In a landmark decision, India’s intellectual property office on Monday allowed Hyderabad-based Natco Pharma Ltd to make and sell a copycat version of German drug maker Bayer AG’s patented cancer treatment Nexavar. It’s the first time that an Indian company has been granted the so-called compulsory licence to market a generic version of a patented drug. The drug, patented by Bayer in India in 2008, is used in the treatment of...

The Sonia Gandhi-led National Advisory Council (NAC) has released draft recommendations for a social security package for the country’s unorganized sector, which envisages providing life, disability and health cover, maternity benefits and old-age pension to workers. NAC, in a draft released on 7 March, suggested that the different welfare schemes being run by the ministries of women and child development, health and family welfare, finance and labour and employment should be...

-The Economic Times The government has allowed a local drugmaker to make and sell a patented cancer drug at a fraction of the price charged by Germany's Bayer AG, setting a precedent for more such efforts by Indian firms and heightening the global pharmaceutical industry's anxiety over the use of the controversial compulsory licensing provision.  The outgoing patent controller of India, PH Kurian, on Monday granted the country's first compulsory licence to...

-The Economic Times India has lifted the week old ban on cotton exports following intense political protests, but stiff riders have been put in place to discourage overseas hoarding.  Exports will be allowed only of consignments that had been registered before the ban after scrutiny and revalidation to eliminate ``fictitious'' transactions while issue of fresh registration certificates has been put on hold. The group of ministers headed by finance minister Pranab Mukherjee,...

Former environment minister Jairam Ramesh’s “go, no-go” policy to keep some areas out of bounds for mining is back — with a different name. The environment ministry under Jayanthi Natarajan plans to demarcate some “inviolate areas” which will not be considered for green clearances. The ministry had agreed to the recommendations of the B K Chaturvedi committee that all mining projects should be considered on merit. However, it has told a...