Economy snippets
² Moving ahead with its decision to open up the coal sector for commercial mining, government has identified 15 blocks to be alloted to central and state PSUs for undertaking production and sale of the dry fuel. (ET)
² Lupin pharmaceuticals Inc launched metformin, its generic copy of diabetes drug Glumetza, in the US market. A First-to-File (FTF) product, the company will be priced 15-20% lower and enjoy 180 days of marketing exclusivity by the US Food and Drug Administration (FDA). (ET)
² Sale of liquor in plastic bottles has been banned in Maharashtra with effect from April 1 this year, fearing it might harm the health of consumers, the state government has told the Bombay High Court. (ET)
² India approved the third phase of development projects being carrying out in Afghanistan. These projects are part of the 92 small-scale programmes that India had previously approved in an effort to strengthen bilateral strategic and commercial ties. (BL)
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