India has the most inefficient bureaucracy in Asia and red-tape is much worse than in China, says a survey. In the ranking of 12 countries, India has been named as having the most inefficient bureaucracy followed by Indonesia and the Philippines, according to the survey of expatriate business executives conducted by the Hong Kong-based Political and Economic Risk Consultancy (PERC). Quoting the consultancy, news agency AFP has reported that bureaucratic red-tape is...

India has opposed suggestions that countries that have cap-and-trade schemes to control carbon emissions—mostly developed countries—impose a carbon tax on imports from nations that don’t have such measures in place, made at the ongoing global climate talks in Bonn. “The matter of any unilateral trade measure on imports in the name of climate action raises some concerns regarding the success of our discussions,” Vijay Sharma, secretary, ministry of environment and forests,...

Many governments in the developing world lack the will to eradicate child labour, says the third ILO global report on the deplorable practice. The effects of the present global economic and financial crisis, rather than its causes, have been the central preoccupation of organisations such as the International Labour Organisation in recent times. The ILO, in particular, has focussed on the impact of the crisis on populations within the least...

The cotton growing area is expected to increase by at least 10 per cent during this season because farmers are getting Rs 3,200 per quintal while the Cotton Corporation of India has fixed the minimum support price at Rs 3,000 per quintal. During last year, cotton-sowing area in Andhra Pradesh was increased to 34 lakh acre from 32 lakh acre. This year, it is expected to increase to 38 lakh acre....

ON May 31, when the government announces GDP numbers for 2009-10, for the first time, factories would contribute more to the national income than the country’s farmers, marking a significant shift in the structure of the India economy. That does not, however, diminish the importance of the farm, fisheries and the forest sector because of the disproportionately high percentage of people still engaged in these activities. Neither does it take...