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Govt explores capping FDI in pharma by CH Unnikrishnan

The Indian government is exploring a proposal to reduce the limit on foreign direct investment (FDI) allowed in the pharmaceutical industry through the automatic route to 49% from 100% amid concerns over the takeover of local drug makers by overseas firms. Officials from the ministry of commerce and industry and the ministry of health have had multiple rounds of discussions on the proposal following a note written to them by the finance...

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An income commission for farmers by Sreelatha Menon

When little children in cities have a Happy Meal burger at McDonalds and get a Batman car or Ben 10 toy free, they are getting much more for free — all gift-wrapped by wheat and potato farmers in some far-off village. They are not paying for the labour put in by the farmer, the profits forgone by him, and the higher cost of living that he did not bill on...

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Jairam ‘criminal’ tag on fuel-guzzlers

Environment minister Jairam Ramesh today said the use of sports utility vehicles and BMWs in India was “criminal” and called for changes in diesel pricing to discourage people from riding fuel-guzzlers. He said India’s SUV market was growing on subsidised diesel, the owners benefiting from the subsidies intended mainly to help farmers. “The growth of large-size vehicles like SUVs is a growth of concern.... The use of vehicles such as SUVs and...

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Scindia, Nath richest Cong UPA ministers: RTI

A Right to Information (RTI) application filed by activist Subhash Chandra Agrawal seeking details to make public the assets and liabilities owned by ministers has thrown up interesting results. The Prime Minister’s Office (PMO), moving away from its earlier stand of not making public ministers' assets and liabilities, on Thursday gave over 400 pages of complete details filed by Members of Parliament. According to the RTI report, Minister of State for...

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Most Indian plastic toys are 'toxic'

Many of the plastic toys sold in India may contain chemicals harmful to children, an environmental group says in a report. The Centre for Science and Environment (CSE) studied a sample of Indian toys and found that all of them contained high levels of phthalates. Phthalates are chemicals used to soften plastic and the group says India has no regulations to control their use. The use of these chemicals in...

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