-The Hoot We can either spend another year discovering how much the old model is disintegrating or we can explore alternatives. But India has not developed a tradition as yet of not-for-profit journalism, says SEVANTI NINAN. Two recent developments at the New York Times and at Time Inc. which publishes Time magazine underscore the fact that financing has and will remain become the number one issue for the future of journalism as...
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Vedanta rejection at Niyamgiri won't be the last; jinx of bauxite mining may continue -Meera Mohanty
-The Economic Times When the voting stops on August 19, the scorecard, which is currently 9-0, may well read 12-0. An emphatic and embarrassing rejection of state and corporate plans to mine bauxite atop the Niyam Dongar hilltop in the Kalahandi district of Odisha. Twelve tribal villages that call this mountain range home have, in all likelihood, secured their religious rights over the hill and its natural resources, including 72 million...
More »EU fines Ranbaxy, others for blocking cheaper drugs
-Reuters BRUSSELS: Nine drugmakers, including Denmark's Lundbeck and India's Ranbaxy, were fined a total of 146 million euros by EU antitrust regulators on Wednesday for blocking the supply of a cheaper anti-depressant medicine to the market. The punishments follow a 2009 report by the European Commission on the pharmaceutical sector, which said "pay-for-delay" deals lead to consumers paying as much as 20 percent more for their medicines. The EU action came two days...
More »Who Manufactures Dirty Medicines?-Amit Sengupta
-Newsclick.in A few weeks back Fortune magazine and CNN carried a long online blog titled ‘Dirty Medicine' by Dinesh Thakur, a former employ of Ranbaxy, where he recounts how he came across several procedural and other lapses in the company's manufacturing facilities. Since then the Fortune blog has become one of the most widely circulated and commented upon business stories in the world. The story received attention as it came in the...
More »The fall of Saradha group revives old ghosts of ponzi schemes going bust -Atmadip Ray
-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
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