A patent is an artificial property right; it is created by the government, and would not exist if there were no government or if it did not grant patents. It is then for the government to decide whether to grant a patent or not. But a government would not normally make the decision arbitrarily; it would follow some rules. The rules universally followed are novelty, non-obviousness and commercial value. A...

SKS Microfinance, India's largest microfinance player, arrived with a bang with its hugely successful IPO in August. However, the recent sacking of its MD and CEO Suresh Gurumani  has opened up a pandora's box that is now threatening to expose the ugly underbelly of the sector which, many allege, is teeming with players who are no better than moneylenders but have so far been able to operate under the pious...

India may seek the setting up of a special panel within the World Trade Organization to resolve the dispute with the European Union (EU) over the seizure of generic drug exports. The commerce ministry is ready to push for this at the WTO in the next week after months-long consultations with the concerned authorities, said a ministry official familiar with the development. Commerce secretary Rahul Khullar said both sides are still talking...

Even as India and the European Union (EU) inch closer to threshing out a free-trade agreement, the unresolved issue of seizures by EU member countries of Indian generic drugs on their way to other destinations continues to sour relations between the two. Over a score of such incidents of unlawful confiscation of Indian drug shipments by European customs authorities have occurred in the past three years. Ironically, most of such...

Apni kheti, apna khaad / Apna beej, apna swaad (Our own farm, our own fertiliser / Our own seeds, our own taste) -- Prakash Singh Raghuvanshi. A farmer from Tandia village in Varanasi has a solution to India's burgeoning food crisis. In a land where poverty, hunger, malnutrition and farmer suicides are rampant, Prakash Singh Raghuvanshi's innovation could work wonders. He has single-handedly developed a number of high yielding, nutritious...