Pharma sector Current Affairs - 2019

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India to add 3 Million Tech Jobs by 2023: ISF

According to Indian Staffing Federation’s (ISF) Tech Employment Projections, the Indian tech industry will add another three million new jobs in next 5 years.

Key Highlights

  • With the addition of 3 million new jobs in next 5 years, the size of country’s tech army will reach seven million by 2023.
  • Job Areas: All these new technical jobs would come up in digital technology areas such as Machine Learning (ML), Artificial Intelligence (AI), Data Science, Internet of things (IOT), Analytics, Big Data, Blockchain and Augmented Reality (AR).
  • These newer technology areas which at presently are relatively unknown, are expected to emerge and evolve in the next few years.
  • Significance: The data shows visible behavioral change happening in global IT and ITes sectors. These employment projections give big relief to millions of software engineering students and young techies, amid talks about jobless growth with automation that may replace humans with robots.
  • Data Collected: Data for projections are gathered from interaction with companies, such as Indian tech firms, global capability centres of hundreds of international firms, MNCs, enterprises like e-com, BFSI, pharma and telecom etc
  • It shows that due to technology innovation activities in India, the new and existing Global In-House Centres (GCCs) have increased hiring. Also, other than 1,300 global in-house centres (earlier called captive units) presently working in India, about 400 new are coming up in 2019.
  • It emphasises that India does not have a job problem rather an employed poverty problem.
  • Suggestions: The only sustainable way to address job problem is by industrialisation, formalisation, urbanisation and financialisation of India’s human capital.

About Global In-House Centres (GCCs)

  • GCCs were called Captive Centers in early 1990s.
  • These are offshore centers (business unit) of a company that performs designated functions for large organizations. Although it is an entity on its own but at the same time retains work and close operational tie ups within the parent company.

About India Staffing Federation (ISF)

  • It is a global Multinational organization (MNC) based in United States. It is also the apex body for ‘flexi’ working industry.
  • It acts as an organizing union mainly for ethnic Indians in fields of job recruitment, and also performs outsourcing functions for businesses like employment background screening.

Health Ministry releases draft rules for e-pharmacies to regulate online sale of medicines

Union Health Ministry has released draft rules on sale of drugs by e-pharmacies to regulate online sale of medicines across India. These rules also have been proposed to ensure accessibility and availability of genuine drugs to the people across India from authentic online portals.

Key features of rules

It is mandatory for online pharmacies to register under Central Drugs Standard Control Organisation (CDSCO) and obtain trade licence applicable across India from any state government. E-pharmacies only need to take one licence in any state. They can sell drugs all over the country even if they have one licence.

E-pharmacies need to apply for grant of registration to Central Licensing Authority through online portal of Central Government. The registration issued to any person for e-pharmacy will remain valid for three years period from date of its issuance and renewal of registration will have to be done in case it wants to continue.

Registration of e-pharmacy can be suspended or cancelled if it contravenes any provision of the Drugs and Cosmetics Act, 1940. E-pharmacy registration holder will have to comply with provisions of Information Technology Act, 2000. It is mandatory for e-pharmacy to maintain keep details of patient confidential and not disclose it to any person other than Central Government or State Government concerned.

The supply of any drug shall be made against cash or credit memo generated through e-pharmacy portal and such memos shall be maintained by e-pharmacy registration holder as record. Sale of tranquillisers, psychotropic drugs, narcotics and habit forming drugs will be prohibited through these portals.

The premises from where e-pharmacy business is conducted will be inspected, every two years, by team of officers authorised by Central Licensing Authority, with or without experts in relevant field or officers authorised by the concerned State Licensing Authority.

It will be binding on e-pharmacies to deliver drugs in specific time that will be told to patient during time of purchase while the e-portals are mandatorily required to have 24/7 call centres. The e-pharmacy cannot advertise any drug on radio or television or internet or print or any other media for any purpose.