Angus Deaton wins 2015 Nobel Prize in Economics

Angus Deaton wins 2015 Nobel Prize in Economics

The 2015 Nobel Prize in Economics has been awarded to Scottish micro-economist Angus Deaton, the Royal Swedish Academy of Sciences announced here on Monday. According to an academy statement, Deaton, 69, was awarded “for his analysis of consumption, poverty, and welfare”, Xinhua news agency reported. “More than anyone else, Angus Deaton has enhanced the understanding […]

Foreign firms with no India set-up exempt from minimum tax

Foreign firms with no India set-up exempt from minimum tax

Ahead of Prime Minister Narendra Modi’s meeting with US investors, India on Thursday gave a major tax concession to foreign companies that don’t have a permanent set-up in India but operate out of countries with which New Delhi has double tax avoidance treaties. Technically, the ministry of finance has decided to amend the Income Tax […]

Spicy insight: Curcumin database to preclude false patent claims

Spicy insight: Curcumin database to preclude false patent claims

Indian scientists have created the world’s first comprehensive open database on curcumin — the star therapeutic component of the golden Indian spice turmeric and a hot favourite with researchers across the globe — to foster innovation and generate public awareness. The Curcumin Resource Database (CRDB) or portal is a collaborative effort of the Indian Institute […]

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