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Major News and Events of 24 May 2016

What Happened on 24 May 2016


AAP ranks second in fund collections

Cash collections have accounted for a whopping 63% of the total funds with Rs. 2,100 crore collected by various political parties during the all state assembly polls between 2014 and 2015. Data analyzed by Association for Democratic Reforms (ADR) reveals the fact that the parties have collected Rs. 2,107 crore during 71 state assembly elections with AAP grabbing the second position by collecting a total fund amounting to Rs. 38.54 crore in addition to Rs. 22.66 crore as expenditure.

NPPA slashes prices of 27 scheduled formulations

The National Pharmaceutical Pricing Authority(NPPA) has slashed the prices of 27 scheduled formulations, that are being used in common medicines by up to 48%. That means, doses of insulin, antibiotic, oral rehydration solution (ORS), folic acid health supplements and 23 other formulations would get cheaper by 48%. Other brands that would witness a price fall include Electral, Moxikind, Zifi, Novamox, Folvite, Brutaflam and Insugen.

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500 seats to be available in DU colleges soon

With some of the DU colleges beginning new courses this year, more number of seats would be up for grabs by students. Currently, there are 54,000 seats in 63 DU colleges and this could increase with the hike in number of courses offered by the colleges. For instance, Bhim Rao Ambedkar College will be starting history (hons) which would add 40 more seats to the existing 872 seats.