-The Economic Times KOLKATA: With over 43,000 jobs generated in the Small and Medium Enterprises (SMEs) sector between April 2011 and up to February 15, 2012, West Bengal has emerged as a front-runner state to facilitate growth in the SMEs sector, apex industry body Assocham said on Tuesday. Utilizing the margin subsidy money worth Rs 52.49 crore, the state of West Bengal assisted about 5,290 SME units across the state, according to...
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Govt push for Rs. 1,000 monthly pension plan-Vivek Sinha
-The Hindustan Times The labour ministry has proposed a minimum pension of Rs. 1,000 a month for all those who subscribe to the Employees’ Pension Scheme (EPS). If implemented, the move will benefit nearly 3 million workers engaged in Small and Medium Enterprises with higher retirement benefits. Under the EPS 95 scheme, which has been in operation since 1995, a part of the employees’ provident fund contributions are set aside into...
More »Govt writes to state CMs for FDI in multi-brand retail
-The Times of India The government is moving swiftly to build a consensus over the move to allow foreign investment in the multi-brand retail sector with the commerce, industry and textiles minister Anand Sharma writing to three key state chief ministers of Uttar Pradesh, Punjab and Odisha to seek their support. Sharma has been trying to build a consensus and has met several chief ministers to draw their support to the move....
More »The enigma of Indian engineering-James Trevelyan
A narrow education is making engineers oblivious to the importance of human interaction and raising the cost of even simple tasks My time in South Asia has rewarded me with an enigma: why is engineering so expensive here? Why is it often many times more expensive than in Australia, my home? My search for answers led me to shanty towns on the fringes of mega-cities. We compared an award winning Indian factory...
More »New FAO report profiles how sustainable forestry can help meet development goals
-FAO The world's forests have a major role to play in the transition to a new, greener economy, a theme being discussed at the Rio+20 Conference. But to spark that shift, governments must enact programs and policies aimed at both unlocking the potential of forests and ensuring that they are sustainably managed, FAO said today. In a new report, The State of the World's Forests 2012 (SOFO 2012), the UN Food and...
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