South India is way ahead of other regions in encashing on the tax-free special economic zones scheme as 79 of 130 functional SEZs are located in four southern states. Among southern states, Andhra Pradesh is on the top of the table with a maximum number of 32 operational special economic zones (SEZs) followed by Tamil Nadu (22), Karnataka (20) and Kerala (7), according to the latest government data. The sector-wise data shows...

The Rajasthan government on Sunday suspended a drug inspector and an employee of the government Umaid Hospital in Jodhpur, where 13 women have died of excessive bleeding during childbirth in the past two weeks. It announced an ex gratia of Rs.5 lakh each to the next of kin of the deceased, besides blacklisting two pharmaceutical and surgical equipment firms. The decisions were taken at a high-level meeting convened at Chief Minister Ashok...

EU is pushing India and Canada to sign free trade agreements that will hurt their generic drugs—and the outrage is global After months of prevarication, the European Union has stated publicly that the free trade agreement (FTA) it signs with India will include provisions for data exclusivity because “it is extremely important for research and innovation’’. That’s what European Union ambassador Daniele Smadja told journalists in Delhi on January 21. Smadja’s...

The Indian government is exploring a proposal to reduce the limit on foreign direct investment (FDI) allowed in the pharmaceutical industry through the automatic route to 49% from 100% amid concerns over the takeover of local drug makers by overseas firms. Officials from the ministry of commerce and industry and the ministry of health have had multiple rounds of discussions on the proposal following a note written to them by the finance...

Prof M.S. Swaminathan, the father of Green Revolution and Chairman of National Commission on Farmers (NCF) that called for revamp of policies to revitalise agriculture, says agricultural sector in India is entering a state of serious crisis. Quoting figures from National Sample Survey Organisation, he says half of the farmers in the country want to quit farming. Prof Swaminathan, who was here to deliver the Convocation Address at the Acharya N.G....