-TheWire.in The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year. New Delhi: India’s national auditor has raised red flags over the Narendra Modi government’s propensity to borrow funds using “off-budget” methods, a practice that allows it to finance capital and revenue spending while maintaining deficit targets. The criticism comes from an audit report tabled in parliament on Tuesday, but is...
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Enrolment under PMFBY crop insurance scheme sees steep decline -Sayantan Bera
-Livemint.com Delayed assessment of loss and settlement of claims by insurance companies may have led to farmers losing faith in Pradhan Mantri Fasal Bima Yojana, say analysts New Delhi: Sharad Markad, a lanky teenager from a marginal farming family in Maharashtra, spent the first day of 2019 scrounging for funds. Faced with a drought, the third in the past five years, Markad had taken it upon himself to build a community cattle...
More »Monsanto allowed to claim patent on GM cotton seeds
-The Hindu Business Line Shares of Monsanto India Ltd climb as much as to Rs 2,669, their highest since Sept. 26 The Supreme Court on Tuesday allowed Monsanto Technology to claim patent on its genetically-modified cotton seeds, giving a boost to firms developing new seed technologies. The ruling overturned an order of a Division Bench of the Delhi High Court last year which invalidated the patent granted to Monsanto — acquired by German...
More »Health ministry mulled compulsory licencing of rare disease drugs -Sushmi Dey
-The Times of India NEW Delhi: The health ministry was actively mulling compulsory licensing, apart from price capping, of “orphan drugs” (for rare diseases), when the department of pharmaceuticals abruptly issued an order exempting such medicines from price control, derailing plans to make these drugs affordable. The health ministry discussed price capping and invoking compulsory licence for these “exorbitantly” priced “orphan drugs” at a meeting on January 3, the day when DoP...
More »Lokpal search panel formed, it will frame its own rules of functioning, govt tells SC -Krishnadas Rajagopal
-The Hindu SC orders govt to file affidavit detailing steps so far taken in Lokpal appointment process New Delhi: The government informed the Supreme Court on Friday that a eight-member search committee has been constituted in September 2018 for zeroing in on eligible candidates for Lokpal and the anti-corruption authority will frame its own rules of functioning. The panel is led by former Supreme Court judge, Justice Ranjana Prakash Desai. On September 27,...
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