-The Times of India An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...
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New Action Programme, and New Name for the Poorest by Jacques N. Couvas
A new 10-year blueprint for assisting the poorest countries on the planet to join the league of the more fortunate ones was approved Friday at the closing of the Fourth U.N. Conference on the Least Developed Countries (LDC-IV) held May 9- 13 here. The Istanbul Programme for Action, a 50-page plan negotiated for a week by heads of state and diplomats from both least developed and economically developed states, contemplates the...
More »BT to solve food security problems: Scientist
Biotechnology can provide effective solutions to the rising food security problems of the country on the back of rising population and inflation concerns. “With rising population, depleting land and water resources, and a rapid increase in food prices in India, the application of innovation and crop biotechnologies will be critical in enhancing agricultural yields along with achievement of food security for the nation,” G Padmanaban, NASI-Platinum Jubilee Chair of Indian Institute...
More »Labour reform slips out of list as India Inc has greater worries by Devika Banerji
Archaic labour laws are not affecting India's manufacturing sector as much as problems related to land, water, licences and clearances, a government panel's study shows. With the findings of the Planning Commission study, changing rigid labour laws, so far suspected to be the main hurdle before the manufacturing sector, is likely to drop on the government's list of priorities. The sector contributes 15% to India's GDP. "Against popular perception, we...
More »Tobacco will kill a billion this Century: WHO
Tobacco is a silent killer and the single largest cause of preventable disease including cancer, heart attacks, chronic obstructive lung disease and asthma. According to World Health Organisation, tobacco killed 100 million people in the 20th Century and will kill a billion people (ten times more) in the 21st. Deaths due to tobacco in India are expected to rise from 1.4 per cent in 1990 to 13.3 per cent in 2020....
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