-The Times of India NEW DELHI: In a move that could significantly bring down prices of expensive medicines, a high-level committee has recommended capping of trade margins for costly drugs at 35% of MRP (maximum retail price). The recommendations - part of a report submitted by an inter-ministerial committee - have been put in the public domain by the Department of Pharmaceuticals, inviting comments on the suggestions. The committee was set up...

-The Economic Times Blog The massive increase in expenditure on irrigation in this year’s Budget has raised hopes that more water will flow into fields. This can drought-proof the farmer, increase crop output and lead to greater rural prosperity, which, in turn, will generate demand for all kinds of goods and services. So, everybody will live happily ever after. Not so simple. While higher spending on irrigation is a good beginning, a lot...

-The Hindu If the Indian government is serious about its commitment to realise the rights of its citizens to universal and equitable health care, it cannot ignore rare diseases. The draft National Health Policy, 2015, makes no mention of them Rare diseases are a diverse set of over 7,000 different conditions that afflict an estimated 1 in 20 Indians and 350 million people worldwide. Put simply, it means that every bus on...

-The Times of India MUMBAI: The 100% tax waiver announced in the Union Budget on `small flats' to encourage affordable housing can lead to builders laughing all the way to the bank. Take a hypothetical case: Nothing stops a developer from constructing tiny 300square-foot apartments in tony Napean Sea Road in south Mumbai, selling them at, say, Rs 70,000sq ft, and getting a total tax waiver on profits. Experts say no law...

-The Telegraph New Delhi: The Union environment ministry has reclassified industries depending on their pollution potential, ranging from 60 "red" category units prohibited from ecologically fragile and protected areas to 36 "white" industries that will not require any environmental clearance. The list released today after a year-long internal exercise is intended to appropriately reflect the pollution potential of India's diverse industrial units taking into account their emissions, effluents, hazardous wastes and consumption...