Last month, Prime Minister Manmohan Singh exhorted the bureaucracy to be fearless, saying, "Civil servants should fight the tendency of not taking decisions because of the fear that things might go wrong and they might be penalized for that." The PM was just the latest to express concern about increasing bureaucratic stasis-foreign visitors have remarked upon it and even TOI has written about it earlier. But his words have clearly failed...
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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 »In a first, govt asks RIL to pay Rs 7,000 crore for poor gas output
-The Times of India In a first of its kind, the oil ministry has slapped a notice of $1.2 billion, or Rs 7,000 crore, on Mukesh Ambani's Reliance Industries Ltd for a sharp fall in gas output from its showcase Andhra offshore field. The notice, served on Wednesday, says the company would not be allowed to recover from sale of gas the cost of its investments worth $457 million made in the...
More »'Rickshaw Bank' concept changes lives of thousands of pullers-Amit Shanbaug
-The Economic Times It was just a ride in a cycle rickshaw that moved an Assam based veterinary surgeon, Dr Pradip Kumar Sarmah and got him thinking into setting up the concept of 'Rickshaw Bank'. The concept today has changed the lives of more than 10000 rickshaw pullers in six states in India. Dr Pradip Kumar Sarmah (47), the innovator of this concept, explained that majority of the rickshaw pullers drive rented...
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...
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