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India has a problem with inequality, and it won't be solved easily-Kunal Kumar Kundu

-The Business Standard Why government policy and jobless growth have let inequality worsen in recent times The Forbes list of billionaires features 55 Indians in 2013. The estimated net worth of only the top ten is $102.1 billion or approximately 5.5 per cent of India's gross domestic product. Paradoxically, every third poor person and every second malnourished child in the world is also an Indian. India also adds 7.5 million babies with...

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Ranbaxy's dark chapter-Bhupesh Bhandari

-The Business Standard Why have Indian authorities woken up to the Ranbaxy case only now? The matter had been simmering for several years The Ranbaxy affair is one of the darkest chapters of India's business history. The company has admitted it fudged data so that it could launch its products in the United States. It has now paid $500 million as a penalty to settle the case. It is worse than Ramalinga...

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Ranbaxy case may take a toll on other Indian drug makers

-The Business Standard The tussle between the US Food and Drug Administration (US FDA) and Ranbaxy is likely to hit the plans of Indian pharmaceutical companies of making it big in the US generic drugs market. Apart from the fact that their image may take a beating, the additional scrutiny on abbreviated new drug applications (ANDAs) from India would lead to more delays in drug approvals. Last week, Ranbaxy had agreed to...

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Working women: Delhi has lowest percent in top cities -Rukmini Shrinivasan

-The Times of India NEW DELHI: Delhi has the lowest proportion of working women of any major Indian city, analysis of newly released Census data confirms. Kolkata and Mumbai have nearly double the proportion of working women as the capital city, and southern cities including Coimbatore and Bengaluru are at the highest end of the spectrum. Data released by the office of the Registrar General and Census Commissioner of India two...

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Services sector contributes Rs 2.98 lakh crore to Delhi's GDP

-PTI NEW DELHI: The services sector contributed a whopping Rs 2.98 lakh crore to Delhi's gross domestic product (GDP) of Rs 3.65 lakh crore in 2012-13, keeping its position as the main driver of the city's economy. The services sector, which includes real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, accounted for 81.54 per cent of Delhi's total GDP in 2012-13 compared to an 81.62 per cent contribution in 2011-12,...

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