-The Hindu Drug patents are designed to create profits that enable more research on diseases affecting millions. But in practice, they have often generated super profits for big pharma companies while erecting access barriers for the poor. The Novartis case spotlights much that is wrong with the system. The rejection of the Novartis petition challenging one of the most progressive tenets of the Indian Patents Act (1970), as amended in 2005 by...
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Cash transfer of subsidy could save Rs 60,000 crore: Study -Surojit Gupta
-The Times of India Direct transfer of benefits in cash to targeted beneficiaries of food and fertilizer subsidies could save an estimated Rs 60,000 cr and help trim the fiscal deficit which, in turn, may calm stubbornly high food inflation, a study by a government wing has shown. The study showed that policies to rein in food inflation would require winding down of the fiscal deficit, which has gone above 8% of...
More »Urban slums data reinforces India’s consumption story-Neha Sethi
-Live Mint Indians who live in slums are not very different from those who live elsewhere, in terms of ownership of assets Indians who live in slums are not very different from those who live elsewhere, in terms of their ownership of assets, including consumer products and houses, although they may not have the same access to water and sanitation. The finding, reflected in Census 2011 data that was released on Thursday, reinforces...
More »Farmers descend on Jantar Mantar with a slew of demands -Gargi Parsai
-The Hindu They vow to stay put in Delhi till their demands are met Reeling under price rise and dipping returns for their produce, thousands of farmers from all over the country poured into the capital on Monday to start a mahapanchayat, demanding, among other things, a farmers’ income commission to guarantee a minimum livelihood income. Opposing diversion of farmland for other purposes, they wanted the government to impose a moratorium on land...
More »Good supplies cut vegetable prices 20-25%-Sutanuka Ghosal & Madhvi Sally
-The Economic Times Vegetable prices have dropped thanks to good supplies across the country. Onion, tomato and potato prices have fallen by almost 20%-25% in the last fortnight bringing relief to consumers. Traders say prices are likely to remain low till June. Indians consume nearly 15 million tonne onions a year. A drop in the prices of staple vegetables like onion and potato helps bring down food inflation, a major worry for...
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