VAT holds up inclusion of local taxes in MRP
The pandemonium over VAT execution appears to be pushing to back burner the blueprint of the Ministry of Chemicals & Petrochemicals to make maximum retail prices (MRP) of medicines inclusive of taxes.

Exim policy welcomed by industry stalwarts
Union Commerce Minister Arun Jaitely, who announced the Exim policy for 2003-2004 here on March 31, has failed to include pharmaceutical industry in the priority list.