The annual report of the International Institute for Labour Studies projects a grim future for employment prospects. WITH the United States and much of Europe grappling with the slowdown in their economies and the resultant social unrest, the publication of the World of Work Report 2011: Making Markets Work for Jobs could not have come at a more opportune moment. Brought out by the International Institute for Labour Studies, which was...

-The Hindu   Justice Markandey Katju, Chairman, Press Council of India, has issued the following clarification on his critical observations of the Indian media.   I have expressed my views relating to the media in several T.V. interviews I gave as well as in my articles in some newspapers. However, many people, including many media people, wanted clarification and amplification of some of the issues I had raised. Many media people (including several T.V. channels)...

-The Economic Times   The UPA government - especially the Planning Commission - has been taken to task for fixing a poverty line at a level (Rs 32 per capita/day in urban areas) that does not even guarantee a bare subsistence. In the medley of scathing critiques and rebuttals, three strands of arguments seem dominant. One is that the poverty line is utterly unrealistic as a measure of subsistence requirements of food, health...

Prime Minister Manmohan Singh today said rising prices of fuel were a reality Indians needed to deal with as any more subsidies in the oil sector could destabilise the economy. The comment came days after Mamata Banerjee, his biggest ally at the Centre, warned that her Trinamul Congress would quit the ruling UPA if prices of kerosene, diesel and cooking gas were raised. Asked what he thought of the Bengal chief minister’s...

At BANCON (annual bankers' conference) 2011 in Chennai, financial institutions explored avenues for greater participation in agriculture and rural development. There are a few areas in need of additional attention and investment. Green Revolution technologies are scale-neutral but not resource-neutral. Inputs are needed for output; therefore market-purchased inputs become important in providing soil and plant healthcare for higher yields. Social scientists point out that small and marginal farmers will be excluded...