Sunny News 1st-15th Sep , 2-012

September 1-15, 2012 Vol. 8, Issue - 05

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India exported medicines worth $13.2 billion last fiscal and the government plans to double it to $25 billion by March 2014. "If MNCs patents are not protected, then their governments can also put up non-tariff barriers to restrict entry of Indian drugs," said a government official familiar with the matter. "We are concerned that our exports will be targeted," he said, adding that hurdles could be in many forms such as increasing cost or registration or delaying registration.

It is being increasingly seen that local companies especially led by Cipla and Natco Pharma are aggressively challenging patents of MNCs and have launched generic version of patented drugs such as Swiss company Roche's Tarceva, Germany's Bayer AG Nexavar and US-based BMS's Sprycel.

In May, Hyderabad-based Natco Pharma also bagged the

country's first compulsory license to legally make and sell its low-cost version of Bayer AG's patented cancer drug Nexavar, raising concerns among MNCs. US-based Merck, Pfizer Inc and GSK have also received demands from local firms to waive off patent rights of its drugs, failing which the Indian companies can seek a compulsory license.

In spite of the fact that the patent holders have sued them for alleged infringement of patents, Indian courts have allowed the local companies to sell their drug during pendency of the final verdict, in public interest. Accord-ing to the suit, if the Indian compa-nies are found guilty of violating the patents, then they will have to pay penalties to the original drug maker. However in the case of India, that is impossibility given the slow churning of wheels of the courts.

It is a known fact that the world refers to many Indian pharmaceu-tical companies as Drug Pirates. But an even more insidious business engaged by the Indian pharmaceutical industry is the large scale marketing of substan-dard drugs in India commonly referred to in pharmaceutical parlance as 'generic' drugs. Now with the Government too stepping in and brazenly supporting this generic industry, even going so far to say that doctors should only prescribe medications in generic names is not going down well with the countries that do research for years or decades and spend

millions of dollars just to perfect a single drug, only to be copied and duplicated in India as soon as the drug is launched in the market.

There is no doubt that Europe and America will soon put barriers on Indian drug exports to those countries. It is not a question of whether but a question of when. One such move seen as a non-tariff barrier is the European Commi-ssion directive to make it man-datory from July next year for all active pharmaceutical ingredients exported from India to be certified by the country's s drug controller for EU equivalence certificate. There are concerns that India does not have the manpower or resources to comply with this norm which may affect exports to the region worth about $2 billion.

Generic drugs in India are usually manufactured by some unknown pharmaceutical com-pany, packed by another pharma-ceutical company and marketed in the name of a locally “reputed” pharmaceutical company. Coun-terfeit drugs too that are rampant in India are similar in quality to generic drugs and is another serious issue of concern to the country.

In the international pharma-ceutical market, almost all drugs made in India including the standard ones are referred to as generic or a copy of the original drug made by the discoverer of the drug although in India the term 'generic' is used only for substan-

Pages : 4PRESS ACCREDITATION

INDIA'S GENERIC DRUGS TO LEADTO SANCTIONS ON DRUG EXPORTS

Another Brutal Murder in 'God's own Country' ?

Kerala is in the news again not for the good reasons. This time it is the death of a youth named Satnam Singh Mann, a native of Gaya in Bihar at the Mental Health Centre in Kollam. Post mortem revealed that the death was due to severe wounds inflicted on the head and neck of the deceased. There were about 70 wounds noticed and blood-clot marks on the body.

The Crime Branch under the supervision of Ms. B. Sandhya, the Inspector General of Police has initiated an inquiry into the death of the disceased . As part of the inquiry, she has visited the Amrutanandamayi Ashram, the Mental Health Centre, the Police Station as well as the District Jail. The family members are insisting that a CBI enquiry should be ordered to bring to book the perpetrators of the brutal murder. The State Secretariat of the CPM has demanded a judicial inquiry. Shri. C. Achutanandan, Leader of the Opposition in the Kerala Assembly has insisted that a high level inquiry should be ordered as otherwise, the image of the state will be tarnished.

Meanwhile, the District Medical Officer has recommended severe action against seven people of the Mental Health Centre including

V. N. Gopalakrishnan

M. Thomas, USA

It is not a question of whether but a question of when ?

(continued on page 2 )

Sunny News

Wish all Readers

a

Happy Onam

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(Continued on page 4 )

“MONSOON SESSION” MAY BE THE BEGINNING OF END OF UPA-2 !

