SEZ have been hurt by the global downturn and contraction in demand for domestic goods and services The commerce ministry has proposed measures to make it easier for developers to exit special economic zones (SEZs) that have been struggling with a contraction in global demand for goods produced at the tax-free enclaves. Specific provisions for the denotification of SEZs have been been put up for public comments till Thursday, after which they...

Prime Minister Manmohan Singh today said the economic reforms initiated by him almost two decades ago had reduced the number of poor, though much more was still needed to be done. “There is no evidence that the new economic policies have had an adverse effect on the poor,” Singh said at the annual conference of the Indian Economic Association here today. “The percentage of population below the poverty line has certainly not...

Some of the poor states in the country that were the focus of the big-ticket National Rural Health Mission (NRHM) have actually ended up being discriminated against in the Central allocation as compared to funds released to some of the rich and efficient states that were already high on the basic health parameters. This has been found in a review of NRHM, the UPA government's most ambitious welfare scheme after...

Brazil and India are now among the top five government supporters of research into third-world diseases, according to a study issued last week, which found that middle-income nations are taking on more of the burden of ills afflicting their poorest citizens. The study, by the George Institute for International Health, based in Australia, found that nearly $3 billion was spent last year on new drugs or products for such diseases. Brazil...

Cutting emissions drastically is neither easy nor cheap, so the developed world is looking for scapegoats. As you read this, a deal is possibly being signed at Copenhagen to save the world from climate change. But be very clear. The agreement which the world has waited for is not going to be either an effective deal or a fair deal to reduce emissions in the world. The reason is clear: The...