The foreign suppliers of nuclear material to Indian nuclear power plants would not be held liable for accidents caused by defective or faulty equipment supplied by them if the accident takes place after a guarantee period specified by them.   According to the Rules of the Civil Liability for Nuclear Damages Act, which was made public today, suppliers of nuclear material would be allowed to specify a ‘product liability period’ beyond which...

The annual report of the International Institute for Labour Studies projects a grim future for employment prospects. WITH the United States and much of Europe grappling with the slowdown in their economies and the resultant social unrest, the publication of the World of Work Report 2011: Making Markets Work for Jobs could not have come at a more opportune moment. Brought out by the International Institute for Labour Studies, which was...

-The Hindu   “In a world of growing complexities and uncertainties, not every decision by the government is likely to be the most optimal. The possibility of institutional failures, oversight and ignorance impacting the decision-making process cannot be ruled out,” said Finance Minister Pranab Mukherjee. He was addressing a concluding function here on Wednesday to mark the celebration of 150 years of the Comptroller and Auditor-General of India (CAG). Mr. Mukherjee pointed out that...

Bench says it's not averse to idea of setting up independent regulatory body The Supreme Court on Friday indicated that it would not go into the safety aspects of all nuclear plants in the country and all such concerns could be addressed to respective High Courts. A Bench of Chief Justice S.H. Kapadia and Justice Swatanter Kumar, however, said it was not averse to going into the issue of setting up an...

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...