-PTI The Bihar Lokayukta Bill, 2011, has proposed constitution of a three-member Lokayukta with jurisdiction to probe corruption charges against public servants from the chief minister down to employees of the lowest rung of the administration. Public servants including the chief minister, ministers, members of the state legislature, officials, employees, companies, NGOs and chairpersons of the various boards and corporations in the state would be within the purview of the Lokayukta,...

Farmers are joining India Inc in mind, body and spirit. In a quiet revolution underway across the countryside, growers are setting up companies, replete with balance sheets, professional CEOs, board of directors, and income tax returns.  By pooling together the land and produce of their shareholders, these companies are signing lucrative deals with large retail chains, food companies and exporters keen to establish reliable supply chains. As many as 200 companies...

Singapore spot market, not production costs, driving Indian petrol price Have you ever wondered why when petrol prices go up or down they do so uniformly across the retail outlets of the three oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum? If they are three different companies with their own refineries and distribution systems, then surely their costs and selling prices must be different? Welcome to the strange world...

-The Times of India   Tension is brewing once again between the government and internet and social media companies over the telecom and IT ministry's demands to screen user content and remove offensive material before it is uploaded. Sources said over the last three months the government has been in talks with these firms to put in place a monitoring mechanism. On Monday, telecom & IT minister Kapil Sibal met executives from the...

While Asian economies boomed before the global recession in 2008, the fruits of that progress did not translate into better wages or secure employment conditions for workers in the region. The International Labour Organisation (ILO)'s Asian Decent Work Decade launched in 2006 was aimed at five priority areas of competitiveness, productivity and jobs; labour market governance; youth employment, managing labour migration and local development for poverty reduction. Today workers' unions are...