Are Physicians Permitted to Sell Medicines? Here’s What the Law and Code of Conduct Say The Drugs Act, 2035 (1978) and the Drug Registration Regulations, 2038 (1981) stipulate that medicines cannot be sold or distributed without proper registration, certification, and the availability of necessary human resources and infrastructure. Patients visit physicians for medical treatment. The physician examines the patient, diagnoses the illness, and prescribes the necessary medication; the patient then proceeds to a pharmacy to purchase it. However, in some instances, medicines are provided to patients directly from the physician’s own clinic or health institution. This gives rise to a significant question: are physicians permitted to sell medicines? This issue extends beyond a mere matter of professional jurisdiction between physicians and pharmacists. It encompasses concerns regarding the safe use of medicines, a patient’s right to choose , conflicts of interest , the pricing and quali...
What are the 5 C's of personal finance? What are the 4 pillars of personal finance? ### **The 5 C’s of Personal Finance** The **5 C’s of personal finance** provide a framework to assess financial health and decision-making. These principles are often used by lenders to evaluate borrowers, but they can also guide individuals in managing their personal finances. Here’s what they entail: --- #### **1. Character** - Refers to your financial responsibility, creditworthiness, and reliability. - Lenders assess this through your credit history and payment habits. - For personal finance, it’s about maintaining good financial discipline, such as paying bills on time and avoiding unnecessary debt. --- #### **2. Capacity** - Represents your ability to repay debts or meet financial obligations. - Measured by your income, expenses, and debt-to-income (DTI) ratio. - In personal finance, it involves ensuring your expenses are well within your earnings and having a solid plan to manage loans. --- ...