The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...

A lot of misinformation has been spread regarding the allotment of farmland plots by the NOIDA authority to Jayant Bhushan and Shanti Bhushan. In this connection it has to be emphasised that:    1. This allotment was not made under any discretionary quota    2. The total price of the property is Rs. 3.67 crores (not Rs. 35 lacs, as has been quoted in many newspapers) plus Rs 9.18 lakhs per annum...

According to the third advance estimate, India’s foodgrain production in the current farm year (to end in June 2011) will be a record 235.88 million tonnes, including an all-time high wheat output of 84.27 million tonnes against 81.47 million tonnes projected earlier. Ahead of the wheat harvest, the country had buffer foodgrain stock of 47 million tonnes at the start of 2011 in the central pool. A buffer close to double...

The case of each areca grower who has taken loans from cooperative societies or banks will be studied individually to determine whether the farmer is genuinely unable to repay the loan. This decision was taken at a meeting of areca growers with Deputy Commissioner Subodh Yadav and officials of various departments on Thursday. Mr. Yadav made the suggestion after listening to a delegation of farmers, most of them members of the Karnataka...

Kolkata Consulate: His candidacy 'could offer a possible out from the Hasina-Zia zero-sum game' Muhammad Yunus, the Nobel Peace Prize winner known in particular for his microfinance initiatives in Bangladesh, appeared to have been aware of the risks and consequences of a move he made to enter the country's politics. He told Henry Jardine, the U.S. Consul General in Kolkata, that he was aware of the “potentially bruising response” it would...