-Live Mint SC rejects Novartis's patent plea for Glivec, says it does not meet any standard of novelty or inventiveness In a landmark judgement, India's apex court rejected Swiss drug maker Novartis AG's legal challenge aimed at securing a patent for blockbuster anti-cancer drug imatinib mesylate, branded Glivec in the country. The verdict, which is seen as a setback to multinational pharmaceutical companies operating in India, may influence a rash of pending disputes...
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Cash transfer of subsidy could save Rs 60,000 crore: Study -Surojit Gupta
-The Times of India Direct transfer of benefits in cash to targeted beneficiaries of food and fertilizer subsidies could save an estimated Rs 60,000 cr and help trim the fiscal deficit which, in turn, may calm stubbornly high food inflation, a study by a government wing has shown. The study showed that policies to rein in food inflation would require winding down of the fiscal deficit, which has gone above 8% of...
More »Soon, all food outlets across the country to get hygiene rating -Dipti Jain
-The Times of India At his dhaba in south Delhi's Kidwai Nagar, Irfan has his cooks wash their hands before preparing dishes. Sweets are kept covered , he claims. As with most small eateries, Irfan's dhaba is not registered. Soon, outlets such as Irfan's may have to start complying with more stringent standards, with the Food Safety and Standards Authority of India (FSSAI) working on new norms on hygiene and cleanliness...
More »Rural folks driving own economy with self-sustaining models -Rupali Mukherjee
-The Times of India MUMBAI: Indian villages are powering their own economy, but contrary to conventional belief , it's not government largesses which are the drivers, but their own self-sustaining models. Growth at the bottom of the pyramid is at unprecedented level, and the transformation is stark. The factors driving this transformation are dramatic improvements in rural roads, electrification, cell phones and water supply which are raising wages and increasing job opportunities...
More »Regulator for real estate likely soon -Mahendra Kumar Singh
-The Times of India Undeterred by stiff opposition from private developers and builders, the housing ministry is pushing hard to bring the real estate regulator bill, aiming to protect home buyers, in the current session of Parliament. Housing minister Ajay Maken on Sunday said the bill was expected to be brought up for consideration of the Cabinet soon before being introduced in Parliament. The government is looking to set up a tough regulator...
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