The government has taken exception to the `biases' in the United NationsDevelopment Programme's (UNDP) Asia Pacific Human Development report, titled, One Planet, which was released on Thursday. UNDP, required to play a neutral role in international governance, has recommended that India and other countries in the Asia Pacific region take greater responsibility to reduce emissions and warned that 'inclusive growth' would increase emissions, a trade-off that India cannot afford. Pointing...
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Urgent action called for to run down 75-million tonne grain heap-Ashok Gulati
-The Economic Times Grain stocks with state agencies are likely to cross 75 million tonnes some time in June 2012, while covered capacity to store is less than 50 million tonnes. The rest would be under CAP (with pucca or even kachcha plinths) exposed to potential large-scale damage. An early and rational policy decision is required to reduce the stocks by at least 7-10 million tonnes to avoid high costs of...
More »Bayer to challenge Cipla’s decision to cut price of cancer drug
-PTI German pharma major Bayer has charged that Indian generic drugmaker Cipla had breached its patent rights by slashing the price of a generic version of its patent-protected cancer drug Nexavar last week. Bayer Pharma has not given its consent to Cipla to launch its generic Sorafenib (sold under the brand name Nexavar) and the company’s decision to cut the price of the life-extending kidney and liver cancer drug “is a clear...
More »How normal monsoon could impact agriculture, inflation, income & storage-Mishita Mehra
Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....
More »In a first, govt asks RIL to pay Rs 7,000 crore for poor gas output
-The Times of India In a first of its kind, the oil ministry has slapped a notice of $1.2 billion, or Rs 7,000 crore, on Mukesh Ambani's Reliance Industries Ltd for a sharp fall in gas output from its showcase Andhra offshore field. The notice, served on Wednesday, says the company would not be allowed to recover from sale of gas the cost of its investments worth $457 million made in the...
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