DR. G. BALAKRISHNAN PH.D

“Great comedy of errors turning into great tragedy”

True India needed economic growth due to its huge population dynamics.

But India politicians forgot that India is a democracy.Democracy is a 'cult of incompetence' is well known principle. When you are essentially incompetent how will you first get yourself

into competence ring is the question before you, after all you cannot be an arbiter, is it not?

There will be divergent opinions on the same issue as 'too many cooks to spoil the broth' are present not only in cabinet but in opposition parties, as also in your own allies in government with their own agenda.

One could have seen DMK's A Raja and DMK had different priorities, while keeping its supporters with some 'free bees', as also very Congress and other allies their own priorities like TMC wanted to 'run railways in its own way', like NCP its 'agriculture ministry' so also the congress with 'pet employment guarantee for agriculturists', after all every one of the parties want to hold on its 'vote bank' politics.

Economic growth is to be engineered through partnership with business and industry while government has to re-engineer on skill development of youth population while keep the 'active middle class and traders happy', a serious set of series of contradictions.

Similarly you have to keep the agricultural population also happy, by 'subsidies mechanism'; while 'allowing leaks' to others in 'subsidies' (a corruption engine) so that they do not 'sabotage your policies'.

Bankers to keep the wheels to move they also 'need their pound of flesh'.

(continued on page 4 )

The Indian drug companies' business of copying and selling generic versions of patented drugs is soon to lead to retaliatory action by Western countries that will hit India's drug exports. The games that India has been playing by openly allowing the infringe-ment of patent rights of these foreign pharmaceutical comp-anies causing them losses in hundreds of millions of dollars is soon to be the Achilles heel of India's pharmaceuticalexports.

Dr. G. Balakrishnan [Ph.D (Econ) ML., (Professor Emeritus)

(Economics & Management) &

Advocate(original side), Bombay High Court

& High Court appointed Mediator,

Sr. Counsel, Supreme Court of India]

PROMOTION' IS BASED ON 'TENURE' To know this one fact it took

several decades to identify the phenomenon from theory stage to real practice experimentation.

And this collective consensus of effort of dedicated physicists with supports of other area scientists and engineers in close coordination finally proved a fact, 'when the dark matter of energy is moving/running at light speed the mass gets converted to gaseous state; and that revealed if dark energy of matter speeds at light speed there cannot be any mass at all; that is some extraordinary phenomenon of no mass formation from matter. In other words, if 'light speed' occurs and if it 'reduces', then matter forms into 'mass'.

To know this 'truth', there is the need of 'Consensus' of dedicated physicists. So in any productive activities right from agriculture one needs a collectives of workers/farmers on the field, so one man what he conceives need to be put under a 'collectives of dedicated men / women'.

That led to the 'thought of collective of skilled farmers or skilled workers'.

But for such collectives, 'noth-ing' can be produced at all is the principle of 'consensus'. So it became 'vital tool' in any kind of industry was realized for time immemorial. The word 'Industry' means hard collective work and so 'Industry' is not called 'industries' when single product if finally produced. Take any activity, say a 'building' you need land, then other materials and necessary excava-tion with the help of 'dedicated experts, engineers, skilled and unskilled workers,' without them no investment can produce a building, that means, 'all are' needed and 'no one is a slave as such', as he has to use his necessary skill.

That way every person's contributions is vital that way 'con-

tive under 'performance feedback';-Aligns reward and recognition systems with enterprise objectives and strategic job familiar contri-bution.

But the truth is, what the author conveniently omitted may be by error the following factors -

You cannot get right people to do right things; it is not easy to get right people for right jobs though H R CONSULTANTS claim they can give right people; One has to realize every 'human being' is just 'unique' kind person; Every one cannot do every thing is an immemorial fact So every one is 'just individual'.

So, it is ideal, that one has to see what kind of men are there with him (entrepreneur). So also what kind of materials one has, is to be assessed, after all, you cannot get materials what you need?

It means maturity comes to an individual over years of experi-ence one serves a company for long so promotions go on seniority and ripe meaningful age to be a CEO, as every promotion works on proper loyalty and dedication to job over years it seems and that tradition also was there even in British India too!

