-The Hindustan Times Members of Parliament had increased their pension three-fold but a universal pension scheme for senior citizens has remained a piped dream. This is despite the UPA government’s promise before 2009 general elections of providing social security net for vulnerables, said National Advisory Council member Aruna Roy, while announcing a national campaign for demanding monthly old age pension of Rs. 2,000 or half of minimum wage of a state, whichever...
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Cipla shocks rivals by slashing cancer drug prices up to 75%-Divya Rajagopal
Fighting cancer has just become less expensive for millions of Indian patients. More than 12 years after he electrified the pharma industry by taking on powerful global giants in his quest to supply cheap anti-AIDS drugs, Cipla promoter YK Hamied is back donning the role of a price warrior. This time, his attention is on anti-cancer drugs. On Thursday, Cipla cut prices of key cancer drugs by nearly 75%, an astounding,...
More »Release of foodgrain could inflate subsidy bill by Rs 20-25K crore-Rajeev Deshpande
With its granaries brimming over, the government faces a crippling dilemma: The tab for releasing foodgrain to make way for new arrivals adds up to Rs 20,000-25,000 crore, an unviable addition to the subsidy bill. The government's bind was succinctly outlined by finance minister Pranab Mukherjee when he told a meeting called by Prime Minister Manmohan Singh on Wednesday that vacating food silos will mean a hefty cost at a time...
More »India has no room for its wandering builders-Moushumi Basu
The exploitation of migrant construction workers has grown alongside the expansion of the industry. It's time the government got serious about upholding the law. A recent report in The Hindu on the violation of labour laws at a massive construction site belonging to the Army Welfare Housing Organisation in Bangalore raises yet again the repeated neglect of regulations relating to the employment and welfare of workers by construction companies in India. For...
More »Cotton export relaxation comes a little late-S Harpal Singh
The permission given by the Centre for new registrations for export of cotton has brought little cheer either to cotton farmers or to the huge cotton processing industry in Adilabad district. Both the segments feel the move is too little and too late. Almost all the cotton produced in this district has arrived in the markets and no trader has dared stocking cotton bales this season owing to its low price....
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