-PTI The Khadi and Village Industries Commission (KVIC) has sent a legal notice to Fabindia, a chain of ethnic wear Retail outlets, demanding a whopping Rs 525 crore in damages for 'illegally' using its trademark 'charkha' and selling apparels with the 'khadi' tag. The KVIC, according to the legal notice, has also threatened to launch legal proceedings against Fabindia Overseas Pvt. Ltd. if it does not desist from displaying the trademark...
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Consumables now costlier than stents in angioplasty -Rema Nagarajan
-The Times of India NEW DELHI: Even as stent prices have been capped, the cost of the three main consumables used in angioplasty have, in many cases, become even more expensive than stents as hospitals try to make up for the huge margins they lost on stents. The modus operandi is same as in the case of stents before the price cap. Though the consumables are bought at a third or less...
More »Farmers and fertiliser spend: How to make nutrient-based subsidy a success -Anuj Agarwal
-The Financial Express The NSSO 70th round survey estimates there are 156 million rural households in India, of which 57.8% are agricultural. Average monthly expenditure on crop production by cultivating agricultural households during July 2012-June 2013 was Rs 2,192. Of this, 24% is spent on fertiliser and manure. Using survey results, rough calculations suggest agricultural households’ spend on fertiliser/manure would be in the range of Rs 78,000-1,20,000 crore in next cropping...
More »It is time for Arun Jaitley to put money behind last year's Budget promises for healthcare -Indranil Mukhopadhyay
-Scroll.in To spend 2.5% of GDP on healthcare by 2025, the centre and state governments must increase healthcare allocation by 24% over the same period of time. Healthcare needs continue to cause financial hardship to people across India. The National Health Accounts 2014-’15 report reveals that more than two-thirds of total spending on health (67%) is household out-of-pocket expenditure. The report tracks how much money is spent on health and how money...
More »Forced formalisation is not healthy -C Rammanohar Reddy
-Business Standard The large informal sector is a consequence - not a cause - of the low level of development For decades, one of the central aims of economic policy in India has been to create conditions for workers to move from low- to high-income employment. This has usually implied a shift from the informal sector where productivity is low, to the formal sector where productivity is high. This process of “formalisation”...
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