That way the Japanese compa-nies worked so meticulously well, so it is clear except in synthetic kinds of productive kind of activities, that which is easy 'may be', but in real natural products, indeed it is next to impossible is the fact that is realized.

sensus' emerged.I was reading a management

journal there the author said, one need to think whether Strategy is working? Whether Strategy is the best choice?

Based on feed back Strategy refreshes the process and cycle continues… there is the need to know the organization values

- 'consensus and commitment to strategy direction';

- 'communicate strategy';- 'performance feedback'- 'reward and recognition' -how present day CEOs are

looking at: He says: -'he' looks for 'gross functional integration' and high level consensus;

-commitment to strategy, across leadership team, under 'consensus';

- Broad engagement across the workforce, local implications for strategic contribution are explain-ed under 'communication strategy;

- Integrated system-wide per-formance information enables him local optimization with in the context of enterprise-wide objec-

(The writer is a Post Graduate from IndianInstitute of Human Rights, New Delhi.)

September 1-15, 2012

The recently issued NMMC's order to close Fortis Hiranandani Hospital in Navi Mumbai by the health official reflects their high handed attitude towards private hospitals.The official had targeted this particular hospital for reasons one could imagine.

Fortis Hiranandani Hospital, Vashi, a state-of-the art, multi-specialty tertiary care hospital is said to have flouted law by operating beds in excess of its sanctioned limits. According to NMMC's councel YS Jahagirdar, the hospital has 150 beds sanc-tioned, an inspection revealed that it was operating 158 beds.

Justice Sharad Bobde and Justice Mridula Bhatkar of High Court rightly snubbed the official and reversed the order which was passed under the Bombay Nursing Homes Registration Act, cancel-ing the hospital's registration and ordering it to stop functioning.

The judges observed that an inference can be drawn that the order was mala fide. They pointed out that while four other hospitals were also found with violations, notice was issued only to Hiranan-dani to shut down immediately. How could he direct the hospital to close with such a short notice? There may be case of life and death emergency in the hospital.

The court questioned whether

the officer has followed the law while issuing the order to shut down immediately. How could we run hospitals according to the Whims and fancies of a health officer? These officials conveni-ently forget that some of the civil hospitals like KEM hospital or Sion hospital have patients lying even on the floors in between cots. It would be unfair to send back serious patients due to shortage of cots. The reaction of the same officer would have been different if any of his sick relatives were denied admission due to shortage of beds in any of the hospitals.

The court wanted to know what action NMMC is going to take against the health official. In the interest of our society, the court should confirm that NMMC takes stringent action against such erring officials. Instead of harassing officials of reputed hospitals like Hiranandani, the health official should spend his time at the civil hospital where there have been cases of expired medicines administered to patients.

Private hospitals like Fortis Hiranandani always maintain standards of their own and they would not like to tarnish their image by flouting laws unnece-ssarily. These selected hospitals should be kept away from the clutches of corrupt officials.

Right to legal Defence The right to be represented by a

legal practioner is a fundamental right enshrined in the India as well as the USSR Constitutions. But while the right to legal assistance in certain cases is a fundamental right to be granted to the accused under the soviet constitution it is not directly expressed so in our construction. As a result, it has been implicitly read in Article 21 of the constitution and has been converted into a fundamental right by the Supreme Court in sukhda's case, to which an indigent accused is entitled in criminal proceedings involving a grave offence.

According to Article22(1)of the constitution of India a person is entitled to consult a legal prac-tioner of his choice as soon as he is taken into police custody follow-ing a commission of a crime. But in Nandini Satpathy's case, a new dimension was given to the right to

legal defiance by Justice V. R. Krishna Iyer who stated that the right to consult an advocate of one's choice does not mean that the person who are under arrest or custody can be denied this right.

Since an accused is “presumed to be innocent” till his guilt is proved beyond all reasonable

doubt it is all the more essential that his right to consult a lawyer should begin even before he is arrested. The guidelines laid down in Nandini sat pathy's case have been followed in later case also Further more, with the object of making the right more meaningful the accused should have free and unfettered interactions with his lawyer at the time of consultation.

Right to choice of lawyer- the right to choose a lawyer of one's choice has been explicitly recog-nized in the legislation of both the USSR and India and any violation of this right by the law-enforce-ment agencies would constitute a ground for the quashing of a verdict. The right to consult and be defended by a lawyer of one's choice also prevents the state from imposing its own choice on the accused.

