The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

According to the third advance estimate, India’s foodgrain production in the current farm year (to end in June 2011) will be a record 235.88 million tonnes, including an all-time high wheat output of 84.27 million tonnes against 81.47 million tonnes projected earlier. Ahead of the wheat harvest, the country had buffer foodgrain stock of 47 million tonnes at the start of 2011 in the central pool. A buffer close to double...

India is growing more wheat than it ever was. While other leading wheat producing countries like China and US are witnessing a decline in output, the country has stood as an exception with an estimated record production of 84.27 million tonnes of the staple foodgrain this year. Russia, Canada and Australia, too, are witnessing a downturn. “India is gaining internationally in the wheat production,” S S Singh, Project Director of Directorate of Wheat...

To ask a people burdened with systemic bribery to accept bribe-giving as legal is to demand they accept corruption and the existing structures of power and inequity it flows from. Let's get this right. The Chief Economic Adviser to the Ministry of Finance, Government of India, wants a certain class of bribes legalised? And says so in a paper titled “Why, for a Class of Bribes, the Act of Giving a...

The draft bill seeks to create an institution that will be independent of those it seeks to police, and will have powers to investigate and prosecute all public servants, and others found guilty of corrupting them. A number of commentators have raised issues about the provisions in the draft of the Jan Lokpal Bill. They have asked whether it would be an effective instrument to check corruption. They have pointed to...