The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world. According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is...

For years now, at least since India passed amendments to the Patent Act to allow product patents in 2005, patents on drugs have coloured and overwhelmed the debate on health issues in the country. Now, the issue of patents on seeds and agriculture inputs promises to become the hot new topic. An indication is the response to a news report “Battle royal over Bt cotton royalty” (May 28, Business Standard)...

That hospital births curb mother and child deaths is probably a no brainer. Convincing expectant mothers to get admitted to a hospital is only part of the problem in India’s rural healthcare system. The other challenge is abysmal infrastructure: There is just one hospital bed for every 10,000 Indians living in villages and one in 10 primary health centres in rural areas stumble along without doctors. The result is a human tragedy....

Batten down the hatches? Pull out all the stops? It might be difficult to find the cliché that adequately emphasises the urgency with which the government needs to tackle inflation. The worry is not just that May inflation was in double digits (10.16 per cent). It is also a fact that prices of commodities other than food are now beginning to gallop. Inflation in non-food manufactured products (often referred to...

In a move that could benefit more than 62 lakh school teachers in government, municipal and private unaided schools, the Centre plans to provide them with life insurance and health insurance at highly subsidized rates. The HRD ministry has already held detailed discussions with LIC, with the public sector insurance giant coming up with an "indicative scheme" with two components. The first component on life insurance would be available for...