-Live Mint Developments a part of reforms initiated after apex court’s intervention to amend Drugs and Cosmetics Act The health ministry has tightened the norms for clinical trials by making it mandatory for companies to compensate patients who may suffer injury or death while participating in the trials even if they have not been caused by the drugs being tested.   So far, the compensation has been restricted only to cases where the...

-The Guardian Inequity such as that symbolised by Antilla, the world's richest home, thwarts poverty reduction – and policymakers must act If you want a glimpse across the yawning chasm that separates the world's super rich from the ultra poor, there's no better place than Mumbai's Altamount Road. Look up and you'll see Antilla, the world's most expensive home. With spectacular ocean views, swimming and gym facilities, and no fewer than three helipads,...

-PTI Triggering a fresh debate in the context of the brutal gangrape in Delhi and youth protests that followed, President Pranab Mukherjee on Friday raised a question whether the country's legislature reflects emerging India or does it need radical reforms. Asking whether corruption has overtaken morality in life, he said elected representatives must win back people's confidence and the anxiety and the restlessness of the youth has to be channelised towards change...

-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...

-Frontine Walmart’s disclosure that it spent huge amounts of money on lobbying in India and the allegation that it entered the retail sector through indirect means highlight the power of global capital in dictating the country’s policies. The world’s largest multi-brand retailer Walmart’s disclosure to the United States Senate that it had spent $25 million (Rs.135 crore) since 2008 on its various lobbying activities, which include enhancing access to the Indian...