Corruption and human rights issues continue to be neglected by companies despite ongoing interest in United Nations-led efforts to ensure ethical corporate conduct, according to the findings of a new survey by a global initiative that seeks to foster responsible business practices. The UN Global Compact surveyed a total of 1,044 businesses in 97 countries, representing nearly 20 per cent of all of the initiative’s participants last year, and the...

The government on Tuesday approved a a proposal to draw a loan of $100 million (about Rs 450 crore) from the World Bank to promote microfinance in the country. The Cabinet Committee on Economic Affairs (CCEA) cleared the proposal for on-lending to the Small Industries Development Bank of India (Sidbi), which -- in turn -- would disburse the funds to the microfinance sector. “The fund will be used to promote responsible and...

With global efforts to end child labour showing mixed results, United Nations agencies are urging greater action to achieve the goal of eliminating the scourge by 2016. The latest report by the International Labour Organization (ILO) says that if current trends continue, the 2016 target will not be reached and a renewed push to end child labour is urgently needed. As millions of people around the world focus their attention...

A year after the World Health Organisation declared an Influenza A(H1N1) pandemic, a joint investigation by the British Medical Journal (BMJ) and the Bureau of Investigative Journalism has raised “troubling questions about how WHO managed conflicts of interest among the scientists who advised its pandemic planning, and about the transparency of the science underlying its advice to governments.” The open access findings are published in the journal (“Conflicts of interest:...

The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...