-Outlook 7.4 per cent growth is good news for the NDA's finance minister who will present his full budget two weeks from now. Indian economy is forecast to grow at an accelerated 7.4 percent in the fiscal year ending in March 2015 as against 6.9 percent in the previous fiscal, according to advance estimates released Monday. The high growth numbers, based on the new formula (with 2011-12 as the base year)...
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More patent-opposition on Gilead’s hepatitis C drug, sofosbuvir -PT Jyothi Datta
-The Hindu Business Line Mumbai: A fresh bout of opposition has been filed against Gilead's patent application on hepatitis c drug sofosbuvir. This comes close on the heels of a spate of developments involving the drug, last month. Non-government organisation Sankalp Rehabilitation Trust, represented by the Lawyers Collective has filed a pre-grant opposition on the drug in the Delhi patent office. (A pre-grant opposition allows interested parties to oppose a patent application...
More »Postal Dept to Open 1 Cr Savings A/Cs for Girl Child by March 31
-Outlook New Delhi: The postal department will be looking at opening 1 crore small savings accounts for the girl child by March 31 as part of the 'Beti Bachao Beti Padhao' campaign, Communications and IT Minister Ravi Shankar Prasad said today. "The postal department has decided to open 1 crore 'Sukanya Samridhi Account' by March 31," Prasad said here. 'Sukanya Samridhi Account' can be opened at any time from the birth of a...
More »Union Budget likely to provide big thrust to ‘Make In India’ -Sidhartha & Surojit Gupta
-The Times of India NEW DELHI: The BJP government's 'Make in India' initiative could get top billing in the 2015-16 Union Budget with tax breaks and other measures for several sectors. Make in India is the centerpiece of the Narendra Modi administration's bid to revive manufacturing activities and create millions of jobs. With the Chinese economy slowing, India senses an opportunity in the industrial sector. A blueprint for the 25 identified sectors was...
More »Running on fumes -Paranjoy Guha Thakurta
-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...
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