-The Economic Times The finance ministry on Thursday announced a 10% cut in non-plan expenditure in the current fiscal as part of austerity measures aimed at containing its ballooning fiscal deficit. The Centre is aiming to bring down its fiscal deficit to 5.1% of GDP in 2012-13, from 5.76% in the previous fiscal. It also hopes to cut its subsidy bill to below 2% of GDP this year. The ministry has argued that...

By all outward appearances, the controversial Print and Electronic Media Standards and Regulation Bill, 2012, has been shelved. The Congress leadership has already distanced itself from the contents of the Bill, stating that it was solely advanced by Meenakshi Natarajan, the party's Lok Sabha member from Mandsaur in Madhya Pradesh. The first-time MP, who is a close aide of party general secretary Rahul Gandhi, refused to comment on the Bill...

The private member’s Bill that Rahul Gandhi’s close aide and Congress MP Meenakshi Natarajan was scheduled to introduce in Parliament last week lays down a draconian set of rules clearly aimed to gag and threaten the media in the name of “protecting national interest”. Called the Print and Electronic Media Standards and Regulation Bill, 2012, it provides for a media regulatory authority — part selected by the I&B minister and three...

The implementation of Patents Act, as last amended in 2005, raises significant issues of immediate concern to patients across the world. INDIA'S Patents Act has an interesting history. Enacted first in 1911 as the Indian Patents and Designs Act in the colonial era, it primarily addressed the interests of inventors, who did not want their inventions infringed upon by anyone who copied them or adopted the methods used to make them....

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...