The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...

HIV/AIDS screenings on job applicants and existing employees may be banned under a proposed policy that says the infection should in no way affect employment. The National Policy on HIV/AIDS and Work Place, crafted by the Union labour ministry with the International Labour Organisation’s assistance, will form part of the HIV bill being drawn up by the health ministry. The bill seeks to make employers liable for discrimination against staff with...

The food price inflation in India, measured by the wholesale price index of food items, touched a 10-year high for the week ended November 28, 2009 when it crossed 19% on point-to-point basis over the corresponding week a year ago. The cereal prices were up by about 13%, but pulses are up by 42%, and vegetables by 31%, although potato prices shot up by 102%. This is getting way beyond...

Missing job cards, fudged muster rolls and diversion of NREGS funds through fake bills. What the Rajasthan social audit has revealed is the tip of the iceberg.  Bhilwara-2009 invited a swift and strong backlash — the government backed off realising it had stepped into a quagmire of corruption The battle being fought in the panchayats, streets, offices, and courts of Rajasthan is not just about social audit To understand why civil society...

The United Nations predicted today that the world economy would bounce back next year with a global growth rate of 2.4 percent, but warned of a risk of a double-dip recession if the wrong policies are implemented. “We’re not out of the woods yet,” said Rob Vos, Director of Development Policy and Analysis from the Department of Economic and Social Affairs (DESA), ahead of the launch next month of the...