Taxation
PM sets up committee to frame GAAR guidelines by 30th September

The Shome committee would prepare fresh norms on the controversial tax provision to bring "greater clarity" and prepare a roadmap by 30th September for the implementation of GAAR

New Delhi: Within a fortnight of the Finance Ministry issuing draft guidelines on General Anti-Avoidance Rules or GAAR, Prime Minister Manmohan Singh on Friday set up a committee to prepare fresh norms on the controversial tax provision to bring "greater clarity" and prepare a roadmap by 30th September for its implementation, reports PTI.

The four-member committee, to be headed by ICRIER chief and taxation expert Parthasarathi Shome, will submit its report after consulting and taking feedback from stakeholders.

"The Prime Minister has approved the constitution of an Expert Committee on GAAR to undertake stakeholder consultations and finalise the guidelines for GAAR," a PMO statement said.

"This committee would manage the consultation process and finalise the draft GAAR Guidelines," it said.

The setting up of the committee to hold wider consulations on the controversial tax provision comes within a fortnight of the Finance Ministry issuing draft guidelines.

However, the Prime Minister, who holds the Finance portfolio, was quick to distance himself from it, saying that he had not approved these.

Introduction of GAAR, which was proposed by then Finance Minister Pranab Mukherjee in the Budget 2012-13 to check tax evasion, had triggered outrage by foreign investors following which its implementation was postponed till April next year.

"There is a need to have greater clarity on many other fronts. With this in view, the Prime Minister has constituted this Expert Committee which will bring transparency and a high degree of technical expertise to the consultation process," the PMO statement said.

"While postponing GAAR by one year to 2013 was a very welcome move, a widespread consultative process is necessary to generate a discussion on GAAR provisions so that there is an informed debate on how GAAR is going to operate," is said.

The committee will have N Rangachary, former Chairman of Insurance Regulatory and Development Authority, Ajay Shah, Professor at economic think-tank NIPFP and Sunil Gupta, Joint Secretary, Revenue Department, as members.

The Committee's Terms of Reference include receiving comments from stakeholders and general public on the draft guidelines already published by the government on its website.

The committee will also "vet and rework" the guidelines based on this feedback and publish the second draft for comments and consultations by 31st August, the statement said.

The Terms of Referencw will also include undertaking widespread consultations on the second draft GAAR guidelines and finalising these and a roadmap for implementation.

The report will be submitted to the government.

A schedule has been laid for the committee which includes receiving comments from stakeholders and general public till July-end. The guidelines are to be finalised, a roadmap for implementation prepared and submitted to the government by 30th September.

Referring to previous steps taken on GAAR, the statement said the Revenue Department undertook some consultations with stakeholders before finalising the first draft set of guidelines. These consultations were done by invitation.

"Subsequently, at PM's behest, D/o Revenue put the draft guidelines on the web. This was widely welcomed as it lifted the veil on the GAAR Guidelines," it said.

This assumes significance as the PMO had issued a statement on 30th June, within 12 hours of the first draft guidelines being put on the website, saying that Singh, holding the Finance portfolio, had not approved those.

"These (draft guidelines) have not been seen by the Prime Minister and will be finalised with the approval of the Prime Minister, who holds the Finance portfolio, only after considering the feedback received," a PMO release had said.

In today's statement, the PMO said, "while these steps are good in themselves, a need was felt for far more widespread consultations."

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Doctors who study pharmacology can practice allopathy in Maharashtra

Unani, homeopathy and others doctors should study pharmacology for a full year course and after clearing the exams, they will be allowed to practice alopathy in Maharashtra

Mumbai: Maharashtra government on Friday told the Legislative Assembly that doctors wanting to practice allopathy should study pharmacology subject and an ordinance to this effect will be promulgated next month, reports PTI.

Replying to a calling attention notice on the issue of demand of homeopathic doctors to practice allopathy since there is shortage of allopathic doctors in rural areas, state Medical Education Minister Vijay Kumar Gavit said it was not possible legally to allow medicos to practice a medicine which they have not studied.

