Abandoning the current price control mechanism, India is set to cap trade margins on medical devices, to curb profiteering as well as to address concerns of device makers, particularly importers of stents and knee implants, who have complained that price caps hurt innovation and limit choices for Indian patients. It...
India to Host Global Mobility Summit in September
NITI Aayog, India's policy think tank, in partnership with various ministries and industry partners, is organizing MOVE: Global Mobility Summit in New Delhi on September 7 and 8. This summit aims to drive India's goals toward electrification of vehicles, renewable energy integration, and job growth. 1,200 participants from across the...
India to Provide Health Insurance to the Underprivileged
Prime Minister Narendra Modi approved the launch of Ayushman Bharat (meaning 'long life India' in Hindi), a National Health Protection Mission promising health coverage to 100,000,000 underprivileged and vulnerable families in both rural and urban areas. Each family will get an annual insurance coverage of $7,700 which will take care...
IBM India Targets Banking, Telecom, IoT
In India since 1951, IBM India has expanded its operations with regional headquarters in Bangalore and offices across 20 cities. "The biggest growth for us is going to come from the financial services. We are going to consolidate telco and look at new revenue streams because telco is an industry...
Forbes India CEO Dialogues: Bureaucracy in India must Expedite Economic Change
The Forbes India CEO Dialogues were held in New Delhi on March 17, where senior bureaucrats of the Indian government and leaders of industry discussed the theme ‘25 years on, has the Indian economy liberalized enough?’ Panelists included Amitabh Kant, CEO, Niti Aayog; Anil Swarup, coal secretary; Shaktikanta Das, economic...
Harvard-Led Committee Proposes Ways to Increase Entrepreneurship in India
A 15-member committee led by Tarun Khanna, Jorge Paulo Lemann professor at the Harvard Business School and director of Harvard’s South Asia initiative along with reputed business and academic leaders of the National Institution for Transforming India Aayog, or NITI Aayog – a Government of India policy think-tank – have...