-Down to Earth World is moving towards natural capital as a measure of economic growth After using gross domestic product, or GDP, as the universal measurement of economy for six decades, the world has begun looking beyond this gold standard for measuring a country’s economy. On May 25, 10 African countries agreed to incorporate their natural capital, or value of their natural resources, into their national accounts to make better economic decisions. The...

-The Telegraph Governor M.K. Narayanan today said he was given “legal advice” that the Singur bill did not require presidential assent — an observation the government has seized upon in its search for a scapegoat. Absence of presidential assent was one of the key reasons cited by a Calcutta High Court division bench last week to strike down the Singur law. The state government today spoke of looking at “other alternatives” alongside...

-The Indian Express Push on FDI in multibrand retail could be the trigger for UPA 2’s image makeover For a government with its back to the wall and pretty much nowhere to go, it’s time to simply get on with it. Now that the Parliament’s budget session is over, the presidential candidate has been announced and the next round of state elections is still some way off, the government is beginning to...

-The Hindu Single judge’s order set aside; setback to Mamata government In a setback to the Mamata Banerjee government, a Division Bench of the Calcutta High Court on Friday struck down the Singur Land Rehabilitation and Development Act, 2011, terming it “unconstitutional and void.” The law was enacted by the Trinamool Congress-led government to return a portion of the land acquired for the Tata Motors’ small car factory at Singur to “unwilling farmers”...

-The Economic Times A growing number of countries are adopting India's intellectual property regulations, which give enough flexibility to local companies to produce generic versions of popular drugs to safeguard public health. Although multinational companies have criticised India for being lax in enforcing intellectual property (IP) laws, countries such as China, Argentina and the Philippines are adopting similar provisions. Last month, China amended its IP laws, allowing local companies to produce low-cost versions...