-Live Mint SC judgement may not open a floodgate of revenues for local pharma firms; nevertheless, it is a psychological win The Supreme Court has dismissed an appeal by Novartis AG to revoke denial of a patent to its cancer drug Glivec. The judgement is important because multinational companies (MNCs) can be denied patent protection on improved drugs unless they can prove the medication has better efficacy. Although this decision will displease...

-The Indian Express No country has ever achieved prosperity without engaging with science and technology (S&T). The ascent of the West and its global domination owes much to its prowess in S&T. In Asia, japan and South Korea and more recently China have taken the highway to prosperity by mastering technology and effectively dealing with complexity. Chinese economist Justin Yufi Lin in his book The Quest for Prosperity has argued that...

-The Times of India     DURBAN: India has decided to operationalize unit 1of the Russian-built Kudankulam nuclear power plant in Tamil Nadu next month, finally getting past the psychological and political barrier it had faced post-Fukushima. Prime Minister Manmohan Singh conveyed the breakthrough decision to President Vladimir Putin of Russia on the sidelines of BRICS Summit here on Tuesday. He also told Putin about the government's decision to build Units 3 and 4...

-PTI Colombo rejects U.S.-backed resolution, says it is "replete with misrepresentations" on the current situation; 25 countries vote in favour, while 13 nations including Pakistan vote against India was among the 24 countries which backed a U.S.-sponsored resolution on Thursday at the U.N. Human Rights Council against Sri Lanka asking it to conduct an "independent and credible" probe into allegations of human rights violations, an issue on which the DMK pulled out...

-The Times of India The Reserve Bank of India having opened the window for new bank licences, the postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India. While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of...