-IndiaSpend Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax Mt Abu: It’s reasonably well known that income from agriculture attracts no tax in India. What isn’t quite as well known is that of more than 400,000 taxpayers claiming exemption for agricultural income in the assessment year 2014-15, the biggest were seed giant Kaveri Seeds—it claimed Rs 186.63 crore exemption and made a profit...
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Why should we not revoke Bollgard II patent, Centre asks Mahyco Monsanto -KV Kurmanath
-The Hindu Business Line Govt acts on a letter from farmers’ union on bollworm developing resistance to technology Hyderabad: Even as it announced a nation-wide uniform price for cottonseed for the upcoming kharif season, the Union government has asked Mahyco Monsanto Biotech (India) Limited why it should not revoke the patent it granted for the Bollgard II technology. The Department of Industry Policy and Promotion (DIPP) has served a show cause notice to...
More »Falling afoul of IPR? Giant corporations suing poor farmers from developing countries, says UN report -Shreerupa Mitra-Jha
-FirstPost.com Giant agricultural corporations are seriously impacting the right to food of women, especially in developing countries like India by increasingly suing farmers for breaching patent laws, a UN expert said. “These big companies are suing farmers because the farmers are using (patented seeds) without the permission (from agricultural corporations) or (are not) buying the particular seeds. This is a very serious issue and millions of dollars the corporations are taking from...
More »IPR claims by big companies; farmers' food security under threat
-Down to Earth Patents on seeds by corporations leave farmers unable to save or share seeds Agricultural corporations may be impacting the right to food of women by taking legal action against farmers for breaching patent laws, as per a new UN study. “Big companies are suing farmers because they are using patented seeds without the permission. This is a very serious issue and millions of dollars the corporations are taking from...
More »Panel proposes 70% reduction in royalty on GM cotton seeds -Sayantan Bera and Shreeja Sen
-Livemint.com The nine-member cotton seed price control committee has recommended a maximum sale price of Rs.800 for a 450g packet of Bollgard II Bt cotton seeds New Delhi: A government panel on genetically modified Bt cotton has recommended a steep reduction in royalty fees payable to technology companies, and lower seed prices. If accepted, the recommendations will benefit nearly 8 million cotton farmers in India, but may raise concerns about how India...
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