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...
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FDI row: India Inc's overseas retail biz on high FDI by Pradeep Thakur
While the government may be finding it difficult to get its FDI in multi-brand retail pass the test of Parliament, India Inc has been pledging huge investments in wholesale and retail trade abroad, including in countries like the US and the UK. In the 2010-11 fiscal, investments of Indian companies in wholesale and retail trade overseas went up 78% as compared to the previous year - up from $1,052 million in...
More »Anna Hazare inciting people on FDI: Swami Agnivesh
-The Times of India Activist Swami Agnivesh on Saturday criticized Team Anna for provoking people against the Union Cabinet's decision to allow foreign direct investment (FDI) in retail. At a school function at Jaipur, he said Anna Hazare and his team were making "factually incorrect and irresponsible statements". "Statements with factual mistakes are preventing people from engaging in a healthy debate. People opposing FDI should discuss rather than play around with the...
More »FDI in retail: Shutdown hits life in Himachal Pradesh
-IANS Shops and commercial establishments were closed in Himachal Pradesh's major towns Thursday as workers of the ruling Bharatiya Janata Party (BJP) and Communist Party of India-Marxist (CPI-M) as well as traders protested the decision to allow foreign direct investment (FDI) in retail. However, there was no report of traffic being held up due to the strike. There was also no report of violence anywhere, an official at the police headquarters here...
More »Jaya joins cry against govt on retail FDI
-The Telegraph Tamil Nadu chief minister Jayalalithaa today joined the chorus against the entry of foreign capital in multi-brand retail, saying the Centre’s decision that smacked of “overweening arrogance” would affect the livelihood of millions of small-time traders. In Delhi, the under-fire UPA brought out a full-page ad in newspapers that said the move would “generate 10 million new jobs” contrary to the “mistaken belief” that it would result in widespread unemployment. The...
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