Medical devices to be treated as drugs from April 1 : Bulletin: Business Today
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Medical devices to be treated as drugs from April 1

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April 1, 2020

India's Foreign Trade Policy extended by one year with some changes

India's Foreign Trade Policy (FTP) ending March 31 has been extended by another year. The existing sops will thus continue till March 31, 2021. The present policy, which came into force on April 1, 2015, had five-year validity up to March 31, 2020. The Ministry of Commerce in a release said the decision was taken in view of the unprecedented situation arising out of the COVID-19 pandemic.

Lakshmi Mittal announces Rs 100 cr to PM CARES Fund

NRI billionaire Lakshmi N Mittal on Tuesday announced a contribution of Rs 100 crore to the PM CARES Fund to combat the spread of the deadly coronavirus in India. "Both our operations in India commit equally to a total of Rs 100 crore to PM-CARES for the ongoing relief efforts countrywide," Mittal said in a statement.

Medical devices to be treated as drugs from April 1

The central government on Tuesday notified all medical devices sold in the country will be treated as drugs under the Drugs and Cosmetics Act with effect from April 1, 2020. This means, all medical devices will be regulated by the government as drugs for quality control and price monitoring. Currently, 24 medical devices are regulated under the Drugs and Cosmetics Act.

Read: Share Market LIVE: Sensex drops over 1,100 points, Nifty below 8,300; SGX Nifty, Dow Futures down 3.5% each

Coronavirus death toll in US reaches 3,600 as reinforcements reach NYC

The US death toll from the coronavirus has climbed past 3,600, eclipsing China's official count, as hard-hit New York City rushed to bring in more medical professionals and ambulances and parked refrigerated morgue trucks on the streets to collect the dead. Worldwide, more than 800,000 people have been infected and over 40,000 have died, according to a tally kept by Johns Hopkins University.

Tesla plans to supply FDA-approved ventilators free of cost: Musk

Tesla Inc Chief Executive Elon Musk said the company has extra FDA-approved ventilators that can be shipped free of cost to hospitals within regions where the electric carmaker delivers. Governments across the globe have appealed to automakers and aerospace companies help procure or make ventilators and other medical equipment amid the pandemic.

Also Read: Coronavirus in India Status: COVID-19 positive cases near 1,400 mark, death toll climbs to 35; check state-wise tally


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