-The Economic Times The government has allowed a local drugmaker to make and sell a patented cancer drug at a fraction of the price charged by Germany's Bayer AG, setting a precedent for more such efforts by Indian firms and heightening the global pharmaceutical industry's anxiety over the use of the controversial compulsory licensing provision.  The outgoing patent controller of India, PH Kurian, on Monday granted the country's first compulsory licence to...

A young IPS officer who stood in the path of a tractor-trolley carrying illegally mined stones after the driver ignored his calls to stop was crushed to death under the vehicle in Madhya Pradesh yesterday. The death of Narendra Kumar, 30, has blown the lid off entrenched syndicates that cart off natural resources after carving up the mineral-rich regions of the state among themselves with alleged patronage from players belonging to...

In a move that will give a big push to broadband penetration in the country, the Department of Telecommunications (DoT) has cleared an ambitious plan to distribute 50-lakh tablet PCs (personal computers) to students in the next financial year (2012-13). A note containing the nitty-gritty of the ambitious Aakash-2 project is likely to be placed before the Cabinet soon. “Telecom Minister Kapil Sibal, who is also in charge of the Human...

-The Hindu Business Line    The President of Confederation of Indian Industry (CII), Mr B. Muthuraman, on Thursday said that the Land Acquisition, Rehabilitation and Resettlement Bill, 2011, would cause a five-fold increase in land prices to the industry. “No industry will be able to afford that,” he said in an interaction with journalists, on the sidelines of a conference on the theme “Tamil Nadu: Vision 2025”. The Bill is expected to be presented...

-The Economic Times Prime Minister Manmohan Singh on Tuesday assured industry that the Centre is making renewed efforts to open up foreign direct investment in multi-brand retail, despite Uttar Pradesh (UP) election results where the winning Samajwadi Party has opposed FDI in retail in its manifesto.  Singh told a delegate of senior members of industry body Assocham that the Centre is taking fresh efforts to evolve consensus amongst the various stakeholders on...