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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.

35% voting in Jharkhand till 1300 hrs
Around 35 per cent voting was recorded till 1300 hrs today in the first phase of elections to 26 Assembly seats in Jharkhand.

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Blackstone plans to list 8 firms, sell 5 others: report
Global investment firm Blackstone is planning to list up to eight of its firms and sell at least five others, a move that marks a shift in its pessimistic view about the world economy, media report says.
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IOC to supply cleaner petrol, diesel to 13 cities from Apr 1

Indian Oil Corp, the nation"s largest refiner, and other state-run refiners will supply Euro -IV grade petrol and diesel in 13 big cities from April 1, but supply of the cleaner fuel to rest of the country may be delayed by three to six months. - IOC hires banks for first overseas bond sale - IOC appoints three merchant bankers - IOC wants 50,000 acres for biofuel cultivation in UP - Cash for OMCs to cut losses - Biodiesel producers agree to cut price, OMCs find it too high - IndianOil takes BOOT route for Paradip While petrol and diesel meeting the stringent Euro-IV specifications are to be supplied in 13 cities, including Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad and Ahmedabad from April 1, 2010, Euro-III grade fuel is to be supplied in rest of the country from that date. v"We have no problems in supplying Euro-IV petrol and diesel in 13 notified cities. But we have problems regarding Euro-III," IOC Chairman Sarthak Behuria said here. Since some refineries would not have upgraded to produce cleaner fuel by then, the three companies are seeking extension in the deadline for supply of Euro-III fuel, he said. "Petroleum Secretary (R S Pandey) has called a review meeting this week. We will know the next course of action then," he said. IOC"s Barauni refinery in Bihar and Digboi and Guwahati units in Assam faced about six-month delay in commissioning facilities to produce Euro-III norm compliant diesel. Its Koyali unit in Gujarat was one month behind while Hindustan Petroleum Corp"s Mumbai and Vizag refineries faced up to two years delay in commissioning facilities to produce Euro-III grade fuel. Chennai plant and Numaligarh refinery also faced between six to 10 months delay.


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