-Live Mint There are also ways in which we can help Indian institutions that have come to us seeking access to our technologies Bangalore: A key perception change is emerging in the global pharmaceutical industry on the long-established divide between the so-called generics and innovative business. While the two are still at loggerheads in several developed as well as developing markets, the world’s top drugmakers are reinventing the wheel. Paris-based Sanofi SA,...

-Outlook Nobel laureate Joseph E. Stiglitz is one of the world’s leading economists. A former chief economist at the World Bank and currently University Professor at the Columbia Business School, he was recently in India to attend an international conference on development and to promote his new book, The Price of Inequality. He spoke to Pranay Sharma about growing inequality in the world and the challenges facing India. Excerpts: * Your coinage,...

-The Times of India India's two top metros, Mumbai and Delhi, still lack what it takes to be world class cities. In a United Nations report on world's cities, India's financial capital ranked 52 among 95 cities while the political capital came in 58th. The State of World's Cities report released by UN Habitat on Wednesday, ranked cities on five parameters of "prosperity". While Shanghai, Beijing and Bangkok were all ranked higher...

-The Business Standard The default approach to reform - minimalistic and confused - will lead India into crisis  It is encouraging that the Planning Commission has undertaken an innovative exercise in scenario building for the country as part of the Approach to the 12th Five-Year Plan. The results are available in a document titled “Scenarios: Shaping India’s Future”, which can be found on the Planning Commission’s website. The merit of the document...

-The Hindu The Finance Ministry proposal to create a National Investment Board with extraordinary authority to supersede individual ministries and decide the fate of expensive infrastructure projects is a retrograde measure that strikes at the root of democratic governance. The basic tenets of all law-making include public participation, equity and justice, more so when it comes to the environment and welfare. India’s laws on protection of the environment, forests, wildlife and...