NEW DELHI: It could be a second innings for special economic zones, especially those held up for years, with the commerce department proposing fresh tax concessions and a cut in the minimum area requirement to a quarter of the present specifications. The department has suggested that any zone that is not built around the identified 40 million-plus cities and state capitals would be eligible for duty benefits on capital investment for...

The country is clearly shaping its legislation to promote access to medicines by fostering generic production. INDIA'S approach to the revision of its Patents Act in 2005 is a clear example of a country shaping its legislation to promote access to medicines by fostering generic production. Although World Trade Organisation (WTO) rules made it mandatory for India to put in place a patent regime for medicines by 2005, nothing obliges...

One tweet that had many cracking up was: “Dear Mamata, normally the cartoonist tries to capture the subject. Not vice versa.” The allegation was that Professor Ambikesh Mahapatra has used email id of his neighbour Subrata Sengupta (70) to forward an e-mail containing a graphic with a humorous reference to Mamata Banerjee for replacing Dinesh Trivedi with Mukul Roy as Railway Minister. The graphic uses photographs of the three Trinamool...

The RBI’s monetary policy statement for 2012-13 has said that penetration of banks in rural areas has increased. It said that banks are now providing banking services in rural areas through 1,38,502 outlets. This includes 24,085 rural branches, 1,11,948 business correspondent outlets, and 2,469 outlets through other modes. In early March 2010, banks had only 21,475 brick and mortar branches in rural areas. No-frills accounts No-frills accounts have increased to around 99 million with...

-The Business Standard Kolkata arrest shows the IT Act is too easily misused The recent arrest of Ambikesh Mahapatra, a professor at Kolkata’s Jadavpur University, for emailing a comic strip lampooning West Bengal Chief Minister Mamata Banerjee, highlighted glaring flaws in the laws that made the arrest possible — the Information Technology (IT) Act, its amendments, and the Rules framed for its implementation. The strip was an innocuous mash-up that combined stock...