High court rightly snubs NMMC Health official

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(Continue from previous issue)

(Another Brutal Murder .. Continued from page 1)

The deceased youth was a second year law student and was hailing from a well-to-do family in Bihar. The youth left his native place two years back and showed symptoms of mental problems while doing his studies, according to Shri Harindrakumar Singh, the father of the deceased. The family also filed a complaint with local police at that time. The youth also showed inclinations towards spiritual matters, according to his relatives although he was visiting Kerala for the first time. However, a Swami attached to the Gurudev Centre in Kollam stated that the youth did not show any untoward behavior while visiting the Centre's library sometimes back.

Meanwhile, the body of the youth was cremated at his home town in Gaya without carrying out another post-mortem. A demand has been made to the Human Rights Commission by two advocates for adequate compensa-tion to the bereaved family.

Shr i . P. Parameswaran, Director of Bharatiya Vichar Kendra stated that the government should initiate a thorough probe to convince the devotees all over the world and the general public regarding the threat perception on the life of Amma. However, the question paramount in the minds of the family mem-bers of the deceased is whether they will get justice from the 'God's own country'.

two lady doctors. Justice J.B. Koshy, Chairman of the State Human Rights Commission has issued orders asking the Superin-tendent of Police of the Crime Branch to submit a report regard-ing the cause of the death by mid-September.

Satnam Singh Mann was spotted at the Mata Amrutananda-mayi Ashram in Kollam district when 'Amma' was giving darshan to her devotees. When Satnam Singh Mann created a ruckus at the darshan venue, he was promptly arrested and put in the Kollam district jail. From there, he was shifted to the Mental Health Centre at Peroorkada in Kollam district. It is alleged that the problem started when his head and beard was forcefully shaved. It has been reported that he was brutally beaten before the haircut. He had to virtually crawl on the floor to reach the bathroom in a deplorable condition for licking few drops of water to quench his thurst! There he became unconscious and died before the duty doctor arrived on the spot. It is also reported that he was shifted to the Medical College Hospital and informed the police about the death much later.

The DYSP attached to the Crime Branch after the post mortem, took evidence from Dr. Sunil Kumar, the Superintendent of the Mental Health Centre. The doctor confir-med that the youth was brutally assaulted.

Wish you a Happy Onam

C. R. UNNY

&

FamilyB-502, BPS Ananda, V.P. Road, Mulund (W), Mumbai - 400 050

Tel.: 2560 0563 / 98200 69563 E-mail : [email protected]

Last month (July 2012), the world came to know that the great Columbian writer and the 1982 Nobel Prize winner for literature Gabriel Garcia Mar-quez was suffering from dementia. The disclosure was made by none other than his younger brother Jaime Garcia Marquez, a civil engineer. He told a group of students at a lecture in the Columbian city of Cartagena that his 85 year old elder brother often telephoned him to ask basic questions. “He has problems with his memory. Sometimes I cry because I feel I am losing him,” the BBC quoted him as saying.

He is the first family member to speak publicly about the problem. There have been rum-ours about Marquez' memory problems.

Invited to talk about his relationship with Gabo, as the writer is affectionately known in Columbia, his younger brother Jaime said, he could not hold back about his illness anymore. “He is doing well physically, but, he has been suffering from dementia for a long time. He still has the humour, joy and enthusiasm that he has always had,” he said.

Gabriel Garcia Marquez, who has lived in Mexico City since 1961, is one of the most influential and highly acclaimed living authors. He is the author of several best selling books including Memoirs of Melan-choly Whores (2005), Of Love and Other Demons (1994) and Love in the Time of Cholera (1985). Carlos Fuentes, the late Mexican writer described him as “the most popular and perhaps the best writer in Spanish since Cervantes.” Gabriel Garcia Mar-quez' most famous novel One Hundred Years of Solitude has been translated into 37 languages and has sold more than twenty million copies.

Marquez was born in the small Columbian town of Araca-taca, the inspiration for his

fictional town of Macondo in One Hundred Years of Solitude. “It is a disease that runs in the family,” said Jaime. Both his younger brother and mother suffered from Alzheimer's.

And indeed mental illness has been a feature of Garcia Mar-quez's writing. One Hundred Years of Solitude, an epic tale of seven generations of Buendia family in a fictional Columbian village, begins with the story of a family unable to care for their senile grandfather. His other novel The General in His Laby-rinth describing the final days of Latin American liberator Simon Bolivar, shows a broken and confused elderly man.

