India is readying to defend its policy requiring companies to source local content for the national solar mission project, a rule that has triggered protests from the US and the EU. The commerce department is talking to the ministry of new and renewable energy on how to argue its case should the dispute reach the World Trade Organisation. The ministry is responsible for executing the Jawahar Lal Nehru National Solar Mission,...
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Major Central trade unions against West Bengal proposal by Shiv Sahay Singh
Opposing the West Bengal government's proposal to do away with the right to strike of its employees, major Central trade unions have decided to support the government employees' unions in their agitation for protection of their rights. Describing the comments of State Labour Minister Purnendu Basu as unfortunate, Gurudas Dasgupta, general secretary of All India Trade Union Congress (AITUC) and MP of the Communist party of India (CPI), said the right...
More »$128 billion siphoned out in a decade by Subodh Varma
-The Times of India Even as the country continues to witness a campaign for a strong anti-corruption watchdog, a report has calculated that between $104 billion and $128 billion (roughly Rs 5 to 6 lakh crore) was illegally siphoned out of India in the decade spanning 2000 to 2009. This works out to an average outflow of about $10-13 billion (Rs 48,000 to Rs 63,000 crore) every year. The report has been prepared...
More »Experience so far by CP Chandrasekhar
Global experience in retail trading by MNCs does not tally with the presumptions on which the UPA government's FDI policy is based. IN the course of the debate on the need to permit foreign direct investment in retail in India, two arguments have been advanced often. The first argument is that large organised retail is good for not just consumers, who would benefit from lower prices owing to cost efficiencies...
More »New policy assures Rs 7,000-cr business for Dalit, ST entrepreneurs by TE Narasimhan
Some Dalit businessmen plan to launch a Rs 500 crore venture capital fund — India’s first community-focused fund. The Central government’s new procurement policy will open business opportunities worth Rs 7,000 crore for Dalit and s (ST) entrepreneurs. These entrepreneurs are now gearing up to tap this opportunity by launching their own venture capital fund and increasing their production capacities. The proposed Rs 500 crore venture capital fund will be the country’s...
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