The Empowered Group of Ministers is likely to meet soon to consider a proposal from the Agriculture Ministry to allow wheat exports in the wake of bumper production. "The EGoM is expected to meet in a week or 10 days," Minister of State for Commerce and Industry Jyotiraditya Scindia said here today. The ministers panel is headed Finance Minister Pranab Mukherjee and comprises Agriculture Minister Sharad Pawar , Commerce and Industry Minister...

India has so far failed to get any assurance from the European Union to reconsider the ban on herbal medicines, even though the issue has been raised with the EU several times. The ban came into effect on May 1, 2011, following a new EU regulatory procedure approved seven years back. According to the EU Traditional Herbal Medicinal Products Directive, a herbal medicine company needs to demonstrate the safety and efficacy of...

Andhra Pradesh Chief Minister Kiran Kumar Reddy has stepped in to stop the rotting of grain. Just hours after CNN-IBN reported a record harvest of grain rotting because of lack of storage facilities Reddy has appointed a team of 10 IAS officers to supervise paddy procurement and has issued instructions to minimise wastage by ensuring a supply of gunny bags to warehouses. He has also reportedly asked officials to look into...

Endosulfan, the pesticide which is widely believed to be responsible for thousands of deaths, diseases and devastation, was able to save its own life largely because of India’s questionable efforts at global forums. The controversial pesticide has been in news for a long time because of its harmful effects on humans, wild life and the environment. Obviously the $100 million industry is going out of the way to defend the...

The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...