"Unani, homeopathy and others doctors wishing to practice allopathy should study pharmacology. It will be a full course of one year and they will be allowed to practice only after they clear the examination," the minister said.

Accordingly, Maharashtra Medical Practitioners Act, 1961 will be amended.

He said the Homeopathy Council in Delhi has been requested to include the subject of pharmacology in the homeopathy curriculum.

Nana Patole, Kushal Bopche, Sanjay Kute (all BJP) said ayurvedic doctors are allowed to practice allopathy in primary health care centres, to which the minister said there is an optional subject of pharmacology in ayurvedic syllabus.

"Those who have studied pharmacology can practice allopathy," he said.

BJP legislator Girish Mahajan said there is an acute shortage of allopathic doctors in rural areas.

Vijay Waddetiwar (Cong) said homeopathic doctors in rural areas treat patients in remote areas and save lives but still have to face legal problems because they are not allowed to practice allopathy.

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COMMENTS

Bhagavan ps

4 years ago

I went through all the comments under this issue. The issue has derailed in most of the comments.
Quote: Replying to a calling attention notice on the issue of demand of homeopathic doctors to practice allopathy since there is shortage of allopathic doctors in rural areas, state Medical Education Minister Vijay Kumar Gavit said it was not possible legally to allow medicos to practice a medicine which they have not studied.

"Unani, homeopathy and others doctors wishing to practice allopathy should study pharmacology. It will be a full course of one year and they will be allowed to practice only after they clear the examination," the minister said."

Unquote: The real issue in question is 'Study of pharmacology' being considered a must to practice medicine. Which pharmacology? Alopathic /Ayurvedic / Unani ? I take it that the minister meant Allopathic pharmacology.

Well. let us not oversimplify the already too much simplified medical practice.

Medical practice in India is a reign-less reckless practice with absolutely no accountability on any one at any level. This is one typical profession in science where the practitioners don't relish any control, regulation and least of all any logic for their action.
The educationists, students and latter the service providers have all only one common issue in mind ie: Moneylife and life full of money! Such being the case the Govt should come out with a system to control and regulate the quality of all the professionals that includes Doctors in all the system of medicine, Nurses, Pharmacists by making it a mandatory to score some minimum credits before renewing their registration.? This will set a trend where every professional will not have time for anything except for updation of their skill and knowledge. This will in turn benefit the public and patients at large.

Bhagavan ps

4 years ago

Then please allow pharmacy, nursing, physiotherapy (as orthopedics) to study pharmacology to practice medicine. They are million times better than ward boy-surgeons. Allow PharmD graduates to practice medicine, as their patho-physiology knowledge and depth of drug and pharmacology knowledge is quite superior.

REPLY

Kunal Kale

In Reply to Bhagavan ps 4 years ago

I think following points should be considered.

1. BAMS is 100% integrated course to pass. if not prove it. Consider question paper or syllabus to oral exam.

2. If there is a problem about Prescribing medicine then consider this.
a. say Ayurvedic practitioner to go without antibiotic in emergency.
b. say Allopathic practitioner to practice without serpentine in HTN.

More than 87% of modern drugs are modified stage of traditional medicine only considered antibiotics are new drugs not mentioned by any means in tradition system. And More than 94% of Traditional medicine practitioner is using simply modified old drugs.

See what is basic these people are using resources to treat people for better life. but the people related with this decision cannot be considered human, because they are challenging the basics of life that you are what we say.

If you become one degree holder you could not have another (With respect to courts judgement does this is freedom given?). It doesn’t matter you have better skill than previous.

Does it means ones you are Idiot always Idiot.

Really these are not human being to consider just kept away these people from govt. system, otherwise, next day they will say the Law graduate could not be considered for MLA, and, if it is so, and previously listened, then think how many parliamentary member will go home. And still, if you don’t get it considered. You are proving rejection of science. and humanity of yours.

