-The Hindu Bayer's plea dismissed by the Intellectual Property Appellate Board The Intellectual Property Appellate Board (IPAB) on Monday upheld the grant of compulsory licence (CL) to the Hyderabad-based Natco Pharma Limited, a generic drug maker, to produce and market Nexavar, a patented cancer drug of multinational pharma major Bayer Corporation. The order will pave the way for reduction in the prices of costly life saving drugs. Disposing an appeal filed by Bayer...
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Government for crop diversification in Punjab to save soil, water-Rituraj Tiwari
-The Economic Times The government plans to revive cultivation of crops that make Punjab's iconic "makki ki roti and sarson ka saag" -- maize and mustard -- along with horticulture and fodder to breathe life into the stressed soil and the rapidly depleting water table in the green-revolution state. Prime Minister Manmohan Singh is pushing hard for crop diversification in Punjab and has appointed an inter-ministerial panel on crop diversification led by Agriculture...
More »LPG cylinders cheaper by Rs 38
-The Telegraph Public sector oil marketing companies yesterday raised the prices of diesel sold to bulk consumers like the railway and defence by Rs 1.20 a litre despite protests in Parliament last week. At the same time, oil companies reduced the price of domestic non-subsidised cooking gas by Rs 38 for a 14.2 kg cylinder. Following the revision, cooking gas will be sold at Rs 933 a cylinder in Calcutta and neighbouring areas...
More »Slash subsidy, raise prices of diesel and LPG: Economic Survey
-PTI Claiming that the "downturn is more or less over", the pre-Budget Economic Survey on Wednesday projected an optimistic 6.1 to 6.7 per cent growth in the next fiscal and made a strong call for cutting subsidises. While pegging the GDP growth at an estimated 5 per cent for the current fiscal, the Survey tabled in Parliament by finance minister P Chidambaram said "...the overall economy is expected to grow in the...
More »Economic Survey 2013: Indian agriculture largely a success story
-The Economic Times It is consoling that despite a deficit of 8% in south-west rainfall during 2012-13 compared to its long period average (LPA), agriculture's contribution to GDP growth is likely to be around 1.8%. It is also good news that the revised figure of agri-GDP for the 11th Plan as a whole is 3.6%, up from 3.3% estimated earlier. Gross capital formation in agriculture as a percentage of agri-GDP has almost...
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