-PTI Global Financial Integrity puts the cumulative illicit money moving out of the country at Rs 28 lakh crore in 10 years Washington: As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an estimated USD 94.76 billion (nearly Rs 6 lakh crore) illicit wealth outflows in 2012. As a result, the cumulative illicit money moving out of the country over a...

-Economic and Political Weekly The National Democratic Alliance government has constituted the IPR Think Tank which, among other things, is to draft the National Intellectual Property Rights Policy. India may not have a policy per se but it has a strong legislation on IPRs, a functioning patents office and mechanisms to grant patents as well as protect consumer interests. The Think Tank has other issues it needs to address, but is...

-Livemint Less than a third of internal remittances flow through formal institutional channels (like banks) and this where the use of Aadhaar can have a major positive impact India is the largest recipient of remittances from its workers abroad. It received close to $70 billion in 2013-14, which was about a not-insubstantial 3.5% of GDP (gross domestic product). About 30% of these remittances are from West Asia and another 30% or so...

-PTI New Delhi: After the recent failure of WTO talks, India on Wednesday hoped that by September it will convince the multi-lateral trading body about the need for developing nations to give subsidies on food stocks so that it is relieved of the "draconian sword". Commerce Minister Nirmala Sitaraman told Rajya Sabha that the tough position adopted by India and the recent talks in Geneva had been supported by many least developed...

-The Hindustan Times Wastage of all kinds of food during farm-to-fork journey and also because of mindless indulgences by people with dispensable income whenever they visit supermarkets remains a global curse. It is known that over one-third of India's fruit and vegetables valued at over Rs. 13,000 crore is wasted annually in the absence of adequate refrigerated storage infrastructure and logistics deficiencies. The other villain is the anachronistic distribution system, favouring middlemen...