A rural Indian spending Rs. 22.50 a day would not be considered poor by a Planning Commission whose Deputy Chairman's foreign trips between May and October last year cost a daily average of Rs. 2.02 lakh Pranab Mukherjee's stirring call for austerity tugs at the national tear ducts. Prime Minister Manmohan Singh has pleaded for it in the past and watched his flock embrace it creatively. With the Finance Ministry even...
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Parliament's say extends to the classroom-Prabhat Patnaik
It was entirely correct for the Lok Sabha to have intervened in the textbook row as it represents the people, and their right to an egalitarian society, better than any group of “experts” Too many red herrings have entered into the debate over the removal of the cartoon from the class XI Political Science textbook of the NCERT. Let us, to start with, get these out of the way. First, the...
More »Govt to continue provision for allowing land acquisition for PPP projects: Jairam Ramesh
-The Economic Times Rural development minister Jairam Ramesh has backed state intervention in acquiring land for public-private partnership (PPP) projects, going against the recommendations of the parliamentary standing committee that scrutinized the bill. "The government must have a role in land acquisition," Ramesh told a news conference. "We must recognize that we are not at a stage of development where government's role can be 'eliminated." The minister said he did not support the...
More »Bayer demands withdrawal of Natco Pharma's compulsory licence-Khomba Singh
German drugmaker Bayer AG has demanded the withdrawal of the country's first compulsory licence given to Natco Pharma, arguing that a three-fourth reduction in the price of the anti-cancer drug by another Indian firm has made the permit redundant and its patent itself is vulnerable to being revoked. In March, India allowed Natco Pharma to legally make and sell a low-cost version of cancer drug Nexavar at 3% of the original...
More »Cooking gas and kerosene subsidies call for urgent reform
-The Economic Times Open-ended consumption subsidies on petroleum products have wrought havoc on government finances. Reportedly, the trio of public sector oil marketing companies have of late blocked some 3.8 million parallel household connections of liquefied petroleum gas (LPG), in a bid to rationalise the subsidy outgo. The move to weed out multiple LPG connections does make sense. But we need to keep the big picture in mind and overhaul the pricing and...
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