EU trade commissioner said it will soon resolve the issue of confiscation of Indian drugs being exported to developing countries. EU Trade commissioner Catherine Ashton said a team of customs officials from the European Commission will be in New Delhi shortly to discuss the issue. “We talked about this issue. Our commitment on pharma, on generics is to find a solution that works for India,” she said after a meeting...

Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in many of the world's largest economies. Unemployment data typically lags other indicators of economic health as companies hold off adding staff in the early stages of a rebound. The upturns recorded recently in...

When the Indian government met the largest economic crisis the world has faced in nearly 80 years with tax cuts, aid for rural workers and interest rate cuts, critics said it was not enough. Now, though, it looks as if the policy makers may have offered too much. India’s $1 trillion economy, largely insulated from the global crisis by low reliance on Exports and a heavily regulated banking system, has exceeded expectations...

The trade union leaders say workers will not stop work, but will attend the demonstrations before or after their shifts Millions of workers will be on the streets across India on Wednesday, picketing and holding rallies to protest rising prices and job losses, officials said, though there may be little impact on production. Four major trade unions, including those affiliated with the ruling Congress party and those with the opposition...

The United Nations’ Human Development Report of 2009 paints an idyllic picture of migrations. THE recently released United Nations Development Report-2009, titled “Overcoming Barriers: Human Mobility and Development”, presents a strong case for governments all over the world to encourage human mobility. Migrations, including those of low-skilled workforce, pay dividends all round, the report says. However, it does not quite attempt to seriously understand why people migrate, sometimes subjecting themselves...