-The Hindu Union Commerce and Industry Minister Anand Sharma has termed "historic" the Supreme Court's rejection of Novartis' claim for patent for its anti-cancer drug Glivec. He said the Indian Patent Act was in conformity with its international obligations under the Trade Related Aspects of Intellectual Property Rights Agreement. "It is a historic judgment. It reaffirms the position of Indian law and, in particular, provisions of Section 3D, which mandates... a substantive...
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No tax relief for SEZs, rules Chidambaram -Sidhartha
-The Times of India In a major setback to special economic zone (SEZ) developers, finance minister P Chidambaram has turned down the Commerce department's plea to cut the minimum alternate tax (MAT), which was imposed two years ago. A lower or no tax burden was cited as one of the main drivers for boosting investment in what were until recently duty-free enclaves. The Commerce department had made a case for reversing Chidambaram's...
More »Tankers and the economy of thirst-P Sainath
-The Hindu The water markets of Marathwada are booming. In the town of Jalna alone, tanker owners transact between Rs.6 million and Rs.7.5 million in water sales each day Thirst is Marathwada's greatest crop this season. Forget sugarcane. Thirst, human and industrial, eclipses anything else. Those harvesting it reap tens of millions of rupees each day across the region. The van loads of dried-out cane you see on the roads could end...
More »THOSE WHO MADE THE RIGHT KIND OF NOISE -Prasenjit Bose
-The Telegraph Many Indians stand in solidarity with the protest launched by the academic community in the University of Pennsylvania against the decision to invite Narendra Modi, writes Prasenjit Bose S L. Rao's criticisms of the academics of the University of Pennsylvania, who had initiated a campaign against Wharton Business School's invitation to Narendra Modi, in his article, "The trip that never was" (March 18), are not only unwarranted but they also...
More »European Union-India FTA may hit generic medical industry-Rema Nagarajan
-The Times of India The free trade agreement that European Union is pushing India to sign could put an end to India's status as the pharmacy of the developing providing affordable medicines, especially HIV drugs to countries like Brazil, Thailand, South Africa, Zimbabwe and several others. The negotiations with EU are on at a feverish pace this week in Brussels even before the parliamentary standing committee looking into the free trade...
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