Five years ago, when Gabriel Garcia Marquez turned eighty, he was felicitated at the International Congress of Spanish language. At this function, he recounted how his wife Mercedes had to hawk her jewels in order to pay rent and prepare food for their two sons during the 18 months it took him to write what many consider the greatest novel in Spanish since Don Quixote- One Hundred Years of Solitude.

“To think that a million people would read something written in the solitude of my room with twenty six letters of the alphabet and two fingers as my sole arsenal seems insane”, Marquez said recalling that the novel's readers have now exceeded 50 million.

`The thought, that their favo-rite author will not be able to write any more or even speak coher-ently, has saddened the heartsa of millions of his readers worldwide.

Nearer home, P. Bhaskaran, the great Malayalam poet was also a victim of Alzheimer's disease. In his last years, memory failed him and he couldn't recognize his own dear ones. In an interview to a magazine, Rekha Menon said that she was very sad to see her father-in-law in that condition. He couldn't recognize her. When some of his own film songs were played, he said, “Looks good. Who wrote it?”.

The World Health Organiza-tion estimates that some 18 million people worldwide suffer from Alzheimer's disease and over 3.5 million of them are Indians.

For the last several years, researchers and scientists have been looking for answers to this

illness, but sadly, nothing remark-able has been achieved. It is a disease of the elderly and as populations age, the numbers of those affected will increase. It will have a terrible impact on our society.

Doctors used to advise that mental exercise could, if not prevent, at least slow down the progress of the disease. It was therefore suggested that elderly p e o p l e s h o u l d e n g a g e themselves in pastimes such as Crossword Puzzle, Sudoku, Scrabble etc. Use or lose your brain, they said. Could anyone believe that writers like Gabriel G a r c i a M a r q u e z a n d P. Bhaskaran were not exercising their brains? It would be difficult to find other people who are mentally more alert than writers and speakers. Some doctors say that an active life style rather than a sedentary one helps keep memory loss at bay. Another solution suggested is medita-tion. However, none of these ideas has proved to be success-ful.

A July 2012 report says that scientists claim to have develo-ped a pill which could treat a variety of brain conditions inclu-ding Alzheimer's, Parkinson's disease and multiple Sclerosis. The new class of drug which can be taken orally, is designed to protect the brain by combating the damaging effects of inflam-mation. Two drugs in the class known as MW151 and MW189 have already been patented by researchers at the Northwestern University in Chicago.

The drugs work by prevent-ing the harmful overproduction of damaging brain proteins called Cytokines which scienti-sts believe contribute to a number of degenerative brain conditions as well as brain damage following stroke or injury. The findings suggest that it could be effective against a plethora of devastating brain conditions.

The fact remains that as of now, there is no cure for the disease and the condition re-mains irreversible. With rapid increase in the average life span of people everywhere, Alzhei-mer's and other diseases of the mind pose a real challenge to medical science.

Dementia claims another victim NAVI MUMBAI - NEWS

CIDCO agrees to part with 100 hectare land for MTHL project

The CIDCO has at its agreed to give more than 100 hectares of land for the Mumbai Trans Harbour Link (MTHL) connecting Sewree with Nhava in Navi Mumbai. City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) Chairman Pramod Hindurao told this to PTI . "The MMRDA had sought the land from the CIDCO for the MTHL project and during its recent board meeting, the CIDCO has resolved the pending issue by agreeing to give 100 hectares of land," Hindurao said. A proposal to give 12.50 per cent land and employment for at least one member of the family of the Project Affected People, was also tabled in the meeting, he said. According to him, the MMRDA had sought 96 hectares of land, which came under Chirle, Ghavan and Nhava Seva villages, which is in possession of CIDCO. 96 hectares of land will be used for the road, while around 8.50 hectares of land will be given to the contractor, to develop commercial structures, which could be used to generate funds for project capital, he said. The MTHL is proposed to be developed as an Expressway link with a six-lane dual carriageway road bridge and rail bridge connecting Sewri on Mumbai side to Nhava on Navi Mumbai side. The project is proposed to commence from the east side of Sewri railway station on the Harbour line of Central Railway, which would proceed to Nhava and terminate at the north of Chirle village with an interchange to National Highway 4B on the mainland, sources said. According to them, the Maharashtra State Road Development Corporation (MSRDC) Is nodal agency appointed by the Government of Maharashtra to implement this project. The development of phase I component is under bidding process and work is likely to be awarded soon. For remaining phase, the necessary studies have been commenced and same will implemented subsequently, sources said.

