The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

Taking on board citizens' concerns over corruption and quality of governance, the 12th Five Year Plan proposes re-designing of government programmes even as it targets 9-9.5% economic growth with focus on health and education. Aiming at 100% adult literacy, the next Plan (2012-17) proposes to increase expenditure on health from 1.3% to at least 2-2.5% of GDP. The full Planning Commission meeting today presided over by Prime Minister Manmohan Singh was given...

As the World Bank and International Monetary Fund convene for their annual Spring Meetings here, soaring food prices are high on the agenda, prompting some analysts to fast-forward to 2050 and the question of how to nourish the mid-century's estimated world population of 8.9 billion people – the majority of whom will live in developing countries. "More poor people are suffering and more people could become poor because of high and...

The issue of acquiring farmland for industry is threatening to jolt West Bengal's Left Front, the world's longest-running democratically elected Communist government, says Sumit Bhattacharya A confidential digital map shows exactly how many land owners had taken the compensation, how many had taken partial compensation, and how many had refused to part with their land for the botched Tata Nano plant in Singur, West Bengal. The map -- based on Global...

Cash transfer as substitute for state service provision is a dangerous recipe for callously anti-poor and corrupt governance. THE staggering number of recent articles, papers and books on the virtues of giving cash in place of public services to the poor has created an impression that a sort of epidemic has broken out. Economists, policymakers, bureaucrats and newspaper commentators are all infected by it and are in turn infecting others. The central...