-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year)...
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Government eliminates regulatory control over non-PDS kerosene
-Business Standard The move will reduce demand for diverted PDS kerosene by improving availability of non-PDS kerosene in the open market The petroleum ministry on Tuesday announced that the government has freed regulatory control over storage, transportation and sale of kerosene sold outside of the public distribution system (PDS). To facilitate the move, aimed at increasing availability of white or market-priced kerosene, the government has amended the kerosene (restriction on use and fixation...
More »Why ending poverty in India means tackling rural poverty and power -Vanita Suneja
-Oxfam Blog Vanita Suneja, Oxfam India's Economic Justice Lead, argues that India can't progress until it tackles rural poverty. This entry was posted on 3 February 2015. More than 800 million of India's 1.25 billion people live in the countryside. One quarter of rural India's population is below the official poverty line - 216 million people. A search for economic justice for a population of this magnitude is never going to be...
More »India's IP status unlikely to improve in US Special 301 report -Nayanima Basu
-Business Standard It is an annual review of the state of IPR protection and enforcement of America's trading partners Notwithstanding the recent bonhomie of sorts between Prime Minister Narendra Modi and US President Barack Obama, India's status as ‘Priority Watch List' country for having an alleged weak intellectual property rights (IPR) and patents regime is unlikely to see any improvement in the US' 2015 Special 301 Report. The 2015 Special 301 Report is...
More »Indian drug cos worried about patent regime changes -PT Jyothi Datta
-The Hindu Business Line Seek clarification on US trade representative's testimony that India has committed to address IP issues that concern America Mumbai: Has India informally agreed to make changes in its Intellectual Property Rights regime on the basis of US concerns? A sizeable section of the Indian pharmaceutical industry and some pro-health groups are worried that it has, following US Trade Representative Ambassador Michael Froman's testimony to the Senate Committee on...
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