Negotiations for a trade deal between India and the UK have run into fresh controversy, after the proposals under a leaked chapter of the deal on intellectual property (IP) are believed to put access to affordable, lifesaving generic medicines from India at risk. According to the draft IP chapter put out by an international trade portal bilaterals.org, the UK is seeking continuous extension of patent period and rights through small tweaks in the drug, known as evergreening. This may prevent patents from expiring, impacting cheaper drug availability and its production by Indian generic drug manufacturers.
'The most important expenditure in the Budget that indicates employment generation is infrastructure.'
Economists on Tuesday are not convinced about the latest monthly unemployment data released by the Centre for Monitoring India Economy (CMIE), particularly about the statistics of the rural areas. They asserted that it is difficult to get the real picture of unemployment from the methodology used by the CMIE to get the data. The overall unemployment rate in India has increased to 7.83 per cent in April 2022 as compared to 7.60 per cent in the previous month, CMIE said in its report.
Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the "war against inflation" is never over. "Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
The biggest risk to India's growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Wednesday. Varma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating and high inflation will certainly not become the 'norm' in the country. He is cautiously optimistic about the Indian economy as after the pandemic abated, consumption demand has begun to recover though the recovery is uneven across sectors and industries.
'Oommen Chandy always had time for his people and valued their voices.' 'There was no rest for him as long as the betterment of his fellow citizens was at stake.' Ambassador Venu Rajamony, who knew the former Kerala chief minister for half a century, salutes a beloved leader who worked tirelessly for the welfare of its people.
Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
Lloyd and Sussane Rudolph -- two University of Chicago professors who started studying Indian politics in the 1950s, have been named the winners of the Padma Bhushan Award.
'Concerns about India's future are hampering private investment.' 'If the private sector sees strategy, teams and execution on these issues, this will inspire confidence in India.' 'This should be our main strategy for 2017,' says Ajay Shah.
'This will not be the last time a virus threatens our lives and our livelihoods'
When the votes get counted for the assembly elections in Gujarat and Himachal Pradesh, the ruling Bharatiya Janata Party will be hoping to set a few new records.
'It is building the country's infrastructure, and delivering it very efficiently.'
Unless Punjab has a chief minister who is able to look beyond community/vote bank politics, carry all sections of society, stop appeasing while addressing genuine concerns and break the stranglehold of the SGPC over Sikh affairs, my beloved home state is bound to die and conversions will be rampant, warns Sanjeev Nayaar.
'We have to provide opportunities for those students who are willing to move for studies and later on for employment, and CUET is one such opportunity.'
Pulitzer Prize-winning author and oncologist Siddhartha Mukherjee, and Professor of Economics at Harvard University Raj Chetty have been named by the Carnegie Corporation of New York as '2020 Great Immigrants' honourees, the Corporation said in a statement on Wednesday.
'The BJP's real weapons are Hindutva, organisation and finance.'
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.
In India, air pollution is most severe in the Indo-Gangetic Plain (northern India), where topography and meteorology concentrate pollution from energy, mobility, industry, agriculture, and other activities, the researchers said.
MIT, in a release, said the 'work of Duflo and Banerjee has emphasised the use of field experiments in research, to bring the principles of laboratory-style randomised, controlled trials to empirical economics'.
On Monday, the Royal Swedish Academy of Sciences announced that Abhijit Banerjee, Esther Duflo and Michael Kremer had won the 2019 Nobel Prize for economics "for their experimental approach to alleviating global poverty". The research conducted by them has considerably improved the ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research, said the Royal Swedish Academy of Sciences. Here are some interesting facts about the Indian-origin Abhijit Banerjee.
'By the 2019 Lok Sabha elections, they moved back to the BJP almost totally and later their backing helped us win the local body elections.'
'The State uses identity politics as part of divide and rule; the militant groups too use identity politics and civil society groups are also divided along ethnic groups.'
'Had it not been for the complicity of the state and Biren Singh's leadership, these riots would not have spread this far and for so long.'
More boys than girls with cancer in India are being diagnosed with the disease and the probable cause for this is gender bias in society, according to a study published in The Lancet Oncology.
The Government also defended the President's decision to enforce a state of emergency, that had given him sweeping authority to act in the interests of public security and preserving public order, including suspending any laws, authorising detentions and seizing property, saying it was declared after attempts were made to attack the President's Office and other public property.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
The study conducted a systematic survey of landslides and derived a statistical model, aimed at quantifying landslide susceptibility along the NH-7 at a high spatial resolution, the findings said.
The defence budget was increased to Rs 5.94 lakh crore for 2023-24, up from last year's allocation of Rs 5.25 lakh crore.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Nowadays, our politics is habituated to sitting on a high pedestal, hobnobbing with world leaders, generating impressions of a superpower and returning to earth for the purpose of winning elections. In contrast, the yatra never left earth, observes Shyam G Menon.
'If you look at the entire 60-day period of March and April, you see that temperatures were soaring more than 3.5 degrees Celsius above the maximum temperature.' 'Normally, events like this happen only for a short period.'
The implication of a slowdown in the financial services sector are very different (eg, likely to affect fewer people directly, and even that affecting those at the top of the income distribution) from that of a slowdown in construction, one of the most employment intensive sectors in the Indian economy (that will affect aggregate demand much more).'
When Parag Agrawal was appointed CEO of Twitter in November 2021, the IIT graduate joined a steadily growing club of executives from India rising to the top of global corporations, but the 38-year-old executive's brief tenure at the helm of the social media giant was challenging and chaotic.
The last date to apply for the September 2022 term of the programme is August 19, 2022.
Though Covid cases are rising in Delhi and its satellite towns, the focus should be on hospital admissions that have remained the same or changed just marginally, say several scientists, underscoring that the uptick is not an indication of a fourth wave in the country at this point.
'There is only one common feature between Gorbachev and Putin.' 'They are both patriots, and both try to save Russia and make it great.' 'But in very, very, different ways.'
From his economist mother to politicians and academia -- all hailed Banerjee's achievement.
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