As I believe every human Being could be act as Doctor if Knowledge with appropriate training is given by a body approved by law.

MBBS is not actually that.

Frankly MBBS is pressure of World Bank with WHO to “fund” “India” passed in Govt. misused by MBBS or supporter. So it is not the war of knowledge or actual relief to the patient.

It is the war of Pharmacy preparing products issuing knowledge and not taking responsibilities of safety to keep their brand safe.

So in my opinion professional of health care should not allow to make private practice. He must be bound to follow govt. service.

Otherwise the Indians will go without health care. china will have more than 3/4 share (WHO 2012 report) for his traditional medicine. and you will see Chinese medical practitioner and Indian will attain it. As well as Chinese Pharmacy making drugs in India.

I hope you can understand if you are a Indian.

and not MBBS/BAMS/BHMS/BUMS.

And off course I expect comments against it. Definitely that will be cry of MBBS this is mine and not humans

Kunal Kale

In Reply to Bhagavan ps 4 years ago

I think following points should be considered.
1. BAMS is 100% integrated course to pass. if not prove it. Consider question paper or syllabus to oral exam.
2. If there is a problem about Prescribing medicine then consider this.
a. say Ayurvedic practitioner to go without antibiotic in emergency.
b. say Allopathic practitioner to practice without serpentine in HTN.
More than 87% of modern drugs are modified stage of traditional medicine only considered antibiotics are new drugs not mentioned by any means in tradition system. And More than 94% of Traditional medicine practitioner is using simply modified old drugs.
See what is basic these people are using resources to treat people for better life. but the people related with this decision cannot be considered human, because they are challenging the basics of life that you are what we say.
If you become one degree holder you could not have another (With respect to courts judgement does this is freedom given?). It doesn’t matter you have better skill than previous.
Does it means ones you are Idiot always Idiot.
Really these are not human being to consider just kept away these people from govt. system, otherwise, next day they will say the Law graduate could not be considered for MLA, and, if it is so, and previously listened, then think how many parliamentary member will go home. And still, if you don’t get it considered. You are proving rejection of science. and humanity of yours.
As I believe every human Being could be act as Doctor if Knowledge with appropriate training is given by a body approved by law.
MBBS is not actually that.
Frankly MBBS is pressure of World Bank with WHO to “fund” “India” passed in Govt. misused by MBBS or supporter. So it is not the war of knowledge or actual relief to the patient.
It is the war of Pharmacy preparing products issuing knowledge and not taking responsibilities of safety to keep their brand safe.
So in my opinion professional of health care should not allow to make private practice. He must be bound to follow govt. service.
Otherwise the Indians will go without health care. china will have more than 3/4 share (WHO 2012 report) for his traditional medicine. and you will see Chinese medical practitioner and Indian will attain it. As well as Chinese Pharmacy making drugs in India.

I hope you can understand if you are a Indian.

and not MBBS/BAMS/BHMS/BUMS.

And off course I expect comments against it. Definitely that will be cry of MBBS this is mine and not humans

Kunal Kale

In Reply to Bhagavan ps 4 years ago

I think following points should be considered.
1. BAMS is 100% integrated course to pass. if not prove it. Consider question paper or syllabus to oral exam.
2. If there is a problem about Prescribing medicine then consider this.
a. say Ayurvedic practitioner to go without antibiotic in emergency.
b. say Allopathic practitioner to practice without serpentine in HTN.
More than 87% of modern drugs are modified stage of traditional medicine only considered antibiotics are new drugs not mentioned by any means in tradition system. And More than 94% of Traditional medicine practitioner is using simply modified old drugs.
See what is basic these people are using resources to treat people for better life. but the people related with this decision can not be considered human, because they are challenging the basics of life that if you become one degree holder you could not have another. it doesn’t matter you have better skill than previous. does it means ones you are Idiot always Idiot. Really these are not human being to consider just kept away these people from govt. system, otherwise next day they will say the Law graduate could not be considered for MLA and if it is so and previously listened then think how many parliamentary member will go home. and still if you don’t get it consider you are proving rejection of science. and humanity of your. As I believe every human Being could be act as Doctor if Knowledge with appropriate training is given by a body approved by law. MBBS is not actually that. frankly it is pressure of world bank with WHO to fund India passed in Govt. misused by MBBS or supporter. So it is not the war of knowledge or actual relief to the patient. it is the war of Pharmacy preparing products issuing knowledge and not taking responsibilities of safety to keep their brand safe.
so in my opinion professional of health care should not allow to make private practice. He must be bound to follow govt. service.
otherwise the Indians will go without health care. china will have more than 3/4 share (WHO 2012 report) for his traditional medicine. and you will see Chinese medical practitioner and Indian will attain it. As well as Chinese Pharmacy making drugs in India.

