Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns. By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and Exporters keen to establish reliable supply chains. As many as 200 companies...
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Getting the FDI in Retail Debate Back on Track by Mohan Guruswamy
The FDI in retail debate has apparently fully traversed the realm of reason and for it seems to have degenerated into name-calling. I had intimation of this when a diplomat who meets me from time to time asked me if I was being put up, for a price, by Indian corporate interests to stymie the entry of the big western firms like Wal-Mart and Carrefour? I can well imagine the...
More »Poor social security, a major concern for workers in Asia-Pacific region by Meena Menon
While Asian economies boomed before the global recession in 2008, the fruits of that progress did not translate into better wages or secure employment conditions for workers in the region. The International Labour Organisation (ILO)'s Asian Decent Work Decade launched in 2006 was aimed at five priority areas of competitiveness, productivity and jobs; labour market governance; youth employment, managing labour migration and local development for poverty reduction. Today workers' unions are...
More »Some States fight the trend but.…by P Sainath
Five States did manage a significant decline in the average number of farm suicides between 2003 and 2010. However, more States have reported increases over the same period. The television story was genuine and sensitive. At least 90 farmers, it said, had committed suicide in two months in Andhra Pradesh. These were cotton growers. Actually, last year, Andhra farmers killed themselves at the rate of 210 each month on average, according...
More »Lady IAS topper scores graft first by GS Radhakrishna
Yerra Srilakshmi was an IAS topper but has added another feather to her cap, although a dubious one. She is the first woman IAS officer to be arrested for alleged corruption. The 1988-batch officer, held yesterday in connection with the mining case involving the Obulapuram Mining Company (OMC), owned by arrested former Karnataka minister and mining baron Gali Janardhan Reddy, was today remanded in CBI custody for three days by a local...
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