Highlighting the strength of the agriculture sector in India, Union Food Minister K.V. Thomas has said that the national food production was high despite drought and floods which have affected about 100 districts of the nation. Briefing reporters on the sidelines of a meeting, Thomas maintained food production was going according to the expectations of the Central Government. "100 districts in the country are under severe drought. There is flood in Orissa,...

THE WORLD BANK IN INDIA - Undermining Sovereignty, Distorting Development: Edited by Michele Kelley, Deepika D'Souza; Orient Blackswan, 3-6-752, Himayatnagar, Hyderabad-500029. Rs. 895. This book is a collection of essays covering an array of economic issues ranging from agriculture, poverty, food security, power, water, to governance, environment impact and sustainability of growth, and the impact of the World Bank on them. Even a cursory reading would show that it is a...

Despite a sharp rebound in economic growth for many countries, global unemployment in 2011 is likely to continue at the record highs of the past three years, highlighting the need for long-term policies that prioritize quality job creation, according to the United Nations labour agency. Moreover, a narrow focus in developed economies on reducing fiscal deficits without addressing the challenge of job creation will further weaken employment prospects in 2011, the...

Advocates of liberalisation argue that by reducing state intervention and increasing transparency economic reform reduces corruption. Recent allegations of corruption suggest that this may not be true. In a season for scandal, allegations of large scale corruption have captured political India's attention. The instances to which such allegations relate are many, varying from the sale of 2G spectrum and the mobilisation and/or disposal of land and mining resources to purchases made...

The two day 43rd Session of the Indian Labour Conference (ILC), the apex national tripartite body that discusses key issues affecting labour and employment and provides policy perspectives and recommendations, concluded in New Delhi today. The Conference was inaugurated by Prime Minister Dr. Manmohan Singh on Tuesday 23rd November 2010. Senior level representatives of the three pillars of the tripartism, Trade Unions, Employers’ Associations and Government, participated in the deliberations...