A committee headed by Planning Commission member Arun Maira, the former head of The Boston Consulting Group in India, wants all acquisitions of Indian pharmaceutical companies by foreigners to be scanned by the Competition Commission of India or CCI. The report will now be sent to Prime Minister Manmohan Singh and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Prime Minister Singh is expected to take a final view on the...

-The Business Standard   It appears a committee headed by Planning Commission member Arun Maira examining the case for continued unrestricted foreign direct investment (FDI) in the pharmaceutical industry has opted to oppose the move to change the present regime. The only concession it is willing to make to the health and commerce ministries’ demand that approval of such investment be routed through the Foreign Investment Promotion Board is to ask for...

-The Hindu Business Line   Input subsidy expenses not contributing to boost productivity The World Bank has said that South Asia's foodgrain stock management, especially in India, needs to improve to tackle inflation. In its focus on food inflation in South Asia, the bank said that high stocks have led to high wastage due to inadequate storage capacity and technology. According to World Bank's estimates, the Food Corporation of India lost 10-16 million tonnes...

-BBC   A court in India has ruled that West Bengal's state government acted legally in reclaiming land where Tata Motors wanted to build its low-cost Nano car. The 1,000-acre plot of land was acquired in 2006 by the state's former communist government and leased to the company for 99 years. The new state government took back the land in June to return it to farmers. Tata challenged the move in the high court in...

The Calcutta high court upheld the Singur Land Rehabilitation and Development Act on Wednesday, saying that it was within the powers of West Bengal’s legislators to impose such a law, rejecting the challenge by Tata Motors Ltd over the seizure of land that was meant for its Nano factory. Justice I.P. Mukerji said in the judgement, however, that the Hooghly “district officials have exceeded their powers in taking possession of the...