US bans generic form of opioid treatment drug Suboxone

“The UK based pharma company Indivior PLC had got the restraining orders against Dr Reddy’s just a day after the US FDA granted the final approval last month.”

Read more: https://www.business-standard.com/article/companies/us-court-prevents-dr-reddy-s-from-launching-opioid-treatment-drug-suboxone-118071400374_1.html

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India’s central bank shuts down all cryptocurrency exchanges

“No research was done and no panel formed by the banking regulator before coming down heavily on the exchanges.”

Read more: https://qz.com/1321076/bitcoin-ban-how-rbi-choked-indias-cryptocurrency-ecosystem/

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The World Transformed and No One in America Noticed

“The accession of both India and Pakistan to the SCO is also a stunning repudiation of the United States.”

Read more: https://www.strategic-culture.org/news/2018/06/22/world-transformed-and-no-one-america-noticed.html

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India to Intensify Scrutiny of Citizens’ Social Media, Emails

“India’s government is looking for a company to analyze social media posts to help boost nationalism and neutralize any ‘media blitzkrieg by India’s adversaries.'”

Read more: https://www.bloomberg.com/news/articles/2018-05-29/india-wants-a-new-media-command-room-to-help-boost-nationalism

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India’s Tiny Declaration of Independence?

“Last week, a small job ad appeared on the inside pages of some newspapers looking for candidates for the post of ‘joint secretary’ in the Indian government.  Mid-level bureaucrats such as joint secretaries — there are about 350 of them in all — are India’s real policy-makers.”

Read more: https://www.bloomberg.com/view/articles/2018-06-14/tiny-job-ad-could-transform-india-s-government

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India’s bitcoin U-turn: Government panel may allow cryptos with conditions

“A panel formed by the government to look into crypto-currency does not seem to be in favour of banning it. Instead, it may suggest allowing crypto-currency with riders, ETNow reported quoting Cogencis. ”

Read more: https://economictimes.indiatimes.com/markets/stocks/news/u-turn-on-bitcoin-government-panel-may-allow-cryptos-with-riders/articleshow/64569000.cms

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Making Heart Surgery Accessible to the Poor, by Embracing Mass Production

“Instead of looking to government to fix our health care system, we should be looking to innovators like Dr. Devi Shetty.”

Read more: https://fee.org/articles/this-doctor-is-making-heart-surgery-accessible-to-the-poor-by-embracing-mass-production/

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India & Iran drop dollar in oil trade to bypass US sanctions

“Under the deal, the payments for oil will be made through India’s state-run UCO Bank, which has no US exposure.”

Read more: https://www.rt.com/business/428245-india-iran-dollar-rupee-oil/

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US Warns India Not to Buy Russian Weapons

“There is little doubt that the pressure will make US-Indian relations hit a rough patch.”

Read more: https://www.strategic-culture.org/news/2018/06/01/us-warns-india-not-buy-russian-weapons.html

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India bank run underway after $2B scam at state-run bank prompts bailout bill

“Indians are concerned that a proposed bill, which gives regulators the option to use public deposits to bail out a bank that goes bust, is pushing individuals to hoard cash. The government has repeatedly issued statements to assure the public that their money would be safe.  These concerns are heightened by news that emerged in February of a $2 billion fraud at state-run Punjab National Bank, where a jeweler allegedly colluded with a bank employee to siphon off money before leaving the country.”

Read more: https://www.bloomberg.com/news/articles/2018-04-18/-risky-cash-crunch-pushes-india-to-defend-its-scam-hit-banks

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