The performance of the upcoming biotechnology regulatory authority of India (BRAI), would be supervised by an inter-ministerial governing board, even though the time frame in which the regulatory body would come up is not clear. This is a clear deviation from the previous stance, which conceptualised the setting up of the regulatory body under the direct control of the department of biotechnology. “The Bill provides for setting up of inter-ministerial governing...

Justice Soumitra Sen may be making history as only the second judge on his way to impeachment but he still enjoys a big salary. Despite being indicted many times for corruption, the judge has comfortably managed to exploit the loopholes in the system. Excluding allowances and perks for fuel, attendants, house rent, phone and medical bills, Justice Sen's salary today stands at Rs. 80,000 per month. That means roughly Rs. 160,000...

The Right to Food Campaign said on Thursday that it was “extremely disappointed” with the recommendations of the National Advisory Council (NAC) on the proposed Food Security Bill and that it would continue its struggle for a Comprehensive Food Security Act. Urging the NAC to “reconsider” its decisions, the Campaign said that the main objective of the proposals seems to be to minimise the budgetary and foodgrains burden of the [proposed]...

Mining companies will have to start paying compensation to project-affected people right from the day a mining block is allocated to them and not when they start generating profits, a proposal that will further sweeten the deal for those who lose their land to industrialisation, but stoke more protest from miners. Once the project starts making profits, the displaced families will be provided an annuity income from the net income, but...

The term “bottom of the pyramid” (BOP), coined by the late C K Prahalad, became wildly attractive in the early noughties, in part because the concept, which suggests that it is possible and legit to make money from the poor, provided a leavening justification for the animal spirits of capitalism in poor countries like India and China with their growing list of Forbes billionaires. On the verge of the second decade...