-Business Standard Indian and other generic drug firms face prospect of US legislature debating compensation for undue price rises Indian generic drug makers might, if a proposed US law comes about, need to pay a rebate to the federal Medicaid programme there when prices of their medications outpace inflation. A Bill is to be introduced in the US Senate by a member, aimed to cushion the impact on taxpayers in this manner...

-Economic and Political Weekly The National Democratic Alliance government has constituted the IPR Think Tank which, among other things, is to draft the National Intellectual Property Rights Policy. India may not have a policy per se but it has a strong legislation on IPRs, a functioning patents office and mechanisms to grant patents as well as protect consumer interests. The Think Tank has other issues it needs to address, but is...

-Business Standard India, China, the Gulf and other large developing economies form the fastest-growing market for the refrigeration industry Despite India changing its stance and keeping quiet, select developing countries were able to delay the launch of formal talks on the phasing out of climate change-causing refrigerant gases under the Montreal Protocol, meant to deal only with ozone-depleting substances. Prime Minister Narendra Modi had signed a pact with US President Barack Obama during...

-Business Standard The committee has suggested an umbrella law to help set up new national and state-level regulators that would also take the powers of the existing pollution control boards The T S R Subramanian committee, constituted about three months ago to review laws related to environment and forest protection, has recommended some big-ticket changes to the rules and legislation. These include a complete overhaul of certain laws, special fast-track dispensation...

-The Economic Times NEW DELHI: The government could soon undertake extensive changes in its land use and acquisition policies as the PMO puts pressure on the agriculture ministry to implement the recommendations of an eight-year-old report that was prepared by a working group chaired by the then Gujarat CM Narendra Modi. The report had proposed that industries and developers could make use of productive agricultural land for industrialisation and urbanisation by ensuring...