-The Economic Times Sales of inverters and batteries jumped about 30% for the quarter to June, as a delayed monsoon pushed up power consumption in energy-deficient India. Manufacturers of power backup systems say they expect good profits this year, as the increase in sales will offset the rise in input costs due to a weak rupee. The country's largest battery maker Exide Industries said growth was robust despite a 4%-5% rise in prices....
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How the political class has looted India-AG Noorani
-The Hindu “Study these four men washing down the steps of this unpalatable Bombay hotel. The first pours water from a bucket, the second scratches the tiles with a twig broom, the third uses a rag to slop the dirty water down the steps into another bucket, which is held by the fourth. After they have passed, the steps are as dirty as before… They are not required to clean,” but...
More »Old diet, new recipe-Sebastian PT
-Business Today "I want it back," says Sharada Begum. The 67-year-old woman is a member of one of the 100 households of Raghubir Nagar, a resettlement colony in west Delhi, chosen to participate in a pilot scheme that aimed to turn the public distribution system (PDS) on its head. Through all of 2011, these households had Rs 1,000 transferred every month to a woman member's bank account in lieu of rice, wheat,...
More »Yet another data goof-up: Labour ministry sets up panel to look into errors in job survey
-The Economic Times The labour ministry has set up a panel to look into discrepancies into its second annual employment and unemployment survey, which may have resulted in wide variation in performance of different states. "The committee will look at all aspects of the survey, including the methodology and the original field level data used. It will also look out for processing errors," a labour ministry official told ET. The findings of the...
More »West Bengal emerges as the leader in generating SME jobs: Assocham-Sutanuka Ghosal
-The Economic Times KOLKATA: With over 43,000 jobs generated in the small and medium enterprises (SMEs) sector between April 2011 and up to February 15, 2012, West Bengal has emerged as a front-runner state to facilitate growth in the SMEs sector, apex industry body Assocham said on Tuesday. Utilizing the margin subsidy money worth Rs 52.49 crore, the state of West Bengal assisted about 5,290 SME units across the state, according to...
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