-The Telegraph Swiss pharma company Novartis today told the Supreme Court that if it gets an Indian patent on its anti-cancer drug Glivec, it would continue giving free drugs to 85 per cent patients till 2018 provided prices were left untouched. But the court described its scheme of classifying people on the basis of their incomes as “too complicated” and again urged the company to reduce prices. Whatever the scheme, the end result...
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Likely drop in food output to keep prices high -Zia Haq
-The Hindustan Times Indian households, already paying more for food, could see prices remain high because of a likely fall in farm output, despite an abating drought. Although the monsoon has improved to be only 8% below average until September 12, production of pulses, cereals and sugar is likely to decline from last year's levels, when India posted a record harvest. "Although stocks are plentiful now, prices remain a real cause of concern...
More »Centre asks states to include millets in mid-day meals; move likely to ease pressure on food stocks-Urmi Goswami
-The Economic Times The Centre has asked states to introduce millets in mid-day meal schemes in schools to boost demand for the nutritious grain, but experts say the move would also ease pressure on food stocks as rice output is expected to decline this year and the food security legislation would require an additional 63 million tonnes of grain. The government expects a 9% fall in this year's output of rice,...
More »Bill for land gives true value -Mihir Shah
-The Hindu The draft law on acquisition strikes a balance between development and justice for those who will be displaced in the process India is a rapidly industrialising economy and society with intense demands for better infrastructure from its people. The last 20 years have seen a great acceleration in this process, with India becoming one of the world’s fastest growing economies. However, for those whose lands were acquired for these purposes...
More »Price of diesel hiked by Rs 5, subsidized LPG restricted to 6 cylinders a year per family
-The Times of India The government on Thursday approved a steep hike on diesel price in a politically risky move to rein in the fiscal deficit. The cabinet committee on political affairs approved the hike in a meeting at the Prime Minister's residence. The price of diesel is hiked by Rs 5. However, the price of PDS kerosene and petrol were left unchanged. The panel also restricted the number of subsidized LPG...
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