-The Business Standard The Uttarakhand floods have put the spotlight on the competence of the national body which was created with a vision 'to build a safer and disaster-resilient India' When thousands got swept away by floods in Uttarakhand on the night of June 16, little help reached the mountains till at least a day had passed. Though the weather department had issued a warning, the magnitude of the disaster shows that...
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Monsanto’s climate-resilient crop patent claims rejected -Sanjay Vijayakumar
-The Economic Times CHENNAI: India's patent appeals board has denied Monsanto a patent for a genetically-engineered method of increasing climate resilience in plants. The decision is significant not only for Monsanto's loss of possible exclusivity in an increasingly important segment but also for the interpretation of India's home-grown clauses in patent law - these are unpopular with global companies - for the first time in the case of plants. The Intellectual Property...
More »Fixed deposits earning you negative returns-Mayur Shetty
-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
More »Dumping of muck by hydro power projects near rivers poses big hazard in Himachal Pradesh -Anand Bodh
-The Times of India SHIMLA: Muck generated by hundreds of hydro power projects in Himachal Pradesh is being dumped along river beds, which has disturbed the natural course of major rivers in the state. With large scale construction of houses and hotels along the banks of major rivers, especially Satluj, Beas and Parbati, even a slight change in the course of these rivers could wreak havoc, like in Uttarakhand, where the...
More »Bribery probe against Walmart inconclusive, but no clean chit to US retailer -Anandita Singh Mankotia
-The Economic Times NEW DELHI: Terming some of the answers provided by Walmart as "incomprehensible" and parts of the deposition by its just departed India boss Raj Jain as "ambiguous", a government committee set up to look into whether the US behemoth indulged in bribery in India, has refused to give it a clean chit, complicating its efforts to draw a line under the episode. The one-man committee under Justice Mukul Mudgal...
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