-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...
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Troubled UN climate talks enter final day
-AFP DOHA: UN talks seeking to halt the march of global warming entered their final day in Doha on Friday with key points outstanding: extending the greenhouse gas-curbing Kyoto Protocol and funding for poor countries. Delegates are preparing for a long day and night of final haggling to find consensus on interim ways to rein in climate change and smooth the way to a new deal that must enter into force in...
More »Gloves off as House debates retail FDI
-The Hindustan Times The much-anticipated two-day debate on the government’s decision to allow FDI in multi-brand retail got off to a spirited start in the Lok Sabha on Tuesday, with both the Opposition and the Congress fiercely defending their stands. But, the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) had the government on tenterhooks a day ahead of the vote on a resolution opposing the FDI move. Even as...
More »UN Climate Change Negotiations 2012: UN secretary general Ban Ki-moon urges industrialised countries to do more-Urmi A Goswami
-The Economic Times DOHA: At a time when the reticence of industrialised countries to providing climate finance and reducing emissions is hampering an outcome at Doha , UN secretary general Ban Ki-moon unambiguously called on the industrialised countries to do more. At the same time, the UN top boss made it clear that all countries need to make an effort according to their level ofeconomic development to tackle climate change. Negotiators from...
More »How Wal-Mart got a foot in the door of India's retail market
-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...
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