Transforming India into a digital society that is less cash dependent

As the debate on the pains and gains of India’s move to demonetize high-value currency notes continues to rage, I firmly believe that the digital payments economy is an idea whose time has come. History shows us how money as a ‘medium of exchange’ has evolved over several millennia from cowry shells to gold and … Continue reading Transforming India into a digital society that is less cash dependent

Stamp Out Sexual Violence Against Women

Today, women can be seen in greater numbers in what were previously perceived as “male-dominated” professions. Attitudes towards women at the workplace have changed a lot from the time I started Biocon in 1978 as a young, 25-year-old woman entrepreneur, with no business background and limited financial resources. Professionals did not want to work for me … Continue reading Stamp Out Sexual Violence Against Women

Innovation, not price control is the answer to affordable Bt cotton technology

The biggest threat to cotton farmers is the bollworm, because of its ability to cause extraordinary damage to crops and livelihoods. In the 1990s, pesticides were the only weapon farmers had against the bollworm. Half of all the pesticide consumption in India was accounted for by just one crop – cotton. Yet, the ability of … Continue reading Innovation, not price control is the answer to affordable Bt cotton technology

A ‘People’s Budget’ to Spur Inclusive Economic Growth

Budget 2016 can be described as a ‘people’s budget’ that is aimed at spurring inclusive economic growth through measures that will drive rural development, relieve agricultural stress and boost farmers’ welfare. The Budget however has missed out on outlining innovative policies to spur India’s manufacturing sector to drive growth at a time when the economic … Continue reading A ‘People’s Budget’ to Spur Inclusive Economic Growth

Can healthcare costs in India come down further?

When you can’t tax the rich, tax the less well-off. This is exactly what the Karnataka government did by notifying all hospitals to collect 8% luxury tax from every patient in an intensive care unit (ICU). Lying on an ICU bed fighting for one’s life is not a luxury by any stretch. But the room … Continue reading Can healthcare costs in India come down further?

The Top 5 Life Sciences Developments You Should Look Out for in 2016

These are exciting times for the Life Sciences sector as it builds on its understanding of the disease at the cellular and genetic level to usher in new and differentiated therapies into the market. Furthermore, biomedical advances are likely to transform global health with early diagnosis and therapeutic intervention for chronic and killer diseases like … Continue reading The Top 5 Life Sciences Developments You Should Look Out for in 2016