I hope you can understand if you are a Indian.

and not MBBS/BAMS/BHMS/BUMS.

And off course I expect comments against it. definitely that will be cry of MBBS this is mine and not humans

Merchant M S

In Reply to Bhagavan ps 4 years ago

If you have a kin who have done BHMS, BUMS or BAMS, look at their face on graduating. They attend the college to become doctors, churned out to be neither a doctor nor a quack.

Bhagavan ps

In Reply to Merchant M S 4 years ago

Exactly., No body goes to college to become a run of the mill product or the worst a quack.

I love the kids, graduating students. On several interactions I find the students and fresh graduates questioning the ills, malpractices, inter and intra professional in-coordination,professional jealousy etc. This clearly indicates that they are against professional evils. But, what turns them into the ones we don't relish?

Every thing starts with a prayer, puja, blessings of elders with the only intention to become a good professional. But, the college fee, that bleeds the family, the working atmosphere that allows 'Chalta hai'attitude, the society that looks down at the simple lifestyle and that expects some glamour, market force that creates an environment that compels one to be irrational and unethical,management that expects minimum revenue from each department and enforces certain policies that doesn't permit courtesy,little charity,(Ex: Hospital registration and consultation is a must even if no medical intervention is required), demand of family members to be on par with peer group and many more factors - all add up to make them what they should not be.

The issue is how to come out from this wilderness? / The scare is can we come out at all?

Merchant M S

In Reply to Bhagavan ps 4 years ago

Please also include so called charitable institutes which want the medical team to run the unit into profits.

dr sk chaudhary

4 years ago

DR SK CHAUDHARY
I have read above all coments of allopathic doctors.one thing which is common in all comments is ego & jealousy.they all have superiorty complex and arrogancy.they never lose any chance to say quacks/bogus to institutionaly qualified ayush doctors.they are continuously making all efforts to harass ayush doctors by manipulating &misleading courts and government to pass strict orders against ayush doctors.their organizations like IMA & MCI creating monopoly in health system.they are getting 97% of health budget.their doctors never wish to go in government hospitals & rural areas where more than 70% of population is suffering from many diseases.Nothing is hidden about the worst facilities of government hospitals & mostly allopathic doctors are practicing in city/urban area they are making more and more money in their pvt hospitals & clinics.more than 70% of indian population is lower & medium class they are unable to pay heavy fee & investigations expenses.most of the ayush doctors are providing their cheap services in rural areas.allopathic doctors are frustrated & insecured after knowing that government are planning to promote ayush doctors as competent main stream doctors.thats why they are making such misconception & expressing their misconduct/agitation through mean spirited comments over ayush doctors.every one knows which type of bogus allopathic doctors are being produced after paying heavy donation&fees in private medical colleges in india & abroad like russia/kazakistan/china etc.they are sucking blood of poor population.so time is changing you should accept & appreciate such type of government decisions and stop underestimate institutionaly qualified ayush doctors.and carefully read BAMS syllabus over CCIM website before passing any comment. every person has right to learn science and to serve it for mankind.Be concentrate over unregestered/non degree holders doctors.

