Multinational companies will now find it very difficult to patent products made by using Indian traditional knowledge of science. The Indian government has digitized all traditional knowledge of medicine available in India and has shared it with the US President and United States patents office so that nobody benefits unduly by using Indian knowledge and files for patents on such products. "We call it traditional knowledge in a digital library," said Minister...
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Hard Times by Ashok Mitra
Food prices have shot up by more than 20 per cent in the course of the past 12 months. A vast proportion of the nation is being battered by the price rise — the fixed income group, the working classes, landless peasantry and small farmers who have to buy at least a part of the grains they consume from the market. There is, however, no upheaval among the suffering people....
More »Finance panel wants deficit cut back by Sanjiv Shankaran and Utpal Bhaskar
The 13th Finance Commission (TFC) has recommended a return to fiscal consolidation and reform in expenditure management. It has also suggested the Centre offer states a share of revenue raised from levies such as cesses and surcharges, according to people familiar with the report. TFC, a statutory body tasked with suggesting ways in which taxes should be shared between the Centre and states and drawing up a road map towards fiscal...
More »Price rise needs check by Jayanthi Natarajan
Recently there has been considerable media discussion about the issue of rise in prices of essential commodities and the problem of food inflation. In a country like India, where the cost of food forms major part of the monthly or daily expenditure incurred by an average family, this is a debate which acquires poignant significance. This is a government that came into power based on a concern for and commitment...
More »Victims always by Venkitesh Ramakrishnan and Ajoy Ashirwad Mahaprashastra
The S.C. and S.T. (Prevention of Atrocities) Act has failed to make Dalits any safer. THE ascent of the Mayawati-led Bahujan Samaj Party (BSP) to power in Uttar Pradesh on May 13, 2007, was seen as a defining moment in the politics of Dalit empowerment in the country. The Scheduled Caste (S.C.) leader of an avowedly “Dalit assertive” party had been Chief Minister earlier too, but the difference this time...
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