Soon after the monsoon was over, rains made unseasonal comeback in Nashik and nearby areas again on Diwali day. As days passed, the initial surprise turned into shock as it rained night after night, and by Sunday it had rained 525mm in November. Heavy showers and thunderstorms all over the district damaged the crops so much that nothing of the rabi (winter) crop remains. Vineyards have thrown away young berries at...

The two day 43rd Session of the Indian Labour Conference (ILC), the apex national tripartite body that discusses key issues affecting labour and employment and provides policy perspectives and recommendations, concluded in New Delhi today. The Conference was inaugurated by Prime Minister Dr. Manmohan Singh on Tuesday 23rd November 2010. Senior level representatives of the three pillars of the tripartism, Trade Unions, Employers’ Associations and Government, participated in the deliberations...

Acknowledging that some labour laws have not yielded the desired results, Prime Minister Manmohan Singh today said there is a need to revisit some of them which have hurt the Growth of employment. "We have enacted several progressive labour laws since independence and some even before that. But it appears that not all these laws have had the intended good effects that we would like to see on the ground," he...

The SKS IPO and the Andhra Pradesh ordinance have suddenly changed everything. Will it be the death knell or will it usher in a reformed and healthy industry? There are three basic facts about micro-finance in India. First, most of what is described as micro-finance industry is actually micro-loans. There is hardly any provision of micro-savings, micro-investments, micro-insurance or micro-pensions. This is mostly because of regulatory reasons, i.e. accepting money...

Politicians, business persons, civil servants, a range of professionals, including doctors and organisers of sports events, and even the judiciary have been in the media spotlight on charges of corruption, nepotism, sleaze and worse. It was to be only a matter of time before the media and media professionals came under public scrutiny for similar acts of omission and commission. The expose on paid news content in the media was...