-Reuters Global drugmakers, battered by recent intellectual property decisions in the country, are girding for a landmark court ruling on Monday with broad consequences for their ability to sell lucrative patented medicines in the country. Supreme Court is due to decide on April 1 whether or not Swiss giant Novartis AG's cancer treatment Glivec deserves a patent in the country. "Big Pharma is nervous because nothing has gone in their favour in the...
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No tax relief for SEZs, rules Chidambaram -Sidhartha
-The Times of India In a major setback to special economic zone (SEZ) developers, finance minister P Chidambaram has turned down the commerce department's plea to cut the minimum alternate tax (MAT), which was imposed two years ago. A lower or no tax burden was cited as one of the main drivers for boosting investment in what were until recently duty-free enclaves. The commerce department had made a case for reversing Chidambaram's...
More »A tainted tradition-Raksha Kumar
-The Hindu Natpurwa is a village where women have been forced into prostitution for centuries. And one of them is determined to help the others break free. Round faced, stout and dusky, Chandralekha, at age 15, was the most desired girl among the politicians, policemen and senior members of Eastern Uttar Pradesh’s civil society. “They always wanted plump women,” says Chandralekha, now 51 years old. Chandralekha was pushed into prostitution, by her...
More »Water shows the way-Smriti Kak Ramachandran
-The Hindu As the world observed World Water Day last week, Bolivian water activist Pablo Solon narrates how his countrymen forced the repeal of a water privatisation attempt by the government What began as an ordinary citizen’s protest against water privatisation laid out the path for a bigger revolution that eventually paved way for Bolivia’s first indigenously elected government. With worldwide discussions for sustainable management of fresh water resources gaining ground in a...
More »European Union-India FTA may hit generic medical industry-Rema Nagarajan
-The Times of India The Free Trade agreement that European Union is pushing India to sign could put an end to India's status as the pharmacy of the developing providing affordable medicines, especially HIV drugs to countries like Brazil, Thailand, South Africa, Zimbabwe and several others. The negotiations with EU are on at a feverish pace this week in Brussels even before the parliamentary standing committee looking into the Free Trade...
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