Multi-billion business of illicit drugs thriving in India
While the top players of the over Rs850 billion pharmaceutical business are up in arms over what they call rampant spread of counterfeit drugs (allegedly 20% to 25% of total pharmaceutical sales) in the country, enforcement agencies and some pharmaceutical associations say the situation is not that alarming, reports PTI.

But, they acknowledged that there are areas, which have slowly...

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  • Nilekani to resigns from Infosys following PM’s offer to head UIA
    Infosys Technologies Ltd’s Nandan Nilekani has resigned from the company’s board and also relinquished his position as co-chairman following his appointment as chairperson of Unique Identification Authority of India by Prime Minister’s office, the company said in a release.
    Prime Minister Manmohan Singh had invited Nilekani, co-chairman of the country’s second largest software company, to chair an authority that will create a unique identification database of the country's citizens, reports PTI.

    As chairperson of the Unique Identification Authority of India (UIA), Nilekani would enjoy the rank of cabinet minister, the Prime Minister's office said in a notification.

    The functioning of the authority and activities to be performed by the UIA would serve multiple objectives. The authority shall have the responsibility to lay down plans and policies to implement the unique identification scheme in the country. It shall own and operate the unique identification number database and be responsible for its updation and maintenance on an ongoing basis.

    Nilekani’s name had earlier been discussed as a member of the planning commission with the rank of a minister of state. But it was later felt that the UIA project requires a professional of the stature and calibre of Nilekani. As the chairperson of the UIA need to deal with other ministries like home, labour, rural development and information technology, it was felt to assign cabinet minister’s to the post.

    The first UPA government had on 28th January notified the UIA under the planning commission and provided Rs1 billion in the interim budget to start the project.

    Nilekani is co-founder of Infosys and has served as a director on the company’s board since its inception in 1981. Between March 2002 and June 2007, he served as the company’s chief executive and managing director. Thereafter, he was re-designated as the co-chairman of the company. – Yogesh Sapkale [email protected]

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    Padamsinh Patil & the Home Trade Scam
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