INDIA INTELLIGENCE REPORT

 

Business & Economy

Indian farm organisations wrest
wheat patent from Monsanto

What is India News Service, Monday, 11 October 2004, 1900 hrs IST

Indian organisations emerged victorious as the Munich-based European Patent Office (EPO) acted upon their petition and revoked in "total" a patent given on an Indian wheat variety recently. 

The multinational corporation Monsanto was unable to file a contest against the petition challenging the patent in its favour.

The three organisations - Bharat Krishak Samaj (BKS) and Nandanya of India and Greenpeace of Germany - had taken the initiative to fight for Indian farmers to save the Indian wheat variety - Naphal - which was patented in EPO in Munich, Germany.

They had unitedly challenged the unjustified patenting on January 27, 2004.

PM raises eyebrow, minister Aiyar\92s daughter dropped from Dabhol panel: Just last week, the Government sheepishly asked for a two-month extension in the ongoing arbitration proceedings in London in the $5.2-billion Dabhol case. Reason: it disbanded the legal team from the previous regime and wasn\92t able to put a new one in place. The new team now just lost a member. Prime Minister Manmohan Singh is said to have expressed his \91\91reservations\92\92 over the inclusion of a Union Minister\92s daughter in the panel of lawyers constituted by Attorney General Milon Banerjee.

India appoints London firm to fight DPC legal battle: The centre has appointed UK-based solicitor firm Watson, Farley & Williams to fight GE and Bechtel, which have filed $6 billion claims against the Indian government for investment losses in the failed Dabhol power project.

Over 400 stocks touch all-time high on BSE: The Indian stock market seems to have entered a bullish mode as more than 400 stocks have touched their all-time high levels this year. This is almost 20 per cent of the stocks traded on the BSE regularly.

LIC wants a piece of bank M&A action: The insurer plans to raise stakes ahead of consolidation.
 
Drug firms pay in double doses: Mid-sized companies' talent grab sends salaries into orbit.

Banks lend farmers a hand to escape moneylenders' clutches: Moneylenders have been blamed for farmers' suicides in recent months. But this is a story of a knight in shining armour who has come to the rescue of farmers caught in debt. 

Spotlight
Metal scrap import

The government on Saturday tightened norms for import of metal waste in the wake of a blast at a steel factory in Ghaziabad.

Opinion
Dangers of heavy metal scrap trade in India: It needed the death of 10 persons and the discovery of live ammunition in several places for the government to wake up to the need to re-examine the metal scrap import policy, Sucheta Dalal writes in the Indian Express



BSNL-Reliance spat has a security angle too: Is the feud a bilateral one or a matter to be pursued by the Department of Telecommunications and other authorities?

Reliance to settle major part of Nocil debt: Reliance says it will cough up 80 per cent of the dues, while Nocil will pay the rest.

Mobile users sore over multiple messages: Here comes the most surreptitious, smartest and almost foolproof move by mobile companies to fleece customers. It's called duplicate messaging.




Overall:

Indian organisations wrested patent: The European patent office has revoked a patent it had given in favour of Monsanto.

Government tightened scrap import norms: After a blast that claimed 10 lives, India is wary about importing metal scrap from war-affected countries. 

Mobile users are angry over multiple messages: They say c
ell companies are sending multiple messages and ripping off customers.