-The Economic Times NEW DELHI: After the UK drug regulator, the Australian drug regulator has also said that the drugs marketed by Ranbaxy Labs are safe. "At present, there is no evidence that any of the products in the Australian market manufactured by Ranbaxy are of an unacceptable quality or that there is a danger to consumers in Australia," a spokesperson for the Australian Therapeutic Goods Administration (TGA) told ET. The Australian...
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New strategies needed as rapid urbanization threatens sustainable development - UN report
-The United Nations Without fresh ideas to address rapid urbanization, the number of people living in slums lacking access to basic infrastructure and services such as sanitation, electricity, and health care may skyrocket from one billion at present to three billion by 2050, the United Nations today reported. That wake up call is one of several alarm bells sounded in the UN World Economic and Social Survey 2013, which was launched today...
More »United States finds pesticide residue in basmati, exports plunge -Madhvi Sally
-The Economic Times NEW DELHI: Basmati rice exports to the US have plunged because many Indian firms are under an import alert by the US authorities, leading to a detailed scrutiny for pesticide residue in every grain being shipped out. This has raised costs, upset schedules and obstructed sales, prompting exporters to seek government intervention. In the first quarter of calendar year 2013, exports were down to 19,583 tonne. With 31 Indian...
More »Bribery probe against Walmart inconclusive, but no clean chit to US retailer -Anandita Singh Mankotia
-The Economic Times NEW DELHI: Terming some of the answers provided by Walmart as "incomprehensible" and parts of the deposition by its just departed India boss Raj Jain as "ambiguous", a government committee set up to look into whether the US behemoth indulged in bribery in India, has refused to give it a clean chit, complicating its efforts to draw a line under the episode. The one-man committee under Justice Mukul Mudgal...
More »Government to consider gas price hike tomorrow
-PTI NEW DELHI: The Cabinet will on Thursday decide on raising natural gas prices for the first time in three years even as the move faces stiff resistance as it would result in rise in electricity tariff and fertiliser cost. The oil ministry's proposal to price all domestically produced natural gas as per a complex international hub and imported LNG-based formula suggested by the Rangarajan panel is listed as item number 8...
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