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 is the primary goal of personal finance? What are the 4 pillars of wealth? ### **The Primary Goal of Personal Finance** The primary goal of personal finance is **achieving financial security and freedom**. This includes effectively managing money to meet current needs, prepare for future goals, and safeguard against financial risks. It ensures a balance between saving, spending, investing, and protecting resources. Key objectives within this overarching goal include: 1. **Building Wealth**: Accumulating financial assets for long-term goals such as retirement, homeownership, or education. 2. **Managing Risks**: Using tools like insurance and emergency funds to mitigate financial uncertainties. 3. **Achieving Financial Freedom**: Having sufficient resources to make life decisions without being constrained by financial limitations. 4. **Reducing Stress**: Establishing a clear plan to handle debts, expenses, and savings minimizes fi...