-The Times of India India has foiled an attempt by a British pharmaceutical company to claim a patent on using ginger for the treatment of cold. While Indians have been gulping down 'adrak chai' for generations as a home remedy, NICholas John Larkins, London, filed a patent application (GB2436063) titled "Pharmaceutical composition for the treatment of excess mucous production" on March 16, 2006 at the British patent office. The firm claimed a...

Most developing countries have a love hate relationship to foreign investment. They love the jobs that it creates, the technology that it accompanies, the additional choices that it provides, and the local millionaires/billionaires it creates through creative phased restrictions. On the other hand, since many developing countries have a colonial heritage, and cash is concentrated amongst developed world MNCs, the host are wary of it. The more nationalistic elements within a country...

The ministry of rural development has decided to challenge a Karnataka high court order that directed the government to pay minimum wages to MG-NREGA workers. The court order had led to a tussle within the government over whether the order should be challenged or not. While rural development minister Jairam Ramesh, who is monitoring the UPA flagship aam-admi scheme, spoke against challenging the order, finance minister Pranab Mukherjee advised him to...

The central government claims that allowing foreign direct investment into India’s retail sector will benefit small farmers, expand employment and lower food inflation. What has been the experience in India with organised retail so far and what has been the global experience with FDI? Sukhpal Singh (sukhpal@iegindia.org) is currently at the Institute of Economic Growth, Delhi. After being under relentless attack for a week, the United Progressiv Alliance government was forced to...

Recognising the impact of schemes such as the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), President Pratibha Patil on Thursday called for their further utilisation in the agriculture sector in the emerging scenario of “farm labour shortage and food security.” The President's comments are significant in the context of Union Agriculture Minister Sharad Pawar's recent letter to Prime Minister Manmohan Singh urging him to suspend the MGNREGS during crop harvesting...