-Live Mint CERC calls for a variable ‘compensatory tariff' to be offered to Adani Power till fuel situation stabilizes In an unprecedented move, India's apex power sector regulator offered a bailout package to Adani Power Ltd in a late Tuesday order to offset losses on account of the unexpected increase in the prices of imported coal and the unavailability of domestic coal for the company's 4,620 megawatts (MW) thermal power project at...
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Food as a right
-The Hindu In its latest form, the National Food Security Bill, 2013 promises to address the extreme irony of an ambitious nation holding mountains of food in storage, while masses of its people are undernourished or even starving. The right to food is finally on the threshold of being legislated. Every step taken to widen the coverage of food security schemes is an advance. Yet, the empirical truth is that...
More »SC’s Glivec ruling setback to foreign pharma firms -Vidya Krishnan and CH Unnikrishnan
-Live Mint SC rejects Novartis's patent plea for Glivec, says it does not meet any standard of novelty or inventiveness In a landmark judgement, India's apex court rejected Swiss drug maker Novartis AG's legal challenge aimed at securing a patent for blockbuster anti-cancer drug imatinib mesylate, branded Glivec in the country. The verdict, which is seen as a setback to multinational pharmaceutical companies operating in India, may influence a rash of pending disputes...
More »Sticky food inflation a combination of fiscal indiscipline, rural wages, global factors -Sanjeeb Mukherjee
-The Business Standard Ashok Gulati in a paper also gave measures to contain the inflation As India's food inflation continues to remain stubbornly high - it was in double digit for the third straight month in February 2013 at 11.38% - a discussion paper floated by eminent agriculture economist and chairman of Commission for Agriculture Costs and Prices (CACP) Ashok Gulati has blamed high fiscal deficit, rising farm wages and global food...
More »Granaries full, but cereal prices up 20% -Surojit Gupta & Sidhartha
-The Times of India The Centre is blaming state governments for a near 20% rise in cereal prices despite overflowing granaries that have record stocks, and suspects that hoarding and high state levies are causing the spike. The latest wholesale price inflation data showed that the price increase in this segment was estimated at over 19%. According to the consumer price index, inflation is of the order of 17%. Last month, Food...
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