'MNCs should stop treating Indians as guinea pigs'

July 27, 2013

Indians_as_guinea_pigsMumbai, Jul 27: Opposing grant of interim permission to Johnson & Johnson's to resume manufacturing of baby talcum powder at its factory here, Food and Drug Administration (FDA) today told the Bombay High Court that multinational companies shouldn't treat Indians as "guinea pigs".

Justifying state FDA's order directing closure of the J&J's Mulund facility for not checking some batches of talcum powder for ethylene oxide residue in 2007, FDA lawyer Ashutosh Kumbakoni said, "Multinationals should stop treating Indians like guinea pigs. If the same incident had happened in the US, the company would have faced worse (consequences)."

The division bench of Justices S J Vazifdar and M S Sonak was hearing a petition filed by J&J challenging FDA's order directing closure of suburban Mulund factory from June 24. The company has also sought a permission to reopen its factory as an interim relief.

In March, the FDA cancelled the licence of the factory after it found that 15 batches of baby talcum powder manufactured there in 2007 were sterilised using ethylene oxide, a chemical that is widely believed to cause cancer, apart from symptoms such as nausea, vomiting, and is considered `an irritant'.

FDA alleged that the company had not registered this process with it, and failed to conduct tests to check for traces of ethylene oxide in these batches of powder.

The company challenged the order before appellate authority, but the order was upheld, so it moved HC.

Senior counsel Rafiq Dada, appearing for the company, today sought interim relief and said the company was not using ethylene oxide treatment process anymore.

The FDA lawyer, however, opposed the request. "Even today the company is not admitting that treatment to check residue was not done. Absence of repentance and remorse is withholding the authorities," advocate Kumbakoni argued.

The hearing would continue on July 29.

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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News Network
January 2,2020

Perambalur, Jan 2: Veteran Tamil writer Nellai Kannan was arrested in Perambalur for criticizing Prime Minister Narendra Modi and Home Minister Amit Shah during a protest against Citizenship (Amendment) Act.

The Tirunelveli Police had registered the FIR against the writer for the speech delivered at a meeting, which was called by the Social Democratic Party of India on December 29 last year.

The police have booked him on the basis of multiple complaints filed by BJP leaders.

Kannan has been booked under Sections 504, 505(1) and 505(2) of the Indian Penal Code.

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Agencies
February 11,2020

New Delhi, Feb 11: Cheaper lending rates in the country along with the government's booster via tax cuts seem to have had little effect on vehicle sales in January, with car sales decreasing by over 14,531 units, or slightly over 8 per cent, compared to January last year.

According to Rajan Wadhera, President of industry body Society of Indian Automobile Manufacturers (SIAM), which gives out the auto sales numbers, the overall slump in vehicle sales in India was due to the "rising cost of vehicle ownership and slower growth in GDP".

Barring three-wheelers, all other segments showed de-growth.

Vehicle sales across segments have been declining for over a year now. SIAM sales data last month compared with that of January 2019 showed that domestic passenger vehicle sales slipped 6.2 per cent to 262,714 units. The decline in car sales stood at 8.1 per cent, and two-wheelers 16.06 per cent.

Sales of commercial vehicles, an indicator of industrial health in the economy, slipped by 14.04 per cent to 75,289 units last month, while the vehicle sales across categories registered a de-growth of 13.83 per cent to 17,39,975 units from 20,19,253 units in January 2019, SIAM said.

However, Wadhera said, they were hopeful that recent government announcements on infrastructure and rural economy would support growth of vehicle sales, especially in the commercial and two-wheeler segments.

"We are looking forward to the early announcement of an incentive-based scrappage policy in the context of the recent assurances by the government," Wadhera said.

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