-The Business Standard NC Saxena, a former member of the National Advisory Council believes that the regulatory regime in the states continues to be oppressive. In an e-mailed interview with Aditi Phadnis, Saxena says that the fundamental problem in India is the low tax-GDP ratio and neither the last government nor the current one seems interested in increasing revenues. Edited excerpts: * The new government appears to be watering down a lot...
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Subramanian till recently had opposed India on IPR
-The Times of India The man who has been appointed the chief economic advisor to the government of India, Arvind Subramanian, was until recently urging the US to initiate disputes against India before the World Trade Organisation and also seeking changes in provisions within Indian patent law aimed at preventing frivolous patenting and preventing pharma companies from getting extensions on patents by tweaking existing drugs and passing them off as innovations. Subramanian...
More »US to launch fresh review of India's patent regime -Sidhartha
-The Times of India NEW DELHI: Within days of Prime Minister Narendra Modi's return from the US, the US Trade Representative (USTR) has launched a fresh offensive against India's intellectual property rights (IPR) regime, a move that may lead to the government going slow on a bilateral dialogue with Washington. On Tuesday, USTR will launch what it calls an "out-of-cycle review" (OCR) of India's IPR regime, following a report released earlier this...
More »Right to life overrides right to do business, Supreme Court rules -Dhananjay Mahapatra
-The Times of India NEW DELHI: Right to life outweighed right to do business with the Supreme Court on Monday rejecting State Bank of India's petition challenging an Allahabad high court order directing sugar mills in Uttar Pradesh to sell the sugar stock hypothecated to SBI against loans to pay sugarcane farmers' dues. Sugar mills had taken loans totaling Rs 3,000 crore from SBI by hypothecating their sugar stock. Under law, the...
More »Should India permit GM foods? -Suman Sahai
-The Tribune Agbiotechnology is presented in many forms - the most common being that it will solve world hunger. To reinforce this claim, there is an interesting word play at work. Agbiotechnology is referred to as the ‘Evergreen Revolution' or the 'Gene Revolution' but never genetic engineering, which is its correct name. Both Evergreen Revolution and Gene Revolution are deliberately coined terms which attempt to link Agbiotech with the Green Revolution....
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