If home minister P Chidambaram’s recent letter to West Bengal chief minister Buddhadeb Bhattacharjee is any indication, it has taken the Union home ministry seven years to realise that arming civilians to fight Naxalites is a bad idea. How much longer will it take for them to realise that the current paramilitary-based approach in Chhattisgarh is similarly bound to fail? From 2003 onwards, the home ministry has followed a policy of...

Its project hanging fire, South Korean steel giant Posco has objected to the Ministry of Environment and Forest’s (MoEF’s) recommendation that the company should submit a “detail time-bound” schedule for spending at least 5 per cent of its total project cost or about Rs 3,000 crore towards welfare activities in the project area in Orissa. Although Posco expressed willingness to earmark funds for CSR (Corporate Social Responsibility) activities, it pointed out...

The Indian government is exploring a proposal to reduce the limit on foreign direct investment (FDI) allowed in the pharmaceutical industry through the automatic route to 49% from 100% amid concerns over the takeover of local drug makers by overseas firms. Officials from the ministry of commerce and industry and the ministry of health have had multiple rounds of discussions on the proposal following a note written to them by the finance...

Around 100 cooperative sugar mills in Maharashtra have lost one round of a battle on income tax (I-T) arrears dating back to 1992-93, with an appellate authority rejecting their argument on dues. If the decision, by the commissioner of income tax (appeals), is not appealed again, the mills may have to pay Rs 2,500 crore in arrears. Vijaysinh Mohite-Patil, chairman of the Federation of Cooperative Sugar Factories in Maharashtra, told Business Standard:...

The world's growing riches seem to make little difference to over 100 million people globally as they slide into poverty every year because of healthcare costs. One of the unsolved conundrums in many countries is the inability to provide for universal healthcare coverage, despite economic growth and development. While the financial consequences of illness are severe for many in poorer countries that do not have appropriate systems in place, those...