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Patients rally against trade pact with EU

Patients battling cancer, infections and mental illness joined a rally here today beseeching the government to reject a trade pact with the European Union that they fear will threaten the availability of inexpensive generic medicines in India. An estimated 2,000 people, many among them infected with HIV, walked along Delhi’s Parliament Street on a day when Indian and EU officials were negotiating a free trade agreement in Brussels. Health activists and lawyers...

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Food inflation sharply falls to 13.07%, may stabilise at 8-9%

Food inflation dropped sharply to 13.07% for the week ended January 29 from 17.05% in the previous week. According to data released by the ministry of industry and commerce on Thursday food inflation declined to a seven-week low due to decline in the prices of pulses and potatoes. On an annual basis, prices of potatoes declined 8.87%, while pulses fell 8.63% and wheat by 3.58%, the government data said. Although the...

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Labour ministry likely to get more funds this Budget by Prashant K Nanda

The labour ministry may get about 36% more money under planned allocation in the Budget for the year starting 1 April to expand welfare programmes such as health insurance for the poor. “We are getting Rs. 1,300 crore under planned allocation in the coming Budget,” labour secretary Prabhat Chaturvedi said. The ministry was allocated Rs. 956 crore under the same Plan in the current year’s budget allocation. The labour ministry will also...

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Antibiotics may get costlier by Khomba Singh

The government may levy duty on two important drug ingredients imported from China and Mexico to protect local suppliers. The move could increase prices of popular antibiotics for consumers besides threatening business of about two dozen small drugmakers. The commerce ministry has recommended anti-dumping duty on Penicillin G Potassium and 6 APA, after Indian suppliers complained Chinese and Mexican firms are shipping it at a low price to kill competition from...

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Our cotton, their onions

India's reported willingness to relax its ceiling on cotton exports to accommodate the Pakistani demand for the commodity if Pakistan will permit the overland export of onions is a welcome development. The floods in Pakistan affected some portion of its cotton crop, and the country is now short of the commodity for its domestic textile and yarn industry, the mainstay of its fragile economy; heavy and unseasonal rains have caused...

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