September 1-15, 2012

4 women arrested for stealing rice

The news published by various authors this publication are their sole opinion and Editor is in no way accountable and responsible.

in

DISCLAIMER

Dinesh Kodakkat &

Family

With best wishes from,

Onam Greetings

The Turbhe police arrested four women on Wednesday for allegedly stealing Basmati rice from a shop in APMC grain market and recovered 138 bags of stolen rice, worth Rs.16,500 in the wholesale market, from them.

Police stated that the accused stole the 138 bags, each containing one kilogram of rice, from Gayatri International Trader, a wholesale shop at APMC grain market in Sector 19, Turbhe, on the night of August 19 when the shop was closed. The shop owner registered a complaint of the same the next day at Turbhe police station.

Keeping the complaint in mind, a Beat Marshal attached to the Turbhe police found the movements of one Balaji Jadhav suspicious, and attempted to question her without success. Women police officials were then called in and Jadhav was taken to the police station, where she broke down on questioning and revealed the names of her three accomplices.

An official from Turbhe police station stated with regard to the accused, “They all are very poor and have no criminal history. However, we are trying to ascertain if they have committed such crimes in the past.”

The accused have been identified as Balaji Jadhav (30), Vimal Ramesh Rathod (30), Kamlabai Ram Chavan (40) and Bhartabai Vikash Rathod (27), all residents of Turbhe.

NEW DRUG FORM WEED FOR CANCER An experimental drug derived from a poisonous

weed can travel harmlessly through the blood-stream. Until it detects cancer cells and kills them.

It far outperformed docetaxel, a chemotherapy drug now used against prostate cancer, and was also highly effective against animal models of human breast cancer, and bladder cancer.

The study by scientists at the Johns Hopkins Kimmel Cancer Center and Denmark was published in the drug named G202 is derived from Thapsia garganica, a weed that grows in the Mediterranean region. The plant makes a product dubbed thapsigargin that since the time of ancient Greece has been known to be toxic to animals. In Arab caravans, the plant was known as the “death carrot” because it would kill camels that ate it, the researchers noted. “Our goal was to try re-engineer this very toxic natural plant product into a drug we might use to treat human cancer.” Says lead study author Samuel Denmeade, professor of oncology, urology, and pharmacology and molecular sciences at johns Hopkins. “We achieved this by creating format that requires modification by disassembling thapsigargin and chemically modifying

it, the researchers created a form that Denmeade likens to a hand grenade with the pin in. the drug can injected and travel through the bloodstream without harming healthy blood vessels and tissues.

But when G202 finds cancer tumors (called prostate-specific membrane antigen), in effect “pulls the pin.” That releases cell-killing agents from the drug into the tumor and the blood vessels that feed it, as well as to other cell in the vicinity. Specifically, G202 block the function of another protein-the SERCA pump-that is necessary for cell survival, the researchers report. Based on their laboratory results johns Hopkins physicians have performed a phase I clinical trial to assess safety of the drug and have treated 29 patients with advanced cancer. In addition to Johns Hopkins, the University of Wisconsin, the University of Wisconsin, and the university of Texas-san Antonio are participating in the trial. A phase II trial to test the drug in patients with prostate cancer and liver cancer is planned. Because G202 targets the SERCA pump, which all cell need to stay alive, researchers say it will be difficult for tumor cells to become resistant to the drug.

RBI, 926 Bank branches to collect Advance Tax in MumbaiThe Reserve Bank and 926 bank branches will collect advance

tax in Mumbai and Navi Mumbai. "As many as 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai and Navi Mumbai. These arrangements have been made for the convenience of the income tax assesses," RBI said in a notification today.

It said as many as 862 of these bank branches are from public sector, 35 are from HDFC Bank, 10 from ICICI Bank and 19 from Axis Bank. RBI said long queues and inconveniences can be avoided at its counters if the assesses in Mumbai and Navi Mumbai utilise the services being made available at various designated branches of banks and deposit their income tax dues well in advance of the last date.

