Apparel exporters risk losing clients like GAP, Reebok and Nike if India fails to convince the US on Friday that its industry does not employ children. India has been asked to defend itself in the US on May 20 against charges of child labour. Child labour is a sensitive issue for American multinationals who source 30% of their global requirements from India. The brands can stop India sourcing if the country...
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Highest operational SEZs in southern India
South India is way ahead of other regions in encashing on the tax-free special economic zones scheme as 79 of 130 functional SEZs are located in four southern states. Among southern states, Andhra Pradesh is on the top of the table with a maximum number of 32 operational special economic zones (SEZs) followed by Tamil Nadu (22), Karnataka (20) and Kerala (7), according to the latest government data. The sector-wise data shows...
More »High cotton prices affect industry; farmers rich
High cotton prices spun out enough problems for India’s $62 billion textiles industry, but weaved gains for growers and traders in 2010. Amid pulls and pressures from the conflicting interests, a ministers’ group under the guidance of finance minister Pranab Mukherjee kept reviewing the price and crop situation, with excessive winter rains playing spoilsport. The textiles industry pulled out all stops to lobby with the textiles, commerce and finance ministries seeking a...
More »Hunger index: India ranks below China, Pak
India has been ranked 67, way below neighbouring countries like China and Pakistan, in a new global hunger index by the International Food Policy Research Institute. The index, released on Monday, rated 84 countries on the basis of three leading indicators -- prevalence of child malnutrition, rate of child mortality, and the proportion of people who are calorie deficient. China is rated much ahead of India at the ninth place. The 2010 Global...
More »Worse, but also better
When the Reddy brothers, accused of illegal mining, demonstrate their grip over a state government, most people will rightly bemoan the role that corruption plays in public life. However, vital as it is to tackle the issue, it is also important to view it in perspective. Most people would not have realised, for instance, that India has been improving on at least one corruption score. Transparency International, the Berlin-based body,...
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