The Indian economy loses nearly $54 billion (around Rs 24,000 crore) annually due to lack of toilets and poor hygiene, a World Bank study said on Monday. In a study 'Economic Impact of Inadequate Sanitation in India', conducted by its South Asia Water and Sanitation unit, the multilateral body said premature deaths, treatment for the sick and loss of productivity and revenue from tourism were the main factors behind the significant...
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Money for nothing. And misery for free by Rohini Mohan
IT WAS a windfall five years ago that taught Panchali Satyavva the power of a lie. It happened one Monday afternoon in Someshwar village of Nizamabad district in Andhra Pradesh. It was raining in sheets and she had just placed a bucket under the steady trickle of water from the roof of her hut. Two men were at her door, holding umbrellas and offering her an unsolicited Rs. 5,000. They...
More »For better wage policies
A direct outcome of the global economic crisis has been a decline in the rate of growth of wages across the world, barring Asia and Latin America. A study by the International Labour Organisation, Global Wage Report 2010-11: Wage policies in times of crisis, highlights this reality and points to the need for countries to put in place proper social and labour market policies to protect an increasingly vulnerable workforce....
More »India-EU Deal Threatens Mom-and-Pop Retail by Ranjit Devraj
Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
More »Shortage of labour affecting Surat diamond industry profits by Dharmesh
A shortage of labour is affecting cutting and polishing jobs in Surat's diamond industry. Skyrocketing prices of raw diamonds is a key factor leading to thousands of workers moving away from the diamond industry to other businesses . "The labour that came into the cutting and polishing jobs of the Surat diamond industry 20-25 years ago, that generation is moving towards retirement. And the new generation that should come in this industry doesn't...
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