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Indian drug makers face heat of US regulator's crackdown-Sushmi Dey

-The Business Standard Data also show that several other leading domestic pharma companies have recalled their products from the US Frequent drug recalls, warning letters and import alerts from the US in the recent past have turned into a major concern for the Indian pharmaceutical industry and investors. While Ranbaxy Laboratories recently pleaded guilty before the US authorities for its wrongdoings in the past, the crackdown on the drug companies seems to...

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Working class of India, untie from nanny state

-The Economic Times Over the last decade the UPA government has tried to reduce poverty by legislating a regime of rights accompanied by the national rural employment guarantee (NREG) programme -spending Rs 1,70,000 crore on this strategy. This strategy would have been fine if the transformation of India from a strong currency, high growth and low inflation economy to aweak currency, low growth and high inflation economy had been accompanied by a...

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Why India Trails China-Amartya Sen

-The New York Times CAMBRIDGE, Mass. - MODERN India is, in many ways, a success. Its claim to be the world's largest democracy is not hollow. Its media is vibrant and free; Indians buy more newspapers every day than any other nation. Since independence in 1947, life expectancy at birth has more than doubled, to 66 years from 32, and per-capita income (adjusted for inflation) has grown fivefold. In recent decades,...

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Bitter pill

-The Business Standard Drugs are unaffordable, but price control is the wrong answer There is little doubt that medicines in India are too expensive for most of the population. For the poorest 20 per cent of Indians, the expenditure on medicines alone is 85 per cent of what they spend on their health, according to the National Sample Survey. A World Bank study on the subject found that just out-of-pocket medical costs...

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Rain rage wrecks hill states

-The Telegraph At least 50 people have died in rain-triggered landslides, house collapses and flash floods in the north, mostly in Uttarakhand that has halted the popular Badrinath pilgrimage with around 30,000 pilgrims, many from Bengal, stranded. Three days of incessant rain have sent into spate Uttarakhand rivers that have burst banks and washed away houses - one of them a four-storey structure that had been vacated, apart from a temple. At least...

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