FDI in Pharma and Non-Compete Clause

According to the prevailing annual Foreign Direct Investment (FDI) in Pharma is allowed up to 100%. While FDI is allowed in greenfield projects under the automatic route, FDI in brownfield projects requires prior Government permission.the Cabinet decided to retain the 100% FDI limit but imposed some restrictions on non-compete clauses.

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What’s Behind the Declining Rupee ?

The Indian rupee, which is known for being mercurial, has only cemented its reputation after its recent sharp slide to a record low, dropping from 56.51 rupees per dollar on May 31 to 58.41 on Thursday. However, the currency’s poor performance began earlier this year — since late April, the cumulative decline has been 8.7 percent, with a 4.2 percent fall in May alone.

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