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Latha Jishnu: The campaign against that pesky 3 (d)
For the Americans (and some Europeans) it’s “that pesky section”. And the US government is throwing its weight behind an industry campaign to discredit this section if not get it removed from India’s Patent Act. Yes, of course, it is Section 3(d) that is under attack from big pharma which has lost no opportunity in pointing out that this law will stifle the growth of India’s own drug companies and also choke off foreign investment in the sector. In recent weeks, this campaign has picked up in tempo both here and abroad.

Foresight plans 25 outlets in 3 yrs
Foresight Opticals, the retail chain of optical stores from Foresight Vision Care Compnay Pvt Ltd, is planning to open 25 new stores in major cities across India in the next three years (by FY 2012-13).

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IDBI Bank gets variable pay surprise
Only public sector player to have performance-linked salary
Public Company

Several mines explode along LoC

Several mines exploded along the Line of Control (LoC) when a fire broke out in the area, defence officials said today. - Varun Energy acquires Madagascar uranium mines - IBM suspends operation of Thakurani mines - Suzlon to supply 15 units of wind turbines to RSMML - Centre bans mining at six mines in AP - Govt initiates process for setting up Mineral Development Fund - Miners seek graded royalty on ore The fire which broke out from Kulgori forest belt in Pakistan Occupied Kashmir (PoK) close to the Line of Control in Balakote belt of Poonch district last night has now been controlled, they added. The fire spread to this side of LoC in Cheer, Rani Tikri and Chatali forest belts in Balakote and as a result of which several mines planted along the borderline to counter infiltration exploded, they said. "The fire has been extinguished this morning and there was no loss of life or injury to any jawan posted along the forward areas along LoC," Brigadier General of Staff Gurdeep Singh said.


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