Companies & Sectors
Ranbaxy to pay further $420,000 in US for selling sub-standard medicines

Earlier in May, Ranbaxy the unit of Japanese Daiichi Sankyo, paid $500 million to settle similar charges relate with manufacture and distribution of certain adulterated drugs made at Paonta Sahib and Dewas in India

Ranbaxy Laboratories has agreed to pay about $420,000 to settle civil and criminal complaints of selling drugs of inferior strength, purity or quality Idaho state in north-western US.


Earlier in May, the US subsidiary of Ranbaxy agreed to pay $500 million—the largest settlement with a generic medicine maker till date, while pleading guilty to “felony charges” relating to manufacture and distribution of certain adulterated drugs made at two Indian units.


The alleged 26 sub-standard generic drugs were made at Ranbaxy's factories in Paonta Sahib and Dewas in India.


Idaho had joined several states and the US government in alleging that Ranbaxy products manufactured between April 2003 and September 2010 did not meet US Food and Drug Administration (US FDA) standards and caused Medicaid to pay fraudulent claims. Medicaid is a US health programme for families and individuals with low income and resources.


Idaho's share of the settlement is $419,914. About half of that will go to Idaho Medicaid as restitution, and about half will go to Idaho's general fund.


Ranbaxy also pleaded guilty to seven felony counts of violating the US Food, Drug and Cosmetic Act and agreed to pay $150 million in criminal fines and forfeitures.


Even last month, the European Commission (EU) imposed a fine of 10.32 euros on Ranbaxy.


In afternoon trades on Tuesday, Ranbaxy shares were trading marginally higher at Rs343.5 on the BSE, while the benchmark Sensex was also up 0.6% at 19.433.


HC says government cannot control fee structure of private, unaided schools

Mumbai's Diamond Jubilee High School declined the aid from state government and converted itself into private unaided school affiliated with ICSE

The Bombay High Court has held that the government would have no say in controlling fee structure of private unaided schools. The Court said, such schools do not get grant-in-aid but spend huge amount of money from their own funds to create facilities and extra-curricular activities for students.


Hearing a petition filed by Diamond Jubilee High School in Mazgaon justices SJ Vajifdar and MS Sonak held that there was nothing to indicate that the petitioners (school authorities) had acted malafide.


Accordingly, the court set aside an order passed by the Education Department of Maharashtra directing a private unaided school in Mumbai to refund fees to a group of students from academic year 2006-07 to 2011-12 as the school did not get affiliation to ICSE.


Diamond Jubilee High School, a minority educational institution, was affiliated to the Maharashtra State Board of Secondary and Higher Secondary Education (SSCE Board) up to academic year 2006-07. The school was receiving aid from the Government till this period. However, thereafter it decided to decline aid and convert itself into a private unaided school.


The school resolved to convert affiliation from SSCE Board to ICSE, in respect of secondary section of the school, that is, from standard ‘V’ onwards. In this regard, the necessary permissions were applied for and obtained. The conversion was to take place progressively, which means that each year one higher class would stop receiving aid.


The judges further said that the facts set out in the petition have not been disputed by the respondents. In fact, no counter has been filed by any of the respondents.


The judges opined that the right to establish an educational institution is a right guaranteed by Article 19(1)(g) of the Constitution and as such any restriction upon such right can be placed only by law enacted by legislature and not by a Circular or a Resolution issued under Article 162 of the Constitution of India.


White House says Snowden must not be allowed further travel

White House said it believed that there is a strong legal justification for Russia to expel Snowden and, given that he is wanted here on felony charges, that he should be returned to the US

The White House has said that Edward Snowden, who is wanted in the US on charges of felony, should not be allowed to travel further from Moscow. Snowden, the fugitive former operative of Central Intelligence Agency (CIA) is stranded at Moscow airport since past 10 days.


White House Press Secretary Jay Carney told reporters "We’ve made very clear that he (Snowden) has been charged with felonies and as such, he should not be allowed to proceed in any further international travel other than travel that would result in him returning to the US."


Three Latin American countries have accepted the asylum request of Snowden, who fled the country after leaking the secretive American internet and phone surveillance programme, PRISM, which has outraged several countries including close US allies.


Snowden first flew to Hong Kong and then to Moscow, where he is stranded now as the US has withdrawn his passport in the absence of which he cannot travel further.


Carney said, “We have a very important relationship with Russia, and as the (US) President has said and others have said, we believe that this is not something that should negatively affect our relationship with Russia; it is something that we are pursuing through the normal channels here, diplomatic and law enforcement channels.”


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