'We have often heard the mythical argument that patents block access to life-saving drugs, but only 5% of medicines from multinational companies are under patent protection in India.' 'Where these patented products are beyond the reach of Indian patients, the companies have programmes to facilitate access to their drugs, for free or for a fraction of the price,' points out Ranjana Smetacek, former director general, Organisation of Pharmaceutical Producers of India.
Rediff readers shared these interesting #India-Photos from their travels.
Rediff reader Ashish Tripathi sent us these pictures from his trip to Goa with friends.
'The true meaning of a miracle was understood when I witnessed the baby being delivered.'
The batting maestro has so far scored 186 runs in 10 matches at a below-par average of 20.67.
We live in a world where we crave appreciation. We need to learn to appreciate ourselves instead of waiting for others to appreciate us.
The best photographs of India shared by our readers.
Fetching drinking water from a mosque in Pakistan's Punjab province landed a Hindu family in trouble as some people tortured and held them hostage for 'violating the sanctity' of their place of worship, a media report said.
TotalEnergies will acquire 25 per cent shareholding in Adani New Industries Ltd -- the firm that houses Adani Group's new energy business -- for an undisclosed amount, the two firms said in separate statements. "TotalEnergies has entered into an agreement with (Adani Group's flagship) Adani Enterprises Limited (AEL) to acquire a 25 per cent interest in ANIL," the French energy giant said.
'He has to listen to his body and his mind and he decided to leave politics.'
The agreement means consumers will enjoy more choices and varied price points.
Rediff reader Arun Khanna shared these stunning photographs of India's beauty.
Rediff readers share their best pictures of India from their travels.
'Thankfully, most investors in India have now seen through this false narrative and are once again deploying their hard-earned money.
'The finance minister said, the MSME is the backbone of the economy. My question is, what have you done for the sector?'
Many of them are housewives looking to increase income in households struggling with the economic devastation caused by COVID-19.
Challenge the status quo, question the why behind processes, and push yourself and your organisation. That's how you will win, even if you 'lose' is Neha Sampat's advice to wannabe entrepreneurs.
Rediff readers shared these pictures from their travels.
FIFA president Sepp Blatter shrugged off Luis Figo's accusation he had turned world soccer's ruling body into a dictatorship.
'A Colourful World is for every child, telling them that like the different coloured crayons in a box, they should also appreciate their differing identities, shine and live peacefully with other human beings in our colourful world.'
BMA's clients allege that depository firm CDSL and stock exchanges did not act on their complaints, prompting them to protest before Sebi. They say their shares have been transferred to a pool account without their knowledge and have been used to avail loans. Clients alleged that BMA has pledged their securities with a leading private bank, who could have sold their holdings.
Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies, sources said. BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. As per the legal position evaluated by Department of Investment and Public Asset Management (DIPAM) - the department running the process for sale of government's entire 52.98 per cent stake in BPCL - the acquirer of BPCL will have to make an open offer to the minority shareholders of Petronet and IGL for acquisition of 26 per cent shares, three sources with knowledge of the matter said.
Bariatric surgeon Muffazal Lakdawala shares interesting recipes in his new book.
We've been asking you to share your most interesting #India-Photos and travel stories.
Rediff readers shared these beautiful images from their travels across India.
According to a new survey, one out of four married Indians fear that their partner is cheating on them.
Jagjit Anthak from Thane sent us these photographs from his visit to Ranthambore Tiger Reserve.
Rediff readers shared these pictures from their travels.
At a time when crude oil and natural gas prices are sky-high, public sector behemoth ONGC's haphazard planning and mismanagement in developing showpiece deep-sea KG-D5 block is costing the nation over Rs 18,000 crores due to the delayed output of oil and gas, government officials said. ONGC was originally to start gas production from the Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020. But these targets were quietly shifted to end-2021 because of deferments in awarding the fragmented work packages of the project, two officials with direct knowledge of the matter said on condition of anonymity.
Keep your tweets informative and entertaining such that it stands out from the rest, says Dr Ranjit Nair.
Shripad Khire from Sangli sent us these photographs.
Rediff reader Debayudh Chattopadhyay sent us these pictures from Tadoba.
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A team from Serbia had participated in the Vibrant Gujarat Summit in 2013, and that country is participating in this year's summit as well.
'This offers us many opportunities to meet people in different ways, and we will do this with full respect to India.'
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'
Rediff readers shared these beautiful images from their travels across India.
Modi will utilise the Presidential poll to show that he is the only leader who matters in India, argue Sunil Gatade and Venkatesh Kesari. So the question being asked in political circles is: 'Who will be the next Kovind?'
On February 19, India's largest private low-fare airline IndiGo announced the resignation of one of the two founders, Rakesh Gangwal, from the airline's board and his intentions of offloading his stake in the airline over the next five years. The announcement came on a Friday, giving the stock markets the weekend to absorb the news but the markets registered a tepid response on Monday's opening. In contrast, in July 2019, when the fight between the two founders and erstwhile friends first became public, the markets reacted savagely. The IndiGo scrip at the time fell 19 per cent, wiping out millions of rupees of shareholder wealth before bouncing back. For readers who may be hazy on the details of the dispute, here is the context.
Rediff readers shared these pictures of India from their travels.
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