The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

A transparent assessment of the costs and risks associated with India's ambitious nuclear plans must be made before any ground is broken at Jaitapur or elsewhere. You really have to hand it to the nuclear industry. In any other sphere of the economy, a major industrial disaster is likely to have adverse, long-term financial consequences for the company or companies whose product or activity was involved in the accident, regardless of...

Health activists and non-government organisation working against tobacco abuse, Health Related Information Dissemination Among Youth (HRIDAY), have written to Leader of the Opposition in the Lok Sabha Sushma Swaraj, urging her to support the timely implementation of strong and effective pictorial health warnings on tobacco product packages. “The current pictorial health warnings in India are extremely mild and ineffective to communicate the hazardous health effects of tobacco use. Since the Department...

Planning Commission on Wednesday claimed the UPA government’s inclusive agenda had uplifted around 7 crore from below poverty line (BPL) during the 11th Five-Year Plan period (2007-12). The initial findings suggest that absolute poverty in the country may have come down by five percentage points during the 11th Plan. Satisfied with the figures, deputy chairman of Plan panel Montek Singh Ahluwalia said the government’s policy for inclusive growth is paying off. He...

A new data analysed by the Planning Commission says that around 382 million Indians were below poverty line in 2009-10, a decline of 27 million since 2004-05.   The decline of over five percentage points (from 37.2% to 32%) in as many years was much less than the target of annual reduction of 2% in poverty in the 11th plan. What the UPA government can showcase is the highest poverty reduction...