Despite a sharp rebound in economic growth for many countries, global unemployment in 2011 is likely to continue at the record highs of the past three years, highlighting the need for long-term policies that prioritize quality job creation, according to the United Nations labour agency. Moreover, a narrow focus in developed economies on reducing fiscal deficits without addressing the challenge of job creation will further weaken employment prospects in 2011, the...

A case where request for info on some Budget 2007 notings was rejected by the CBDT, but made available by the Central Information Commission, the Second Appellate Authority under the RTI Act. The Right to Information Act of 2005 is a very important piece of legislation to bring about complete transparency in the functioning of the bureaucracy and thus increase accountability as well as reduce corruption. Since it is a relatively new...

Dramatic cuts in industrial emissions of the global warming greenhouse gases that threaten to drastically change Earth’s climate are achievable in both developed and developing countries at acceptable cost with the right policies, the United Nations reported today. In a series of studies, the UN Industrial Development Organization (UNIDO), an agency mandated to promote sustainable industrial development in developing countries, highlighted the need to combine energy efficiency, renewable energy and the...

Despite its slackening industry, the common perception of West Bengal as a backward state has little substance when one looks at the facts. Most of us are conditioned to view economic development in terms of industrialisation. While industrialisation is essential for economic transformation, it is not as if economic growth is not possible without it. The sectoral structure of India's gross domestic product (GDP) and its slow transformation makes a good...

Controversies surrounding the two real estate projects, the Adarsh Society building in Mumbai and the Lavasa city near Pune, bring to the fore the huge costs of poor enforcement of town planning rules and inept administration of urban development. In the case of Adarsh housing, a 31-storeyed apartment building raised in the Backbay reclamation area and meant for Kargil heroes, the Maharashtra government not only turned a blind eye to...