REPLY

Raju Kumar

In Reply to dr sk chaudhary 4 years ago

AYUSH Practitioners practicing AYUSH are not quacks. We are speaking of AYUSH practitioners practicing Modern medicine. The Supreme Court has labelled them Quacks( Charlatan).Any one cannot be above the law of the land.

Kunal Kale

In Reply to Raju Kumar 4 years ago

I think following points should be considered.
1. BAMS is 100% integrated course to pass. if not prove it. Consider question paper or syllabus to oral exam.
2. If there is a problem about Prescribing medicine then consider this.
a. say Ayurvedic practitioner to go without antibiotic in emergency.
b. say Allopathic practitioner to practice without serpentine in HTN.
More than 87% of modern drugs are modified stage of traditional medicine only considered antibiotics are new drugs not mentioned by any means in tradition system. And More than 94% of Traditional medicine practitioner is using simply modified old drugs.
See what is basic these people are using resources to treat people for better life. but the people related with this decision can not be considered human, because they are challenging the basics of life that if you become one degree holder you could not have another. it doesn’t matter you have better skill than previous. does it means ones you are Idiot always Idiot. Really these are not human being to consider just kept away these people from govt. system, otherwise next day they will say the Law graduate could not be considered for MLA and if it is so and previously listened then think how many parliamentary member will go home. and still if you don’t get it consider you are proving rejection of science. and humanity of your. As I believe every human Being could be act as Doctor if Knowledge with appropriate training is given by a body approved by law. MBBS is not actually that. frankly it is pressure of world bank with WHO to fund India passed in Govt. misused by MBBS or supporter. So it is not the war of knowledge or actual relief to the patient. it is the war of Pharmacy preparing products issuing knowledge and not taking responsibilities of safety to keep their brand safe.
so in my opinion professional of health care should not allow to make private practice. He must be bound to follow govt. service.
otherwise the Indians will go without health care. china will have more than 3/4 share (WHO 2012 report) for his traditional medicine. and you will see Chinese medical practitioner and Indian will attain it. As well as Chinese Pharmacy making drugs in India.

I hope you can understand if you are a Indian.

and not MBBS/BAMS/BHMS/BUMS.

And off course I expect comments against it. definitely that will be cry of MBBS this is mine and not humans

dr sk chaudhary

In Reply to Raju Kumar 4 years ago

dr sk chaudhary - my dear doctors i have studied anatomy, physiology,pathology,hygiene social & preventive medicine,pharmacology,toxicology medical jurisprudence,medicine,ophthalmology,ENT,surgery,gynae& obs, pediatrics according to both ayurvedic& modern scientific medicine in theoretical&practical manner during my 4.5 yrs BAMS curriculum.i done dissection of dead body & rotatory internship of one year in which 6 months of allopathy in dist.gov. hospital was included. why i cant practice for the same??????????.you can read BAMS syllabus over http://www.ccimindia.org. supreme court has made clear verdict that The position with regard to Medical practitioners of Indian medicine holding degrees in integrated courses is on the same plain inasmuch as if any State Act recognizes their qualification as sufficient for registration in the State Medical register, the prohibition contain in Section 15(2)(b) of the 1956 Act will not apply.(dr mukhtiar chand&ors v the state of punjab1998).CCIM has also cleard many time through its notifocations. we are only fighting for our rights on the ground of facts.so dont take it personaly& stop misleading courts & government.

Raju Kumar

In Reply to dr sk chaudhary 4 years ago

If you wanted to practice Modern medicine, you should have done MBBS.Obviously you did not get admission in it and then took admission to BAMS and now want to practice Allopathy inspite of studing in Ayurvedaby shortcut and illegal means.
BAMS ,BHMS practicing Modern medicine(Allopathy) is illegal and is nothing but quackery and Supreme court has clearly defined that in the following cases:
1)It is thus clear that the Mukhtiar Chand judgment does not promote quackery. The SC said clearly that they did not find any state Act which permitted a medical practitioner to practice “any system of medicine”. The vaids and hakims covered by a state notification under Rule 2(ee) of the Drugs and Cosmetics Rules could have practiced allopathy till 1964 but not after that in view of the addition of Section 15(2)(b) of the IMC Act, 1956, which was added in 1964.

