-The Business Standard Policymaking in India is more often than not credited for its high nuisance value, rather than for positively aiding growth. Whether oil & gas, power, mining or any other core sector of the economy, government policy has frequently hampered rather than assisted the positive development of these industries. There is however one segment of the renewable energy space - solar power, that's vastly benefitted from concerted government action...

-The Telegraph New Delhi: The Supreme Court today ruled that once the government reduces the prices of essential drugs, the new rates would come into immediate effect and companies cannot continue selling at earlier prices. A bench of Justices R.M. Lodha and Kurien Joseph rejected the arguments of multinational giant GlaxoSmithKline Pharma that companies are entitled to sell drugs at old rates for 15 days to dispose off stocks. According to the bench,...

-PTI Allaying fears of a spurt in public expenditure ahead of Lok Sabha polls, finance minister P Chidambaram on Wednesday said government will not compromise on fiscal discipline, notwithstanding the defeat of Congress in four states, including Delhi and Rajasthan. Inaugurating the Delhi Economic Conclave, Chidambaram blamed the states for "inaction" to check hoarding and said the incumbent government pays a price for high inflation. "The agenda, therefore, will be obvious. At the...

-AFP Berlin: India has been ranked lower in corruption than neighbouring Pakistan but higher than China by graft watchdog Transparency International in a survey released on Tuesday. Afghanistan, North Korea and Somalia have been ranked as the world's most corrupt countries while Denmark and New Zealand are nearly squeaky-clean. India ranked 94 on the index, above Pakistan at rank 127 but below China which took the 80th position. India was ranked at...

-The World Bank   Policy Interventions Can Turn the Tide, Says World Bank Report WASHINGTON: A new World Bank report warns that risky behaviors -smoking, using illicit drugs, alcohol abuse, unhealthy diets, and unsafe sex- are increasing globally and pose a growing threat to the health of individuals, particularly in developing countries. The report looks at how individual choices that lead to these behaviors are formed and reviews the effectiveness of interventions...