-The United Nations A new United Nations report advocates that governments use fiscal and labour market policies to reduce income inequality, maintaining that this not only leads to social benefits but will spur economic growth and development. Produced by the UN Conference on Trade and Development (UNCTAD), the Trade and Development Report 2012 says that recent experience, especially in Latin America and other developing countries, suggests that progressive taxation and rising public...
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India's first Japanese encephalitis vaccine launched
-PTI Pharma firm Biological E Limited (BEL) today launched the country's first indigenous vaccine to tackle Japanese encephalitis (JE), a deadly viral disease. The vaccine, JEEV, is priced at Rs. 985. This is a one-time vaccine to be taken in two doses and will soon be available in the domestic market, Mahima Datla, senior vice-president of the city-based company, said at the launch here. "The vaccine, which will also be exported, has good...
More »The food crisis and India -CP Chandrasekhar
-The Hindu The World Bank has joined the chorus warning the world of an impending food crisis with damaging food price inflation. In its late-August edition of its Food Price Watch the Bank reported that global prices for food as reflected by its Food Price Index rose 10 per cent in July 2012 alone. The prices of staples such as corn and soya bean were at an all-time high that month,...
More »The age of judicial reform -TR Andhyarujina
-The Hindu In keeping with global practices, Supreme Court judges should retire at 70 On August 18, 2012, Prime Minister Manmohan Singh, speaking at the 150th year celebrations of the Bombay High Court, said the government was in favour of raising the age of retirement of High Court judges. Presently, Supreme Court judges retire at 65 and High Court judges at 62. The Prime Minister was referring to the Constitution (114th Amendment)...
More »Natural resources: A blessing or a curse for nations?-Joseph E Stiglitz
-The Economic Times New discoveries of natural resources in several African countries - including Ghana, Uganda, Tanzania, and Mozambique - raise an important question: will these windfalls be a blessing that brings prosperity and hope, or a political and economic curse, as has been the case in so many countries? On average, resource-rich countries have done even more poorly than countries without resources. They have grown more slowly, and with greater inequality...
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