-The United Nations World food prices rose for a second straight month, the United Nations Food and Agriculture Organization (FAO) today said, while global production of coarse grains could set a new record this year with strong growth also projected for global wheat and rice production. FAO's Food Price Index - which measures monthly changes in international prices of a basket of meat, dairy, cereals, oils and fats, and sugar - rose...
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A suitable CAG -Ratna Viswanathan
-The Indian Express As the tenure of the incumbent draws to a close, let's debate the institution's structure and powers It is time for the selection of a new comptroller and auditor general as the tenure of the incumbent draws to a close on May 22. Traditionally, the CAG has been an unseen agency, churning out audit report after audit report on every department supported by government funds every year. The last...
More »Novartis case may make foreign firms more wary of Indian drugs market-Ravi Ananthanarayanan
-Live Mint SC judgement may not open a floodgate of revenues for local pharma firms; nevertheless, it is a psychological win The Supreme Court has dismissed an appeal by Novartis AG to revoke denial of a patent to its cancer drug Glivec. The judgement is important because multinational companies (MNCs) can be denied patent protection on improved drugs unless they can prove the medication has better efficacy. Although this decision will displease...
More »No change in global food prices after months of decline, UN agency says
-The United Nations World food prices are steady after three months of decline with increased prices for oil and fats balancing out lower cereal and sugar prices, the United Nations Food and Agriculture Organization (FAO) today said. FAO’s Food Price Index – which measures monthly changes in international prices of a basket of meat, dairy, cereals, oils and fats, and sugar – remained at 210 points in January, same as in December. The...
More »India’s benign constitutional revolution-Shivprasad Swaminathan
-The Hindu How ‘We the People’ came to be the source of authority of the Constitution This is the story of how and why the framers of the Constitution of India deliberately designed a procedural error in the adoption of the new Constitution with a view to severing the seamless transition of legal authority from the British Crown-in-Parliament to the new Republic of India. The deliberate procedural error consisted in a deviation...
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