Water, the most vital of all resources, has emerged as a key issue that would determine if Asia is headed toward cooperation or competition. After all, the driest continent in the world is not Africa but Asia, where availability of freshwater is not even half the global annual average of 6,380 cubic metres per inhabitant. When the estimated reserves of rivers, lakes, and aquifers are added up, Asia has less than...

-The Hindu   The Centre of Indian Trade Union (CITU) has strongly opposed the new National manufacturing Policy approved by the Union Cabinet recently and termed it as an attempt by the government to give back door entry to the so-called labour reform of ‘hire and fire' being pressed by the business houses. “The national manufacturing policy will create new islands of lawlessness with bountiful concessions to business houses and absolute jungle raj...

-ENS Economic Bureau   The government today approved a national policy for manufacturing that aims to increase the sector’s share in the economy to 22 per cent from 16 per cent and create 100 million jobs over 10 years. The policy will ensure this by facilitating national manufacturing investment zones, which will offer faster clearances. “It hopes to... give comfort to investors through a single-window clearance mechanism,” Commerce and Industry Minister Anand Sharma...

Union Labour Minister inaugurates UPASI conference Action on representations relating to the Minimum Wages Act can only be taken by State governments, said Union Minister for Labour and Employment Mallikarjun Kharge in Coonoor on Sunday. He was inaugurating the 118th annual conference of the United Planters Association of Southern India (UPASI). Referring to the grievances of the planting community over the wage component adding considerably to the cost of production, he pointed...

Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...