New Delhi: Yoga guru Ramdev's trust have challenged the action of the Income Tax department to slap a tax demand of Rs 58 crore on their income through sales of ayurvedic medicines.
"Since inception we have been doing charity in terms of providing medical relief and other such activities to the needy. We have challenged the I-T department's notice at the Commissioner of I-T (Appeals) office and we know that we will get justice," Ramdev's spokesperson SK Tijarawala told in his reaction to the I-T department's action.
08:32 PM, May 17, 2012
New Delhi: The Rs 600 crore Ayurveda industry in Kerala is facing its biggest challenge. The state government is clamping down on what it considers dubious claims by three companies that promise magical remedies. Products worth almost Rs 2 crore have been seized and the three major companies may lose their licences. The Drugs Controller of Kerala is set to cancel the licenses of the Ayurvedic giants for violating provisions...
07:42 AM, May 16, 2012
London: A ban on the sale of Ayurvedic and other herbal medicines will take effect across Europe from May 1 following a European Union directive introduced as a response to growing concern over adverse effects of such alternative medicines. Users and promoters of such medicines have called the EU directive called The Traditional Herbal Medicinal Products Directive, 2004/24/EC, "discriminatory and disproportionate". Ayurvedic and traditional herbal medicines will need to licensed...
05:56 PM, Feb 03, 2011