-IANS   After fabricating Jugnu, the country's tiniest satellite launched last month, Indian Institute of Technology-Kanpur graduates have now come up with a matchbox-sized device to monitor wear and tear of railway tracks and prevent derailment.  The new device is aimed at replacing a bulky, box-like contraption that is currently used by Indian Railways.  "Our device is a supplementary system for monitoring track health, making it simpler to integrate with the existing railway infrastructure,"...

-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...

India's cabinet has approved a major new policy to develop national manufacturing. The policy aims to create a 100 million jobs in the next 10 years and allows for a series of special new zones to support manufacturing growth. At the moment, that sector only accounts for about 16% of the country's gross domestic product. That has barely changed in the last three decades and is seen as well below India's potential. It is...

Proposed law against interests of displaced, say activists Civil society groups have taken exception to the exemption of special economic zones (SEZs) Act from the proposed National Land Acquisition, Rehabilitation and Resettlement (NLARR) Bill 2011, saying it would deny “whatever little benefits” assured in the Bill to those displaced by these SEZs. These groups wonder if the move to make the SEZs and 15 other laws inapplicable was deliberate, aimed at favouring...

The government is mulling a raft of incentives for special economic zone developers to encourage them to move away from urban centres and focus on economically backward regions. A senior official in the commerce ministry said SEZ developers might get wider tax concessions if they build economic hubs in underdeveloped areas. The government may also lower the minimum area ceiling to ease land acquisition by them, the official said. These incentives...