Paul A. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday at his home in Belmont, Mass. He was 94. His death was announced by the Massachusetts Institute of Technology, which Samuelson helped build into one of the world’s great centres of graduate education in economics. In receiving the Nobel Prize in 1970, Samuelson was credited with transforming his discipline from...

Drug companies in India will be prohibited from handing out cash or gifts or stand-alone entertainment to doctors under a code of ethics proposed by industry associations to govern the marketing of medicines. But the code has run into rough weather even before it has been adopted, with at least two industry associations disassociating themselves from the document, tabled at a meeting called today by the government’s department of pharmaceuticals. The two...

The current contraction in global economic growth offers an opportunity to re-assess what will foster economic resurgence.  The sustained growth of India’s IT sector is a further example of what can be achieved through strategic use of IP A strong commitment to strengthening its IP capacity will help India unleash the full potential of its people The Indian government has declared a decade of innovation, emphasising the importance of innovation...

EU trade commissioner said it will soon resolve the issue of confiscation of Indian drugs being exported to developing countries. EU Trade commissioner Catherine Ashton said a team of customs officials from the European Commission will be in New Delhi shortly to discuss the issue. “We talked about this issue. Our commitment on pharma, on generics is to find a solution that works for India,” she said after a meeting...

Opening more medical colleges is not the solution to India’s chronic shortage of doctors in the rural areas.  India is the largest supplier of foreign medical graduates to the United States and the United Kingdom. Yet, its own rural areas have remained chronically deprived of professional doctors. The historical antecedents of these shortages could be traced to a landmark health policy document, the Bhore Committee Report of 1946. That report...