2)The CCIM notification is baseless and defunct because it is based on the CCIM notification dated 19-5-2004 which has been withdrawn by the CCIM itself vide agenda no. 1 of the minutes of the 158th Executive Committee meeting of the CCIM held on 28-6-2010. The notification was withdrawn in the following circumstances:



a—NIMA filed a civil writ petition no. 10033/2005 in the High Court of Kerala at Ernakulum seeking a right for ISM practitioners to practice allopathy in terms of the CCIM notification dated 19-5-2004. It was dismissed by the court vide judgment dated 7-2-2006.

b—NIMA went in appeal to the Division Bench vide W.A.No.1260 of 2006 which was also dismissed on 12-12-2006. The court relied on Mukhtiar Chand judgment.

c—NIMA approached filed an SLP in the SC which was also dismissed.

Merchant M S

4 years ago

Will Honorable minister appoint and take treatment from these doctors?

REPLY

Kunal Kale

In Reply to Merchant M S 4 years ago

I think following points should be considered.
1. BAMS is 100% integrated course to pass. if not prove it. Consider question paper or syllabus to oral exam.
2. If there is a problem about Prescribing medicine then consider this.
a. say Ayurvedic practitioner to go without antibiotic in emergency.
b. say Allopathic practitioner to practice without serpentine in HTN.
More than 87% of modern drugs are modified stage of traditional medicine only considered antibiotics are new drugs not mentioned by any means in tradition system. And More than 94% of Traditional medicine practitioner is using simply modified old drugs.
See what is basic these people are using resources to treat people for better life. but the people related with this decision can not be considered human, because they are challenging the basics of life that if you become one degree holder you could not have another. it doesn’t matter you have better skill than previous. does it means ones you are Idiot always Idiot. Really these are not human being to consider just kept away these people from govt. system, otherwise next day they will say the Law graduate could not be considered for MLA and if it is so and previously listened then think how many parliamentary member will go home. and still if you don’t get it consider you are proving rejection of science. and humanity of your. As I believe every human Being could be act as Doctor if Knowledge with appropriate training is given by a body approved by law. MBBS is not actually that. frankly it is pressure of world bank with WHO to fund India passed in Govt. misused by MBBS or supporter. So it is not the war of knowledge or actual relief to the patient. it is the war of Pharmacy preparing products issuing knowledge and not taking responsibilities of safety to keep their brand safe.
so in my opinion professional of health care should not allow to make private practice. He must be bound to follow govt. service.
otherwise the Indians will go without health care. china will have more than 3/4 share (WHO 2012 report) for his traditional medicine. and you will see Chinese medical practitioner and Indian will attain it. As well as Chinese Pharmacy making drugs in India.

I hope you can understand if you are a Indian.

and not MBBS/BAMS/BHMS/BUMS.

And off course I expect comments against it. definitely that will be cry of MBBS this is mine and not humans

Rohit Bajaj

4 years ago

If you want people to practice Modern medicine( Layman: Allopathy) only after graduating in Homeopathy Ayurveda, etc ,What is the need for these Courses?
The system of medicine is totally different and cannot be intermixed.
Homeopathy is on the principle of "Like cures like" and Ayurveda on the Principles of Tridosha.
Let the Govt. declare that all other systems are useless and stop these courses.

