The government's decision to bust the price as well as monopoly of Bayer's anti-cancer drug, through the process of compulsory licensing now opens up the field for the generic industry to follow suit and could well pave the way for the availability of cheaper drugs for lifestyle diseases.  More generic companies could invoke the compulsory licensing clause of the Indian Patents Act, following Monday's decision to allow Natco Pharma to sell...

The Centre is planning a few amendments to key education reform bills whose legislative progress has been stalled by opposition to several of their clauses. The Telegraph had reported how private educational institutions had been arguing that the “draconian” bills would make it difficult for new colleges and universities to be opened, and would threaten institutional heads with stringent punishment for minor mishaps. Human resource development ministry sources now say they propose...

-IANS Chief Minister Nitish Kumar's dream of India's second green revolution taking off from Bihar seems to be coming closer to reality. A young farmer of Darveshpura village in his native Nalanda district has set what is claimed to be a world record in potato production through organic farming.  Three months ago, a group of farmers in the same village had created a "world record" producing 224 quintals of paddy per hectare...

-PTI The Institute of Cost Accountants of India (ICAI) will release the White Paper on Agricultural Costing and Pricing methods on Thursday.  The release, first on the subject by ICAI, will be made at the 3-day 'National Cost Convention' beginning here on March 15, said an official.  "The government has assigned us to come out with improved costing and pricing methods in four areas - agricultural pricing, services (including toll charges), healthcare and...

-The Economic Times India has lifted the week old ban on cotton exports following intense political protests, but stiff riders have been put in place to discourage overseas hoarding.  Exports will be allowed only of consignments that had been registered before the ban after scrutiny and revalidation to eliminate ``fictitious'' transactions while issue of fresh registration CERTificates has been put on hold. The group of ministers headed by finance minister Pranab Mukherjee,...