-Economic and Political Weekly The compulsory licence for Nexavar is only the beginning of a new battle over drug prices. The grant of a compulsory licence (CL) to Natco Pharma, a relatively small Indian pharmaceutical company, to manufacture and sell the cancer drug sorafenib (Nexavar) has been rightly hailed as a major step forward for public health and the wider availability of life saving medicines.   The German pharmaceutical company Bayer holds the patent...

Recent events in south Asia have led to an unexpected reversal in the narrative of microfinance, long presented as a development success. Despite charges of poor treatment of clients, exaggeration of the impact on the poorest as well as the risks of credit bubbles, the sector can play a non-negligible role in reaching financial services to low-income households. In regulating the sector, there is need for caution in setting interest...

Real wages in the hinterland have stagnated despite zooming economy While the economy has zoomed along at an average of 7.2% of GDP in the last decade, real wages in the hinterland have stagnated. You would imagine that after a decade of impressive economic growth averaging around 7.2 per cent, rural populations would be beneficiaries to this story. However, wage patterns considered over the last ten years show that real wages (wages...

Jairam Ramesh's removal as Environment Minister creates uncertainties for domestic environment policy and the deadlocked global climate talks. WHATEVER one may think of its overall impact, the recent Cabinet reshuffle was not exactly a damp squib. Its single most important component was Jairam Ramesh's replacement as the Minister of State with independent charge in the Ministry of Environment and Forests (MoEF) by Jayanthi Natarajan, a relative political lightweight with very little...

It was quite a role reversal. Moments after my photojournalist colleague Sayantoni and I introduced ourselves to the chief medical officer of Jhajjar district in Haryana, he did what we as journalists normally do. Reel off a barrage of questions. The first question was new (not what one generally faces while covering renewable energy policy in Delhi), “Bhai-behen kitne hain? (How many sisters/brothers you have?)” and my quick answer was “koi...