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It’s official: Indian economy slowed to a 10-year low of 5% in 2012-13

-The Times of India The Indian economy grew at its slowest pace in a decade in 2012-13, posing another fresh challenge for the UPA coalition to revive growth and boost sentiment ahead of the general elections next year. Data released by the Central Statistical Organization (CSO) on Friday showed that the economy grew 5% in 2012-13, compared to 6.2% expansion in the previous year. It was in line with the advanced...

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Panel bats for BPL cards to households in Maoist-hit districts -Elizabeth Roche

-Live Mint Rural development minister Jairam Ramesh said the committee's recommendations will be accepted New Delhi: A government committee has recommended issuing below-poverty-line (BPL) cards to all 4 million households in 22 backward districts that are affected by the Maoist insurgency. The committee, set up by the rural development ministry, also recommended the inclusion in another 34 such districts of households that are headed by a scheduled caste or scheduled tribe member,...

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A deception most foul-Narayan Lakshman

-The Hindu   Ranbaxy's fraudulent practices may have jeopardised millions of lives in India, Africa and the U.S. Exactly two weeks ago, the pharmaceuticals industry was rocked by revelations that one of the world's largest generic drug manufacturers, Ranbaxy Laboratories, pleaded guilty to seven federal criminal charges stemming from its fraudulent production practices dating back to 2008, and agreed to pay U.S. regulators $500 million in fines. Much has since been said about Ranbaxy's...

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Ranbaxy's dark chapter-Bhupesh Bhandari

-The Business Standard Why have Indian authorities woken up to the Ranbaxy case only now? The matter had been simmering for several years The Ranbaxy affair is one of the darkest chapters of India's business history. The company has admitted it fudged data so that it could launch its products in the United States. It has now paid $500 million as a penalty to settle the case. It is worse than Ramalinga...

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Post-2015 development agenda must focus on equality–UN experts

-The United Nations United Nations independent experts today called on countries to ensure the post-2015 development agenda focuses on equality, social protection and accountability, noting that one billion people around the world are still living in poverty. "The rise of inequality has severely undermined the achievements of the Millennium Development Goals, or MDGs," the independent experts said in their message to Member States which will meet this week in New York to...

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