A lack of toilets and poor hygiene practices in India cost Asia's third largest economy almost $54 billion every year, the World Bank said on Monday. Premature deaths, treatment for the sick, wasted time and productivity, as well as lost tourism revenues, are the main reasons for the high economic losses, the bank said in a report. "For decades, we have been aware of the significant impacts of inadequate sanitation in India,"...

The Centre is expected to announce a new pharma policy in the next few months. The ministry of chemicals and fertilisers has discussed with concerned stakeholders and will seek further inputs on the matter before placing the draft note to a group of ministers (GoM) for final touches, chemicals and fertilisers minister MK Azhagiri said on Wednesday. Hinting this at a conference on ‘Intellectual Property Rights: Challenges and way forward for...

Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...

Sustainable and resilient cities should be focus of urban development An international conference here on Wednesday called for making the Indian cities “resilient” in the backdrop of climate change and taking care of the urban poor. “The urban poor are the most vulnerable to current climate variability such as regular floods and water shortage. Sustainable and resilient cities should be the focus of urban development,” D.B. Raju, executive vice-president (special initiatives),...

The Indian economy loses nearly $54 billion (around Rs 24,000 crore) annually due to lack of toilets and poor hygiene, a World Bank study said on Monday. In a study 'Economic Impact of Inadequate Sanitation in India', conducted by its South Asia Water and Sanitation unit, the multilateral body said premature deaths, treatment for the sick and loss of productivity and revenue from tourism were the main factors behind the significant...