A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...

While ‘data exclusivity’ clauses will not feature in the India-European Union free trade agreement (FTA), the threat posed by the impending deal to the world’s supply of cheap generic drugs is far from over. India’s commerce and industry minister Anand Sharma assured Michel Sidibe, chief of the United Nations joint programme on HIV and AIDS (UNAIDS) at a meeting this week that India would reject attempts by pharmaceutical giants to include...

-The Times of India   Maoist-affected districts across the country might have seen years of neglect by successive governments, but a new Central scheme - Integrated Action Plan (IAP) - under the UPA-II is fast filling up the 'critical gap' in those 'deficit zones' through taking up a number of development projects. As many as 67,072 basic infrastructure projects across 60 districts in nine states have been taken up at Rs 2,740...

Devas Multimedia has approached the International Court of Arbitration (ICA) seeking restoration of its contract with Indian Space Research Organisation's (ISRO) commercial arm Antrix which was terminated in February after allegations of wrongdoing emerged over the allocation of S-band spectrum. In February, the UPA government scrapped the controversial contract between Antrix Corporation and Bangalore-based Devas Multimedia for the lease of space segment in S-band. The government had said that it could...

-The Economic Times   Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...