Clinical trials in the country must be for the help of people here and must not be allowed for the benefits of multinational companies, the Supreme Court Monday said while holding that norms formulated by the Centre are "deficient" to protect the rights of the subjects.
The Communist Party of India-Marxist (CPI-M) criticised "unjustified concessions" given to multinationals (MNCs) to set up new units in the same field of business without their Indian partners` approval.
Ruling DMK`s ally Congress on Wednesday alleged a ``conspiracy`` behind recent labour disputes in Tamil Nadu and expressed fears that the fast industrializing state could lose business to other states if no action was taken.
It may be a popular belief that MNCs give the fattest pay packets, but it is actually family- controlled corporate houses that lead the tally by a wide margin when it comes to paying salaries running into crores.
The increasing population of higher-income group in the country will open a potential USD 8-billion market for multinational companies selling costly drugs, including patented products, by 2015, a FICCI-Ernst & Young study said.