-The Economic Times The Union Cabinet has okayed a new price-control formula for pharmaceuticals, which seeks to cap prices at the arithmetic average of all drugs with more than 1% market share in any therapeutic segment that is to be brought under price control. Given that the existing system of fixing prices of select drugs is on the basis of costs, which is rigid, intrusive and prone to manipulation as well,...

-Reuters India’s efforts to clamp down on illegal mining have handed a $15 billion lifeline to global iron ore giants, and there could be more to come. Steps taken by central and state authorities to clean up the mining and export of iron ore have shut down output in two key producing states, slashing shipments and forcing steel mills to import a raw material the country has in abundance. Now the Shah Commission,...

-The Hindu India’s proposed changes to ITRs preliminary; firm position in Dubai only after consultation and consensus India’s proposal on the International Telecommunications Regulations (ITRs), submitted to the International Telecommunications Union (ITU), is far from the last word on the matter, Telecom Minister Kapil Sibal has said. Mr. Sibal’s remark offers immense relief to Indian citizens and the Internet industry, especially Internet and mobile service providers, social media and other companies that are...

-The Telegraph The Union cabinet today approved a controversial drug pricing policy that had been opposed by the health ministry, the finance ministry and public health policy experts who fear it will legitimise high prices of medicines. A government source said the cabinet has cleared the drug pricing policy that health experts suspect will determine caps on prices of 348 drugs through a formula based on market prices of drugs rather than...

-The Times of India The government on Friday said that it would not play big brother with regard to the media and hoped that any course correction required would come from the media itself. In a statement on the occasion of National Press Day, Prime Minister Manmohan Singh and I&B minister Manish Tewari came out support of self-regulation, which was in sharp contrast with Press Council chief Markandey Katju seeking greater regulatory...