The Centre is expected to announce a new pharma policy in the next few months. The ministry of chemicals and fertilisers has discussed with concerned stakeholders and will seek further inputs on the matter before placing the draft note to a group of ministers (GoM) for final touches, chemicals and fertilisers minister MK Azhagiri said on Wednesday. Hinting this at a conference on ‘Intellectual Property Rights: Challenges and way forward for...

The climate talks ended with uncertainty over the continuation of the Kyoto Protocol and no agreement on binding emission reductions. The difference between optimists and pessimists is that the optimists have more fun, joked Elias Freig-Delgado, a member of Mexico's Ministry of Finance Special CO{-2} Task Force and the working groups of the U.N. High-Level Advisory Group on Climate Change Financing. Mr. Delgado was speaking at the Forest Day meeting during...

Indian Centre for Islamic Finance delegation makes presentation at Yojana Bhavan The Indian Centre for Islamic Finance (ICIF) has made out a strong case before Prime Minister's Economic Advisory Council member V. S. Vyas for introducing interest-free banking in the country at the earliest to ensure “inclusive growth with innovation” in accordance with the recommendations of the Planning Commission's Raghuram Rajan Committee. An ICIF delegation from New Delhi, led by its general...

The Finance Ministry has begun its maiden investigation into over 100 offshore "financial structuring deals" undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman's net. The multi-pronged probe has been undertaken by the international taxation wing of the Income Tax department and the foreign taxation unit in the Central Board of Direct Taxes (CBDT). A number of investments and deals to the tune of billions of rupees...

Appreciating the country's commitment towards universalising health coverage for the people, health economist Robert Yates has said the country needs to increase its public spending on health either by health insurance schemes or taxation.“The entire exercise of constituting a high-level expert group on universal health coverage that India has undertaken has been done at an appropriate time when the economy is growing and the country is getting wealthier as a...