The Prime Minister's Economic Advisory Council has suggested a complex combination of three pricing models to fix retail prices of 348 essential drugs to balance industry's concerns and public health. The proposal, however, has drawn the ire of drug makers who say it is a watered down version of the health ministry's proposals. The council has proposed that for medicines facing "insufficient competition" or a monopoly-like situation, the retail price should...

When the fledgling Indian government drafted its higher education policy after Independence, it formed two separate tiers for teaching and research: colleges and universities in one, exclusive research establishments in the other. The intention was of the noblest, to deploy our best talent exclusively to create an indigenous knowledge pool; in particular, to provide research input for the nation’s development. Sixty years down the line, the outcome has patently failed those...

It is worrying that the Tendulkar method, chosen by the Planning Commission to calculate the poverty line in its latest figures, underestimates the levels of poverty while overestimating poverty reduction. The figures show that 29.8% or 360 million Indians were poor in 2009-10 as compared to 37.2% or 400 million in 2004-05. A poor person has been defined as one who spends R28 per day in urban areas and R22.5...

Swaminathan Anklesaria Aiyar (TOI March 25 and ET March 28) has strongly defended the Planning Commission's stance that there is nothing amiss with the poverty line drawn at Rs 22.40 in rural areas and Rs 28.65 in urban areas (down from initial estimates of Rs 32 and Rs 26, respectively). Let us discount the copious tears being shed by various politicians and their parties on this new line of poverty...

Weather events such as extreme temperatures and drought caused global agricultural losses of 11.4 billion dollars in 2011, while 12 million hectares of farmland are lost to land degradation every year, and unsustainable agricultural practices contribute to the emission of greenhouse gases. These and other data provided by a report released Wednesday in London by leading scientists from 13 countries raise the question of how to curb the environmental crisis, guarantee...