India's environment ministry has given conditional approval to South Korean company Posco's plan to build a steel plant in the eastern state of Orissa. The ministry has also cleared the plant's captive port and power plant if certain conditions are met. The $12bn plant is India's largest foreign investment project. Last year, a government panel said that environmental clearances for the plant be scrapped. Critics say the project will exhaust iron deposits in...
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Jobless despite growth
The world economy may have turned around from one of the worst economic recessions that left it scarred in 2009 but things still look far from being radiant as global unemployment remains at a record high for the third consecutive year. If Global Employment Trends 2011, published by International Labour Organisation, is anything to go by, then low job creation remains a major stumbling block in the global economic recovery....
More »Unemployment level dips marginally in South Asia: ILO
South Asian countries, led by India, registered a rapid economic growth in 2010 and their unemployment rates dipped marginally from the previous year, says the latest annual Global Employment Trends (GET) report of the International Labour Organisation (ILO). Globally, however, it was a bad year for jobs for the third successive year. The annual employment trends survey points to a highly differentiated recovery in labour markets, with persistently high levels of...
More »Too Much Goodwill by Pragya Singh
NGOs To No Go’s * NGOs have mushroomed; so have instances of misappropriation of funds * Not disclosing expenditure and receipts; nor revealing who funds them * Not setting up NGO for the task it was funded for * Flocking to 'hot' topics, inviting accusations of singing to industrialists’ tunes * For every NGO supporting a cause, another springs up against that cause *** NGO numbers * 3.3 million Number of NGOs...
More »Miracle workers by Anupama Katakam
A courier company in Mumbai shows the way in providing employment for the hearing impaired. IN the milling crowds of Mumbai, they stand apart with their orange T-shirts printed with the name Mirakle Couriers. Every day, during the busy hours of the working week, one sees them on the sidewalks, in public transport and elsewhere with large black bags slung on their shoulders. It would not be enough to say...
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