REPLY

Kunal Kale

In Reply to Rohit Bajaj 4 years ago

I think following points should be considered.
1. BAMS is 100% integrated course to pass. if not prove it. Consider question paper or syllabus to oral exam.
2. If there is a problem about Prescribing medicine then consider this.
a. say Ayurvedic practitioner to go without antibiotic in emergency.
b. say Allopathic practitioner to practice without serpentine in HTN.
More than 87% of modern drugs are modified stage of traditional medicine only considered antibiotics are new drugs not mentioned by any means in tradition system. And More than 94% of Traditional medicine practitioner is using simply modified old drugs.
See what is basic these people are using resources to treat people for better life. but the people related with this decision can not be considered human, because they are challenging the basics of life that if you become one degree holder you could not have another. it doesn’t matter you have better skill than previous. does it means ones you are Idiot always Idiot. Really these are not human being to consider just kept away these people from govt. system, otherwise next day they will say the Law graduate could not be considered for MLA and if it is so and previously listened then think how many parliamentary member will go home. and still if you don’t get it consider you are proving rejection of science. and humanity of your. As I believe every human Being could be act as Doctor if Knowledge with appropriate training is given by a body approved by law. MBBS is not actually that. frankly it is pressure of world bank with WHO to fund India passed in Govt. misused by MBBS or supporter. So it is not the war of knowledge or actual relief to the patient. it is the war of Pharmacy preparing products issuing knowledge and not taking responsibilities of safety to keep their brand safe.
so in my opinion professional of health care should not allow to make private practice. He must be bound to follow govt. service.
otherwise the Indians will go without health care. china will have more than 3/4 share (WHO 2012 report) for his traditional medicine. and you will see Chinese medical practitioner and Indian will attain it. As well as Chinese Pharmacy making drugs in India.

I hope you can understand if you are a Indian.

and not MBBS/BAMS/BHMS/BUMS.

And off course I expect comments against it. definitely that will be cry of MBBS this is mine and not humans

Raju Kumar

4 years ago

What an absurd step taken by these foolish politicians.
They are promoting Quackery and is against Supreme Court Judgements. A Writ Petition should be filed against such nonsense immediately in the High Court.
Is the Maharashtra IMA Sleeping?

suresh

4 years ago

Urban doctor will not go to rural areas because they want more money which they can get only in big city by fleecing gullible patients and by putting fear in their life.

It is a very good move by the Maharashtra Governmnet, at least those doctors who have studied allopathy can prescribe in allopathy medicines.

Anyway, it is now very difficult to get a MBBS degree anyway provide there is enough fund in the money and we know what kind of Doctor we get thereafter who only prescribe unwanted tests in a particular laboratory and expensive medicines of big pharma co.

There was a time when Doctors were treated with great respect. Now, i don't have words to say.

To clarify, there are some good doctors too but they are fast disappearing.

REPLY

Raju Kumar

In Reply to suresh 4 years ago

Just having a short course only in Pharmacology does not amount to learning Modern Medicine ( Layman term: Allopathy).

dictator

In Reply to Raju Kumar 4 years ago

allopathy is not a layman term dear sir...first u know wat is layman term and then talk about rthese things....orelse otherwise just dont do any comment.....

Sourav

4 years ago

Yes, it is always better to add water to milk to make-up its shortage, rather than increase milk production.....the quality of milk be damned !!!

Shameful & shocking decision.

PFRDA eases norms for registration of fund managers

New Delhi: In order to boost the National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has relaxed norms for registration of pension fund managers to ensure greater competition by removing cap on the number of Pension Fund Managers (PFMs), reports PTI.

 

As per the revised guidelines, PFMs would have to market the NPS to the potential subscribers, deciding their own marketing and distribution channels as per their business perceptions, Finance Ministry said in a statement.

 

The new norms issued by PFRDA on the basis of the recommendation by GN Bajpai Committee, has done away with the bidding process for appointment of fund managers.

 

It has laid down the eligibility criteria for PFMs and also removed the limitation on the number of fund managers for for managing the retirement corpus under non-government and private sector segment. Henceforth, any eligible company can undertake the business of fund management under the NPS.

 

Under the revised norms, PFMs have been given freedom to fix their own fees.

 

"It is expected that this would provide for an economically viable business model for the PFMs attracting a fresh set of entrants into the pension industry, and the resultant competition would ensure market driven fee structures, which would work to the advantage of the pension subscribers," the statement said.

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