As bank gears up for competition, it may further dilute environmental safeguard policies WITH financial institutions of emerging economies like India and China getting big time into development lending, the World Bank plans reforms to attract its borrowing countries. Some of the important plans are to disburse loans faster and on flexible terms. Bank watchers and civil society groups say the reforms, expected to be in force by the year-end, would...

-The Hindu   Study finds higher levels of lead in Nepal, Bangladesh Indian paint majors are showing their true colours in neighbouring markets, by including dangerously high levels of lead in their products, according to a study conducted by some non-governmental organisations in India, Nepal and Bangladesh. For example, Asian Paints' Golden Yellow shade of paint contains only 90 ppm (parts per million) of lead in India, meeting international standards. In Nepal, it...

A recent ILO report focusses on the discrimination in employment opportunities and remuneration and wants governments to act. IN recent years, one of the predominant concerns of international organisations, especially those that have a “rights” perspective, has been the impact of the global downturn on various vulnerable sections across the world. Notwithstanding the fact that many countries have signed and ratified conventions of the International Labour Organisation (ILO) and are...

The Orissa government suspends the land acquisition for the Posco project in the face of stiff opposition from the people. SIX years ago, when the South Korean steel giant Posco arrived in Orissa with the biggest ever foreign direct investment that had come the country's way, it was expected to help rid the economically backward State of its ‘poor' tag and bring prosperity. Posco had won the $12 billion deal at...

-Express News Service   Having resisted the Export of foodgrain since taking charge in January, Food Minister K V Thomas on Wednesday said that he was not opposed to Export of “some quantity of wheat and rice” as there is bumper production in the country. Thomas’s statement holds significance as he has been publicly speaking against foodgrain Export, citing the proposed food security law. “Our department is not negative to the idea of...