-Live Mint Natco Pharma Ltd, which has started selling a generic version of Bayer AG’s patented cancer treatment Nexavar in India at a fraction of the price charged by the German firm, plans to use the so-called compulsory licensing route to try and win the right to copy more patented drugs, said vice-chairman and chief executive officer Rajeev Nannapaneni. The Hyderabad-based company has already identified the patented drugs for which it will...
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Tax payers ignorance costs Rs 660 crore to government every year: TaxSpanner Report-Vidyalaxmi
-The Economic Times More than 94% of employees in India do not report income from other sources. This causes a loss of approximately Rs 660 crore to exchequer annually, says a report by TaxSpanner.com, a tax filing online portal. "More than 94 per cent of employees - liable to pay more than 10 per cent of their taxable income as tax - do not report income under the head, "Other Sources"," the...
More »Bio-toilets in trains to prevent track corrosion
-PTI With the twin objectives of preventing corrosion of tracks and providing odourless toilets to passengers, railways are replacing existing ones with bio-toilets. "While some green toilets designed by DRDO are already being manufactured and fitted in coaches, we are committed to manufacture 25,00 bio-toilets in the current fiscal," said a senior Railway Ministry official. The problem of environmental degradation and corrosion of tracks due to night soil has been engaging the attention...
More »Plan panel asks states to hike power tariffs
-The Times of India The Planning Commission has asked states to hike electricity charges to not only save the ailing power sector but also use the subsidy to fund essential services like drinking water, education and health, which are essential for promoting inclusive growth. "The way the current situation (can) be handled is through some combination of tariff increase and serious efforts to reduce AT&C losses," Plan panel deputy chairman Montek Singh...
More »Everyone forgets the surrogate-Brinda Karat
-The Indian Express Government must bring the assisted reproductive technologies bill to Parliament. More stringent regulation could have saved lives Sushma Pandey, just 17 years old, reportedly died due to procedures related to egg harvesting conducted on her by a fertility clinic in Mumbai. Two years after her death, the Bombay high court did well to criticise the police for not prosecuting the hospital for its flagrant violation of the age requirement...
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