-The Hindu The national culture of unquestioned obedience to authority along with an acceptance of shoddiness must not be used as an excuse to overlook violations of corporate ethics, says the Ranbaxy whistle-blower During my tenure at Ranbaxy, I was surprised by the unchallenged conformity to the poor decisions of senior leadership. Ranbaxy was my first Indian employer following my tenure at two different American corporations. Reflecting on this experience from cultural...
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What we need is not a food security Bill but a hunger elimination Act -Arvind Virmani
-The Times of India In the decade or so that i was at the Planning Commission, i always had advisory responsibility for the food ministry/public distribution system, among other issues of development policy. It did not take very long to find out that the fundamental problem with the system was about so-called "leakages" abetted by corruption: One soon learnt that the Food Corporation of India (FCI) was one of the most...
More »Indian pharma's generic challenge-DG Shah
-The Business Standard USFDA's zero tolerance policy requires our drug firms to reorient not just processes but organisational cultures to serve that market credibly The following two quotes from the United States Food and Drug Administration (FDA) news releases may help put the Ranbaxy controversy in perspective. The first sums up what it is that drives the FDA and the second is typical of the challenge the pharmaceutical industry faces. (1) "The consent...
More »Kalahandi: from hunger deaths to a rice revolution -Chetan Chauhan
-The Hindustan Times Odisha's Kalahandi district - once the cause of global embarrassment for India due to its high number of starvation deaths - today stands tall with a five-fold increase in its rice production since 1999, figures reveal. The agriculture ministry's recent crop data ranks Kalahandi among the top 25 rice producing districts of India. The three-year average of its rice production ending 2010-11 was 468,000 tonnes, compared with a three-year...
More »‘Boxed in’, Sebi too late
-The Telegraph Mumbai: The Securities and Exchange Board of India (Sebi) today asked Saradha Realty India to wind up its collective investment schemes and refund investors within three months. The company as well as its managing director Sudipto Sen have been prohibited from accessing the capital markets until all collective investment schemes are wound up and the refunds are complete. Legal proceedings and steps to wind up Saradha Realty would also be...
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