Eminent economist and Vice-Chairman of the Kerala State Planning Board Prabhat Patnaik said on Saturday that the euphoria in official circles over financial inclusion has risen because of the “systematic scaling down of institutional credit to the peasantry and other productive sectors in the last two decades”. Delivering the centenary lecture dedicated to the memory of Prabhat Kar, a pioneer of the TRADE UNION movement in the banking industry, Mr....
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India flexible for Doha trade deal
India is taking proactive measures and ready to make concessions to ensure a successful conclusion of the Doha round of multilateral trade talks, an official said here Tuesday. Commerce and Industry Minister Anand Sharma is scheduled to meet World Trade Organisation (WTO) Director-General Pascal Lamy, chairs of the sub-groups on agriculture, industrial products and services and ambassadors of various informal groupings at the WTO headquarters in Geneva Wednesday to push for...
More »Labour disputes rock Detroit of India
The city has come to be known as the Detroit of India for its large concentration of automakers, but a series of labour disputes have rocked it, putting a question mark over industrial peace. Car markers such as Hyundai Motor India, German luxury car maker BMW and Ford Motor India besides Finnish handset manufacturer Nokia India have set up their plants on the city outskirts employing more than 23,000 people. As...
More »India may move WTO as it seeks to resolve EU dispute by CH Unnikrishnan
India may seek the setting up of a special panel within the World Trade Organization to resolve the dispute with the European Union (EU) over the seizure of generic drug exports. The commerce ministry is ready to push for this at the WTO in the next week after months-long consultations with the concerned authorities, said a ministry official familiar with the development. Commerce secretary Rahul Khullar said both sides are still talking...
More »'Sensex is soaring, so is hunger in the country'
Touching upon the gaping difference between the haves and have-nots, AB Bardhan, vice president, AITUC and CPI general secretary, on Tuesday said that a soaring Sensex was seen along with the soaring rate of hunger in the country today. Speaking at the centenary celebrations of Prabhat Kar, organised by the All India Bank Employees Association (AIBEA), and the All India Bank Officers Association (AIBOA) here, he described Prabhat Kar as a...
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