Having watched from the ringside for many years now, I have no doubt in advising that the steering wheel must be firmly grasped by the government and direction given to policies that should be stable for at least the medium term. This is crucial for the growth of Indian pharma, a $20-billion industry growing at an average of 12% considering both domestic and export arenas. Price control: The biggest and most...
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Households expect marginal fall in inflation: RBI survey
-The Economic Times Indian households expect that inflation will be somewhat reined in, points out a Reserve Bank of India survey on inflation expectations. The findings of the 27th round of the central bank's inflation expectations survey of households conducted in March 2012, show that inflation expectations for the coming three-month period marginally declined to 11.7% from 12.4% in the previous round. The inflation expectation for the year ahead period has marginally declined...
More »No closure
-The Indian Express The SIT was set up to clear the path for justice in Gujarat. Instead, it trips on itself Ten years after the riots in Gujarat, many answers are still to be wrenched out of the system. However, the judiciary has shown its determination to ensure a thorough accounting — last month, a judgment on the Ode killings convicted 23 people. The Supreme Court, in particular, has taken extraordinary measures...
More »For a universal old-age pension plan-Prabhat Patnaik
With the elderly likely to constitute a quarter of India's population by 2050, there is need for a publicly-funded, universal scheme that will overcome destitution among the aged India's social security system is woefully inadequate, when compared even to those in third world economies with no higher per capita incomes. Some States in India have fairly comprehensive social security schemes — notably Kerala, also West Bengal and Tamil Nadu — but...
More »Reaping gold through cotton, and newsprint-P Sainath
The same full page appeared twice in three years, the first time as news, the second time as an advertisement “Not a single person from the two villages has committed suicide.” Three and a half years ago, at a time when the controversy over the use of genetically modified seeds was raging across India, a newspaper story painted a heartening picture of the technology's success. “There are no suicides here and people...
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