-The Business Standard   It appears a committee headed by Planning Commission member Arun Maira examining the case for continued unrestricted foreign direct investment (FDI) in the pharmaceutical industry has opted to oppose the move to change the present regime. The only concession it is willing to make to the health and commerce ministries’ demand that approval of such investment be routed through the Foreign Investment Promotion Board is to ask for...

Mulling It Over     100% FDI allowed in pharma sector through automatic route     Seven top Indian firms have been acquired by MNCs in the past six years     Fear of price rise in generic medicines if MNCs control market     Health, commerce ministries want FDI to go through approvals     PMO meeting key ministries next month to take a decision *** Prime Minister Manmohan Singh has always been firm in reminding domestic industry that their fear...

The foreword — to the Draft National Land Acquisition and Rehabilitation and Resettlement Bill 2011 — that says “urbanisation is inevitable” (I.p.1) signifies danger. The Bill, if enacted in its present form, is likely to worsen, and not stop, displacement of tribal, Dalit and other backward communities. The Bill states: “The issue of who acquires land is less important than the process of land acquisition, compensation for land acquired and...

The key to Anna's appeal lies in his status as a detached, almost bewildered outsider in the world of FDI inflows, stock indices and GDP growth numbers. If two years ago, someone had predicted that the next popular leader who would catch the imagination of the middle class and become the spearhead of an unlikely protest movement spanning a large part of urban India would be a 73-year-old largely unknown man,...

Through every stage of environmental clearance, the Prime Minister's Office and the finance ministry tracked the Rs 54,000-crorePosco integrated steel plant with keen interest even as the environment ministry sidestepped its own reservations to let the project pass, records with TOI show. The records accessed from the environment ministry do not show any interference from the two quarters but the PMO and the finance ministry followed the case from 2007...