-Business Standard Indian and other generic drug firms face prospect of US legislature debating compensation for undue price rises Indian generic drug makers might, if a proposed US law comes about, need to pay a rebate to the federal Medicaid programme there when prices of their medications outpace inflation. A Bill is to be introduced in the US Senate by a member, aimed to cushion the impact on taxpayers in this manner...

-Livemint If Narendra Modi does not believe in a social safety net like MGNREGA, he should repeal the Act. Or else, reform it On 13 October, 28 leading development economists wrote a letter urging the Modi government to avoid diluting the Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA (often referred to as a scheme). Judging by the proposed changes to MGNREGA mentioned in the letter, one would be compelled to...

-The Indian Express A headlong rush into PPPs will only leave a trail of disputes, renegotiations, corruption. The conventional wisdom in India on public-private partnerships (PPPs) is that they help governments raise capital to meet large infrastructure investment targets. But this rationale for promoting PPPs does not stand on strong foundations. There are three potential reasons for supporting PPPs. First, they enable governments to access more capital without visibly breaching fiscal targets. In...

-The Times of India NEW DELHI: Stuck on a waterlogged road, many of you would blame the monsoon for your misery. This report should dispel that notion. In its audit of Delhi's drainage, desilting and flood control measures, the Comptroller and Auditor General of India has unearthed systematic fraud and neglect, showing how taxpayers' money is virtually going down the drain. The report, which could be tabled in Parliament soon, reveals a...

-The Times of India NAGPUR: Maharashtra government disclosed that it had incurred a expenditure of Rs 3.71 crore on probe panel of much-hyped Adarsh Housing Society scam in Mumbai. This led to rest the speculations about total amount spent on the scam report drafted by Justice JA Patil and former bureaucrat P Subramaniam. Earlier, it was speculated that the government had spent Rs7 crore on the panel constituted in 2011 by...