-The Economic Times MUMBAI: The ministerial panel entrusted with framing the country's drug pricing guidelines will meet Finance Minister P Chidambaram on Wednesday to discuss its final draft policy. The Group of Ministers, led by Agriculture Minister Sharad Pawar, has decided to keep the market-based pricing mechanism but tweak the methodology used for calculating the price increase, a move it hopes will address the concerns of the finance ministry. The ministry was initially...

-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 MUMBAI: Consumers can look forward to a reduction in prices of essential medicines, with the Sharad Pawar-led Group of Ministers (GoM) planning to take a final decision on the pharmaceutical policy soon. The GoM will meet on September 27 to examine options under the market price-based mechanism to cap prices of drugs, which may lead to a reduction ranging from 25% to even 90% in some cases,...

-The Indian Express Gujarat is growing, but its children remain undernourished Even as Gujarat surpasses many Indian states with impressive investments in infrastructure, agriculture, and general economic growth, little is known about how this growth is affecting the state’s social indicators. The recent buzz about the causes of undernutrition in Gujarat raise a number of issues about social and cultural preferences. However, this can be interpreted only in the broader context of...

-The Economic Times It is not uncommon for Indian companies to encounter situations that require ingenious engineering combined with a uniquely Indian approach to problem solving. Automobile companies around the world have developed some exquisitely advanced diesel engine technologies, but Indian companies had to go one step ahead. More than a decade ago, as Indian car manufacturers began improving their diesel engines, some of their customers tried to reverse their efforts by...