West Bengal chief minister Mamata Banerjee on Thursday threatened to bring her anger to the streets of New Delhi and launch an agitation in the capital if the Centre didn't give in to her demand for a moratorium on debt repayment. In a rare and exclusive interview to TOI at the Writers' Buildings in Kolkata, the Trinamool Congress chief didn't once utter the words "threat" or "pullout", but her message was...

A moratorium is not the magic bullet that can slay Bengal’s fiscal demons, several economists have said, pointing out that postponing the inevitable will be of little use unless backed up by a revenue mobilisation road map. Chief minister Mamata Banerjee had yesterday set a 15-day deadline for the Centre to announce a three-year moratorium on the payment of interest on the loans Bengal had taken. “A moratorium on repayment obligations can...

Industry reacts with caution to the grant of a compulsory licence to Natco, but cancer patients welcome it and hope for many more. THE first compulsory licence (CL) issued by the Indian patent office, to the local drug manufacturer Natco Pharma Ltd to sell the generic version of Bayer AG's anti-cancer drug Nexavar, has led to varied reactions. The landmark decision has also raised concerns about the outcome of cases...

The government is planning to tighten the rules for issuing and renewing driving licences to make the process “fudge proof” after a study showed drivers’ fault accounted for most road accidents in the country. A committee of state transport commissioners and officials from the National Informatics Centre recently came up with suggestions on possible amendments to the rules. The panel, headed by Andhra Pradesh transport commissioner Hiralal Samariya, has submitted its report...

Progressive strengthening of public facilities is the only way to reach medical services to the population as a whole. “The best form of providing health protection would be to change the economic system which produces ill health, and to liquidate ignorance, poverty and unemployment. The practice of each individual purchasing his own medical care does not work. It is unjust, inefficient, wasteful and completely outmoded ... In our highly geared, modern...