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An odd royalty calculus by Latha Jishnu

For years now, at least since India passed amendments to the Patent Act to allow product patents in 2005, patents on drugs have coloured and overwhelmed the debate on health issues in the country. Now, the issue of patents on seeds and agriculture inputs promises to become the hot new topic. An indication is the response to a news report “Battle royal over Bt cotton royalty” (May 28, Business Standard)...

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Developing countries set to account for nearly 60% of world GDP by 2030, according to new estimates

The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...

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Why is feeding the hungry so controversial?

The US Senate is expected to pass the Global Food Security Act, new legislation that would significantly expand the government's commitment to combating hunger worldwide with a broad range of measures and more money, and a special coordinator, or "food czar", to oversee implementation of these provisions across agencies. A proposed new fund would allocate several billion dollars over five years to research and development, to enhance "food security, agriculture productivity,...

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Games big corporations play by P Sainath

Bhopal marked the horrific beginning of a new era. One that signalled the collapse of restraint on corporate power.  Over 20,000 killed. Over half a million victims maimed, disabled or otherwise affected. Compensation of around Rs.12,414 per victim on average on the 1989 value of the rupee. ($470 million or Rs.713 crore. And that divided among 574,367 victims.) Over a quarter-of-a-century's wait. To see seven former officials of Union Carbide...

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Bhopal gas disaster: 12-year-old attempts to 'summon' Anderson

A 12-year-old Indian-American activist tried to issue summons for Warren Anderson, former chief of Union Carbide over the deadliest 1984 gas disaster in Bhopal. "Today we are here to appeal to Warren Anderson and summon him to the Indian court where he has been charged with culpable homicide, which is the equivalent of manslaughter in America," Akash Viswanath Mehta said, standing outside a skyscraper on Park Avenue, which houses the law...

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