September 1-15, 2012

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dard and low priced drugs. This is because under Indian law, only the manufacturing processes, not the products themselves, are covered by patents. Therefore, Indian drug companies can boldly reverse-engineer best-selling drugs in the international market and sell copies cheaply.

The Pharmaceutical Research and Manufacturers of America (PRMA) which represents the US pharmaceutical industry, says “Indian patent law is designed to punish importers of patented technology into India to encourage local production of cheap alter-natives."

It calls India's licensing prac-tices "infamous" and says the ex-perience of some American drug makers "has been so negative that most companies have abandoned efforts to obtain or enforce patents in India."

Exactly how much money Western pharmaceutical manufac-turers lose in India and other countries like Brazil, Argentina, Thailand, Egypt and China that legally allow drug piracy can only be guessed. But annual world sales of drugs amount to about $400 billion, and some executives claim that a tenth of that, $40 billion, is lost due to such markets.

Coming back to the issue that Indians need to be concerned about, it is imperative that the

(India’s Generic Drugs .... Continued from page 1)

Government immediately take steps to curb the menace of generic drug duplication. If left un-controlled, there surely will be sanctions by Western countries which will lead to India's drug export market annually worth $13 billion come crashing down.. Last but not the least, the strictest possible punishment coupled with heavy monetary penalties needs to be legislated for manufacturers and marketers of counterfeit drugs and there has to be a crackdown immediately. If these twin issues are not tackled soon, local pharmaceutical companies, who are now laughing all the way to the bank will have to endure a drastic fall in the value of their export orders.

The author was highlighting one of the detrimental policies of the Government like Patent infringement, software piracy, currency manipulation, stock market manipulation, retrospec-tive tax etc. These are all policy failures of the Government.

These myopic policies will give short term gains but in the long term nobody will want to do business with India. If the flow of money slows down, then Indian property and stock prices will crash or the rupee will crash and India will be back in the same old hole it always was.

V. K. GopinathanDirector

Call : 981972456199300418729223382781

Off.: 022 64521527Dombivli : 0251 2822096

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Regulator, RBI need to control contradicting forces to keep existing economy to run.

'Idle' Investors want their share of profits grow from their idle money they hold with them.

'All kinds of businesses' have their own perceptions to make 'profits' from all conceivable means, as none is interested over all prosperity of majority of 'Indians in the economy'.

See Sushil Kumar Shinde never bothered to keep the 'Grids' in tip top condition but allowed to rust with out worn machineries and energy failure thanks to Grid failures for a couple of days in 23 states, brought all productive activities to a grinding halt; the other day, while he took 'refuge' by comparing irrationally electri-city failures in USA and patting himself as a most efficient energy minister like Raja claimed in Telecom, and many other minis-ters in the cabinet clearly working in non cohesion patting them-selves, a great Indian Elephants.

Pranab Mukherjee allowed more and more 'fiscal gaps' to cover all the cabinet ministers' profligacy.

He taxed poor tax payer right and left.

He felt like 'Keynes-Paul Krugman theory' inherited from Man Mohan Singh, that consump-tion cycles only drive economic growth. True it is provided every one spends but a lot many save to the detriment of spender. This consumption philosophy failed miserably in 1930-40s led the recessionary depression, as every one hoarded gold, as is now being followed.

How Ambanis, Mahendras, Rajus, Reddys.., can hold so much cash with them idly, like LN Mittal, Kumar Mangalam and a host of others. If they hold then every millionaire is holding cash, as in real estate industry. So consumption economics idea fails.

How you will drive the 'economy growth', when today Telecom sector wants that 'reserve

price' of Rs.14000 crores Spect-rum pricing need be reduced by government. Where is the 'con-sumption drive' for economic growth?

Manmohan went on his pet idea of Nuclear power generation which may be possible in real terms, after one or two decades later, like Raja wanted every poor man holds a cell phone, in his hand, as if that they are all 'productive workers'.

In fact he bled BSNL / VSNL / MTNL and once a 'Navaratna', shamelessly, now these Navarat-nas are just muddy.

Now some how or other Pranab got extricated himself by becoming President of India though he would have liked to be a PM but realized that it is first priority to get out of Congress by becoming President of India.

Now ManMohan took over temporary charge finance port-folio like a 'hot potato' and he felt the too much heat, he lovingly transferred to Chidambaram.

(Monsoon session may be .... Continued from page 1)

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