The World of Work 2012 report presents a bleak picture of the global job situation. FOUR years after the global crisis erupted in 2008, organisations such as the International Labour Organisation (ILO) believe that labour markets still have not fully recovered. The world economy is not expected to grow at a sufficient pace over the next couple of years to overcome the crisis. These organisations present some depressing facts: those...
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Forest wealth depleting fast in Western Ghats-Anil Urs
An expert panel has blamed the increase in commercial plantations for destroying forests, erosion of soil and water bodies in the Western Ghats. According to a Western Ghats Ecology Expert Panel report, which was submitted to the Ministry of Environment and Forests (MoEF) by its Chairman, Prof Madhav Gadgil, water guzzling crops and monoculture plantations such as tea, coffee, and cardamom are responsible for depleting forest wealth. “These crops have aggravated the...
More »PM should head food security bill: MS Swaminathan- Jyotika Sood
Giving right to food is not enough to deliver food, say speakers at a conference on food security Agriculture scientist M S Swaminathan has called for setting up a body headed by the prime minister for effective execution of the National Food Security Bill (NFSB) once it is enacted. All chief ministers should be members of this board, he added. NFSB was cleared by the Union Cabinet and introduced in Parliament in...
More »Retail inflation hits double digits in April
-The Times of India Spiralling prices of vegetables, oils and fats, milk and milk products pushed consumer price inflation to double digits in April in yet another hurdle to the Reserve Bank of India's efforts to ease interest rates. The double digit retail inflation rate also poses fresh challenges for the UPA government which has been on the back foot for its handling of the economy. Data released by the Central Statistics Office...
More »Cooking gas and kerosene subsidies call for urgent reform
-The Economic Times Open-ended consumption subsidies on petroleum products have wrought havoc on government finances. Reportedly, the trio of public sector oil marketing companies have of late blocked some 3.8 million parallel household connections of liquefied petroleum gas (LPG), in a bid to rationalise the subsidy outgo. The move to weed out multiple LPG connections does make sense. But we need to keep the big picture in mind and overhaul the pricing and...
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