-The Business Standard State must get out of insulin price-setting The National Pharmaceutical Pricing Authority, or NPPA, has turned down the request of drug companies to raise insulin prices. Domestic insulin-makers Biocon and Cadila had argued that the cost of production and packaging had become higher, and multinational corporation Eli Lilly wanted the depreciation in the rupee vis-à-vis the dollar to be factored into the price. The NPPA says it has...

-The Telegraph Women workers employed in central government industrial units can now take leave for up to two years to look after their kids. A circular issued by the ministry of personnel and training on August 1 has put women workers at these units on a par with their counterparts at industrial defence establishments, at least as far as getting time off for childcare is concerned. Last year, the Sixth Pay Commission had...

-Live Mint In urban India, the ratio of the top and bottom 10% of the economic group increased to 10.9% from 10.1% Economic growth is increasing the income and consumption levels of the average Indian faster than before, but income disparity is getting sharper, especially in the country’s villages, which may require a greater effort aimed at creating jobs in the non-farm sector in rural areas. The increase in inequality is evident from...

-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...

-The Business Standard Hiring contract labour must come with more commitments Almost a third of India’s organised labour force is on contract. This is an inevitable consequence of archaic labour laws that make it impossible for India Inc to disengage permanent workers even if they can’t afford them, don’t need them or they don’t perform. Companies such as Maruti Suzuki India have thus used contract workers liberally — almost half the workers...