoming all the more dear.

But to the man on the street, water is cheap, and, therefore, of little concern. In the words of Rooney, water is \"somewhere between free and your cable bill.\" But imagine how you might have felt 10 years ago, when oil was $13 per barrel, if someone told you that in 10 years, oil would fetch more than $140 per barrel. You wouldn\'t have believed it – and you would have missed out on massive gains in oil stocks.

We have the same scenario unfolding here. Rooney began with that familiar old couple, supply and demand. The latter is skyrocketing. It may not surprise you to learn that the rapid industrialization of China and India has some part to play. In short, these emerging market countries have a lot of catching up to do....

14 Aug 2008 19:09

can a company issue fully convertible warrants to person resident outside India, without FIPB approval under automatic route???...

In reply to:

Prakash Ind issues convertible warrants to Barclays capital

Posted by : MMB Messenger

14 Aug 2008 17:18

Avaya GlobalConnect, one of India’s leading business communications solutions provider has developed the Voice Resume solution, an integrated recruitment management solution customized to the ITeS industry...

14 Aug 2008 13:57

i want to take part in this contest...

In reply to:

Play Games on Zapak.com & win cash upto Rs 1crore

Posted by : MMB Messenger

14 Aug 2008 13:41

A wage hike higher than those recommended by the Sixth Pay Commission, marginal increase in annual increments and the payment of arrears in cash are some of the sweeteners incorporated in the proposal for Thursday\'s Cabinet meeting after Prime Minister Manmohan Singh’s intervention.
The new pay package for the 55 lakh Central government employees, to be announced on August 15, proposes a 20 per cent raise over the pay bands suggested by the Commission. The panel in May suggested a gross 40 per cent hike, which means an effective 25 per cent after taxes. “The net jump in pay would be upwards of 30 per cent with the additional increase more for lower grade staff to narrow their difference with the (pay of) senior officials,” said sources.
This raise takes into account the Commission’s miscalculation of the dearness allowance - absorbed in the new basic pay—as 74 per cent whereas it should have been 83 per cent, they said. The proposed annual increment in the basic pay would also be a tad higher than the 2.5 per cent suggested by the Commission.
The Cabinet proposal talks of a uniform 3 per cent raise every year. The current norm is a Rs 500-increase in the basic pay annually within the grade scale.
But what would be music to the bureaucrats’ ears is that the PM has shot down Finance Minister P Chidambaram’s suggestion that the new wage be effective from January 2007 instead of January 2006 because of the heavy run on this year’s Budget. Chidambaram had also wanted that the past dues be parked in the General Provident Fund to be provided as pension after retirement of the employees so that this year’s outgo from the Budget would be limited to Rs 12,500 crore.
But the PM would have none of that. He has ensured that the new pay would be effective from January 2006, as recommended by the Commission, with 40 per cent of the arrears paid in the current fiscal and the remaining 60 per cent next year.
The actual pay-out would come in November after the monsoon session of Parliament in September passes the Finance Ministry’s supplementary Demand For Grant to fund the wage bill, said sources.
What has also been shot down, though by the Committee of Secretaries, is the inclusion of heads of other services in the rank of Cabinet Secretary. The CS will remain primus inter pares, the first among equals, and that position would not be granted to the head of Intelligence Bureau, the three service chiefs or the Chairman Railway Board—as had been demanded.
There would also be no scrapping of Group D personnel (peons in ministries and coolies in Indian Railways). The Commission had suggested that these posts be subsumed in Group C of clerks, fresh induction be stopped and jobs be outsourced.
As for the armed forces, the good news is that military service pay for persons below the officer rank (POBR) would be Rs 2,000 per month. The forces had demanded Rs 3,000 as against Rs 1,000 introduced by the commission.
There would also be a significant improvement in the salaries of Brigadiers as the government has agreed to put them in Pay Band 4 (Rs 39,200-67,000) as against the suggested pay band 3 (Rs 15,600 - 39,100).
For the Indian Police Service and Indian Forest Service, relief would come in the form of abolition of the Deputy Inspector General scale. There would also be no discrimination between Group B and Group A service officers in the form of a differential basic pay at the time of joining, as suggested by the Commission. They would both start at the same scale, as is prevalent now, said sources.
BUREAUCRACY’S BIG HIKE
A 20 % raise over the pay bands suggested by the Commission
Uniform 3% raise in basic pay every year. The norm is a Rs 500-increase annually within grade scale
New wages to be effective from January 2006
No Cabinet Secretary rank for Intelligence Bureau chief, the three Service chiefs or the Chairman, Railway Board
Group D personnel to stay (peons in ministries and porters in Railways)
Military service pay for persons below the officer rank (POBR) would be Rs 2,000 per month
Significant hike in salaries of Brigadiers: they move to Pay Band 4 (Rs 39,200-67,000) from the suggested Pay Band 3 (Rs 15,600-39,100)
DIG-scale abolished in IPS and Indian Forest Service

Ind exp-
...

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