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...

Lack of knowledge, fear of political criticism are some of the reasons that are stopping FCI, according to experts What is stopping Food Corp. of India Ltd (FCI) from selling its ample wheat stocks in the open market and buying futures contracts to meet its distribution commitments in the months ahead? Or, for that matter, what is keeping the food procurement agency from selling grain futures internationally, knowing that a bumper crop...

In August 2010, the U.N. Secretary General set up a “High-Level Panel on Global Sustainability,” to formulate a “new vision for sustainable growth and prosperity” for the world. Co-chaired by the Presidents of Finland and South Africa, the panel submitted its detailed report in January 2012. The report is under consideration in the Secretary General's office, and will be a key input to the upcoming U.N. Conference on Sustainable Development...

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...

-The Business Standard Are subsidised exports the only solution? Surely the intellect of a high-level inter-ministerial committee is not required to conclude that the subsidised export of wheat and the disposal of grain at discounted rates at home can help ease the current grain congestion. However, this seems indeed to be the conclusion reached by the high-level panel set up by the prime minister under the chairmanship of his Chief Economic...