1) Generic Drugs were in News because of Continuous Decreasing Prices.
What are generic drugs?
A generic drug is identical — or bioequivalent — to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use.
Why are the Prices decreasing :- Since Generic Drugs are the Copied Version of the original branded drug and thus their price is bound to decrease after a point.
Second reason is more and more competitors are entering the market and thus prices decrease.
Concerns of decrease in Prices:- Generic manufacturers say lower prices could put pressure on profits and threaten the viability of the companies. This could lead to a wave of mergers and acquisitions, reducing competition and leading to higher prices.
2)IMMSAREX: IONS’s maiden maritime search and rescue exercise will be held in November 2017:= Indian Navy will be joining the People’s Liberation Army (PLA) Navy in a maiden maritime search and rescue exercise to be chaired by Bangladesh at the Indian Ocean Naval Symposium (IONS) in November this year.
There are 35 members.
(QUESTION ABOUT IONS came in UPSC 2017 )
About IONS?
The IONS is a regional forum of Indian Ocean littoral states, represented by their Navy chiefs, launched by India in February 2008. It presently has 23 members and nine observers.
It is a voluntary initiative that seeks to increase maritime co-operation among navies of the littoral states of the Indian Ocean Region by providing an open and inclusive forum for discussion of regionally relevant maritime issues and, in the process, endeavors to generate a flow of information between naval professionals that would lead to common understanding and possibly agreements on the way ahead.
UPSC 2017 Question:=
Consider the following in respect of Indian Ocean Naval Symposium (IONS):
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Solution: B
3)Indian Coast Guard ship ‘Shaurya’ commissioned in Goa:=Indian Coast Guard ship “Shaurya”, the fifth in the series of six 105-metre offshore patrol vessels (OPVs), was recently commissioned in Goa.
4)India and Russia for first time are going to conduct Indra tri-services exercise, involving their armies, navies and the air forces in October 2017 to further ramp up military ties.
It will be for the first time India will participate in a tri-services exercise with a foreign country.
5)The India-ASEAN Youth Summit began in Bhopal, Madhya Pradesh to commemorate 25th anniversary of Association of Southeast Asian Nations (ASEAN)–India dialogue partnership in the ongoing year. The first of its kind event was organised by Union Foreign Ministry, Union Sports Ministry, Madhya Pradesh government and India Foundation.
What are generic drugs?
A generic drug is identical — or bioequivalent — to a brand name drug in dosage form, safety, strength, route of administration, quality, performance characteristics and intended use.
Why are the Prices decreasing :- Since Generic Drugs are the Copied Version of the original branded drug and thus their price is bound to decrease after a point.
Second reason is more and more competitors are entering the market and thus prices decrease.
Concerns of decrease in Prices:- Generic manufacturers say lower prices could put pressure on profits and threaten the viability of the companies. This could lead to a wave of mergers and acquisitions, reducing competition and leading to higher prices.
2)IMMSAREX: IONS’s maiden maritime search and rescue exercise will be held in November 2017:= Indian Navy will be joining the People’s Liberation Army (PLA) Navy in a maiden maritime search and rescue exercise to be chaired by Bangladesh at the Indian Ocean Naval Symposium (IONS) in November this year.
There are 35 members.
(QUESTION ABOUT IONS came in UPSC 2017 )
About IONS?
The IONS is a regional forum of Indian Ocean littoral states, represented by their Navy chiefs, launched by India in February 2008. It presently has 23 members and nine observers.
It is a voluntary initiative that seeks to increase maritime co-operation among navies of the littoral states of the Indian Ocean Region by providing an open and inclusive forum for discussion of regionally relevant maritime issues and, in the process, endeavors to generate a flow of information between naval professionals that would lead to common understanding and possibly agreements on the way ahead.
UPSC 2017 Question:=
Consider the following in respect of Indian Ocean Naval Symposium (IONS):
- Inaugural IONS was held in India in 2015 under the chairmanship of the Indian Navy.
- IONS is a voluntary initiative that seeks to increase maritime co-operation among navies of the littoral states of the Indian Ocean Region.
Which of the above statements is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Solution: B
3)Indian Coast Guard ship ‘Shaurya’ commissioned in Goa:=Indian Coast Guard ship “Shaurya”, the fifth in the series of six 105-metre offshore patrol vessels (OPVs), was recently commissioned in Goa.
4)India and Russia for first time are going to conduct Indra tri-services exercise, involving their armies, navies and the air forces in October 2017 to further ramp up military ties.
It will be for the first time India will participate in a tri-services exercise with a foreign country.
5)The India-ASEAN Youth Summit began in Bhopal, Madhya Pradesh to commemorate 25th anniversary of Association of Southeast Asian Nations (ASEAN)–India dialogue partnership in the ongoing year. The first of its kind event was organised by Union Foreign Ministry, Union Sports Ministry, Madhya Pradesh government and India Foundation.
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