-PTI India however maintained that the India Patent Act was in accordance with the TRIPS Agreement & the Paris Convention The US pharma industry has expressed concern over deteriorating intellectual property environment in India, alleging that patent rights in the country are unreasonably denied. "PhRMA remains concerned about the deteriorating intellectual property environment in India," Mark Grayson, PhRMA spokesman told PTI. The remarks by PhRMA or Pharmaceutical Research and Manufacturers of America, representing America's...

-The Economic Times NEW DELHI: A study commissioned by the Planning Commission to validate the growth estimates of the Twelfth Five-Year Plan has thrown up a rather depressing outlook for the economy, sending alarm bells ringing in the government. An independent think tank, the National Council for Applied Economic Research (NCAER), has pegged average annual growth for the Twelfth Plan at a mere 4.8%, if the present logjam in policymaking continues. The NCAER...

-The Times of India The Indian economy grew at its slowest pace in a decade in 2012-13, posing another fresh challenge for the UPA coalition to revive growth and boost sentiment ahead of the general elections next year. Data released by the Central Statistical Organization (CSO) on Friday showed that the economy grew 5% in 2012-13, compared to 6.2% expansion in the previous year. It was in line with the advanced...

-The Economic Times NEW DELHI: The government's ambitious manufacturing thrust has run into trouble even before it could take off with many states expressing difficulty in acquiring the vast tracts of land needed to set up dedicated zones. Five states have written to the Department of Industrial Policy and Promotion, requesting it to consider revising the minimum land requirement (from existing 5,000 hectare) for developing National Manufacturing Investment Zones (NMIZs). These include Assam,...

-The Times of India NEW DELHI: For a man who prides himself as being the "original reformer", PM Manmohan Singh did not mention the word "reforms" even once in his speech on the ninth anniversary of UPA. And, it was only once that he talked of inflation. It was hardly surprising given that reforms do not seem to be on his radar in view of the tough political environment and inflation is...