-The Telegraph New Delhi: The housing ministry is thinking of setting up an institute of urban planning that will act as a think tank as well as train personnel in city planning. The Prime Minister will chair the governing body of the institute, which will be located in Delhi. The Delhi Development Authority has sanctioned five acres for the institute, to be built with a budget of Rs 300 crore. The government plans...
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United States finds pesticide residue in basmati, exports plunge -Madhvi Sally
-The Economic Times NEW DELHI: Basmati rice exports to the US have plunged because many Indian firms are under an import alert by the US authorities, leading to a detailed scrutiny for pesticide residue in every grain being shipped out. This has raised costs, upset schedules and obstructed sales, prompting exporters to seek government intervention. In the first quarter of calendar year 2013, exports were down to 19,583 tonne. With 31 Indian...
More »Bribery probe against Walmart inconclusive, but no clean chit to US retailer -Anandita Singh Mankotia
-The Economic Times NEW DELHI: Terming some of the answers provided by Walmart as "incomprehensible" and parts of the deposition by its just departed India boss Raj Jain as "ambiguous", a government committee set up to look into whether the US behemoth indulged in bribery in India, has refused to give it a clean chit, complicating its efforts to draw a line under the episode. The one-man committee under Justice Mukul Mudgal...
More »Blood pressure drugs and antibiotics to be cheaper as government plans to notify price caps -Soma Das
-The Economic Times NEW DELHI: Top-selling blood pressure drugs and antibiotics could become a lot cheaper as the government plans to notify price caps for 51 essential drugs early next week under a new drug price control order that was enforced last month. Under this second lot of notifications by the National Pharma Pricing Authority, the brands selling the most expensive antibiotics would have to cut their prices by 30-60%. For instance, the...
More »Private weather forecasters contest Met Department's early monsoon theory -Madhvi Sally
-The Economic Times NEW DELHI: The weather office may have jumped the gun in declaring last week's torrential rainfall in northern India as monsoon showers. Private forecasters say the devastating downpour was a freak pre-monsoon phenomenon that has been followed by dry weather. The India Meteorological Department insists that monsoon rains arrived two weeks early, but private forecaster Skymet says the claim is debatable. It says northern India will get the next...
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