-The Times of India A recent report by a data consultancy owned by the Financial Times of London created a stir by estimating that India is now the most favorite destination for foreign direct investment, beating China and the USA. The fine print indicates that they are talking about "estimated capital expenditures" in greenfield, that is, new ventures. By this estimate, India attracted $31 billion compared to China's $28 billion in...
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After rain, glut hits farmers -Sandip Das
-The Financial Express Sorai Village: Even as official data show food inflation at 5-6%, elevated levels compared with the subdued prices of most other items, farmers are barely realising remunerative prices for their produce, another reason why rural consumption demand is dismally low. Potato farmers in Uttar Pradesh, for example, are selling the vegetable at a fifth of the price a year ago, thanks to a glut caused by excess production...
More »Lost livelihood -Harsh Mander
-The Hindu The Adivasis of Central India, who settled in the tea gardens of Assam decades ago, are still devoid of their basic rights. The even greater tragedy of the coordinated murderous December 23, 2014, attack on unarmed Adivasi forest dwellers in Assam, which left dead more than 70 people including children and women, is that the assault targeted one of the most oppressed and dispossessed communities in that entire region. A meticulously...
More »‘Nearly half of world’s older people do not get pension’
-The Hindu Business Line On the day a ₹ 1,000/month minimum pension scheme was launched in India, an ILO policy paper report said that close to half (48 per cent) of people over pensionable age in the world do not receive a pension. And those who do get a pension, do not receive an adequate amount to cover for their health, and old age-related problems. "As a result, the majority of the...
More »Landmark UN labour treaty extends rights for domestic workers worldwide
-The United Nations A United Nations treaty entering into force today will extend the labour and social rights of some 53 million domestic workers around the world. From today, the Domestic Workers Convention will be legally binding for signatory countries. The treaty was adopted in 2011 by the International Labour Organization (ILO) and is the first of its kind. "Today's entry into force of Convention 189 sends a powerful signal to more than...
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