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News
  • Expectations from Union Budget 2019 The pharma sector could be incentivized in the budget for adopting global practices & standards which enable counterfeit detection & authentication. The vision of GS1 India is to significantly enhance patient safety through elimination of medication errors, track & trace, product recalls, counterfeit detection & authentication of medicines & medical devices,” said Mr. Mr Ravi Mathur, CEO GS1. Bio Spectrum India 04 July 2019
  • Govt mulls mandatory barcoding of all medicines sold within India The government plans to make barcoding mandatory on all medicines sold locally in a bid to offset India’s growing reputation as a source of counterfeit medicines. While the system is already in place for medical devices and export of medicines to ensure their authenticity and traceability, the Union health ministry plans to take a tough stance for the domestic market as well despite resistance from drug companies. Mint news report 10 June 2019
  • FASTags can now be purchased online through Amazon FASTags are now available on e-commerce platform Amazon to further promote digital payment of toll for seamless traffic, the government said Wednesday. FASTag is a reloadable tag which enables automatic deduction of charges at toll plazas. ET Retail news report 30 May 2019
  • Government targets higher adoption of FASTag Drivers of vehicles that do not have the FASTag device installed may soon have to pay twice the toll fee on entering the FASTag lane. The device, when installed in the vehicle, enables drivers to drive through toll plazas without having to stop. Mint report 21 May 2019
  • Retail & online marketplaces adopt GS1 DataKart Online marketplaces and large retailers including Walmart, Reliance Retail and Big Basket said they are adopting global standards provider GS1 India’s DataKart– for standardised validation and authentication of information on retail products. “Adoption of the standards technology ensures companies' compliance on statutory labelling and guidelines, filtering out unauthorised products, license and certificate validation by consumers, quicker product listing, and alerts on depleted stocks and product recall,” said GS1 chief executive Ravi Mathur. The Economic Times Report 14 May 2019
  • Non-FASTag users may soon have to pay double toll fee if they enter FasTag lanes One may soon have to shell out twice the toll fee on entering the FASTag lane without the FASTag device installed in the vehicle. The device, when installed in the vehicle, enables payments without stopping the car at the toll plaza. The government is mulling imposition of a double toll fee, if non-FASTag vehicles enter the FASTag lane, a move that is expected to ensure seamless movement of vehicles in the lane and also give a boost to FASTag adoption. Mint report 13 May 2019
  • Buyers to get uniform product data Top retailers and e-tailers in India, including Amazon, Flipkart, Reliance Retail, Big Basket and the Future Group have come together to work on standardising representation of product data across various offline and online retail platforms for consistency and uniformity. The Times of India Report 10 May 2019
  • E-comm buyers to get uniform product data Top retailers and e-tailers in India, including Amazon, Flipkart, Reliance Retail, Big Basket and the Future Group have come together to work on standardising representation of product data across various offline and online retail platforms for consistency and uniformity. The move would enable seamless sharing of product data between manufacturers and these companies, resulting in substantial lowering of admin costs currently incurred in data exchange individually with each retailer or etailer. ET Retail Report 10 May 2019
  • Product data Reliability for Omni-Channel Retail At last year’s ‘Thanksgiving Day’ and ‘Black Friday’ in the US, online shopping overshot sales through retail stores, reversing the shopping trend of earlier years. With rapid proliferation of online shopping portals and expected expansion of modern retail trade from 10% to over 25% in the next few years, providing a seamless shopping experience to consumers becomes imperative. It needs to be kept in mind that today’s hyper-connected consumer researches thoroughly for a product, both off-line and on-line before deciding to buy. CII Blog 09 May 2019
  • Barcoding raw materials used in drugs to become mandatory The Union health ministry will make it mandatory for all active pharmaceutical ingredient (API) packages to be barcoded to detect spurious drugs and monitor imported and indigenously produced raw materials used to manufacture medicines. APIs are critical components that make drug formulations potent against disease. There are about 2,500 APIs that are used to create hundreds of thousands of drug formulations. Article 22 April 2019
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