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Arvind Panagariya, a professor of Indian economics at Columbia University interviewed by Ullekh NP

-The Economic Times Arvind Panagariya, a professor of Indian economics at Columbia University, hits out at Nobel laureate and Harvard University professor Amartya Sen over his call to confront MPs with the "number of deaths" a delayed Food Security Bill can cause. The former chief economist at the Asian Development Bank counters Sen's argument that it is high social spending that has contributed to the economic growth of Asian economies such...

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Reforms’ unintended fallout -Ashoak Upadhyay

-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...

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Ranbaxy fined $500 m for flawed generics-Narayan Lakshman

-The Hindu Ranbaxy, one of India's largest pharmaceutical companies, has agreed to pay $500 million fines levied by U.S. authorities for selling adulterated drugs and lying to federal regulators in a case that is part of an ongoing crackdown on the quality of generic drugs flowing into the U.S. The deal struck on Monday, said to be the largest financial penalty against a generic drug company for violations of FDA standards, came...

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Another BJP leader named in Sohrabuddin case

-The Hindu Mumbai: The Central Bureau of Investigation (CBI) has named Gulab Chand Kataria, a senior leader of the Bharatiya Janata Party (BJP) from Rajasthan, in the supplementary charge sheet it filed on Tuesday in the Sohrabuddin Sheikh fake encounter case. The former Rajasthan Home Minister is the second prominent BJP leader to be named in the case after the former Gujarat Home Minister, Amit Shah. Sessions court in Mumbai has issued...

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Why Orissa mining may not go the Goa way -Meera Mohanty

-The Economic Times Three weeks ago, when the Supreme Court reopened the iron-ore mining door some more in Karnataka, miners in Orissa breathed a Rs 50,000 crore sigh of relief. Also in the dock for some offences of a similar nature, Orissa's iron-ore miners, who produce a third of this mineral that is critical to steel, had been dreading their fate, which lay in the hands of a Central government panel. The...

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