The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...
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Tipping point by Purnima S Tripathi
The huge support for what Anna Hazare espoused came against the background of widespread corruption and government inaction. THE Anna Hazare mania that gripped large sections of society for five days from April 5, resulting in the government capitulating to his demand for including civil society activists in the committee for the drafting of an anti-corruption law, has baffled many people. The groundswell of support for his cause took the...
More »Saga of struggles by Lyla Bavadam
NEARLY 80 km from Pune is Ralegan Siddhi village with about 3,000 people. It would have been one among the hundreds of nondescript villages in Parner taluk of Ahmednagar district, Maharashtra, had it not been for Kisan Baburao Hazare, 71, better known as Anna, or older brother, a title that was appended to his name after he made the village more than just a dot on the map. Until he was...
More »Muhammad Yunus knew seeking to enter politics in Bangladesh would receive ‘bruising response' by A Srivathsan
Kolkata Consulate: His candidacy 'could offer a possible out from the Hasina-Zia zero-sum game' Muhammad Yunus, the Nobel Peace Prize winner known in particular for his microfinance initiatives in Bangladesh, appeared to have been aware of the risks and consequences of a move he made to enter the country's politics. He told Henry Jardine, the U.S. Consul General in Kolkata, that he was aware of the “potentially bruising response” it would...
More »Anti-labour union by TK Rajalakshmi
The UPA-II government introduces with BJP support two anti-labour Bills, the Pension Bill and the Labour Laws Amendment Bill. ON March 24, the United Progressive Alliance (UPA) government managed to do what it had not been able to do in its first term – it reintroduced the Pension Fund Regulatory and Development Authority (PFRDA) Bill in Parliament with the support of the Bharatiya Janata Party. The objective of the Bill is...
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