-Live Mint Decline came as labour productivity grew 7.6%; wage growth remains far below pre-crisis levels globally India’s real wages fell 1% between 2008 and 2011, while labour productivity grew 7.6% in the same period, International Labour Organization (ILO) data showed on Friday, indicating that the benefits of the country’s economic growth didn’t translate into better pay for workers in the aftermath of the global economic crisis. In contrast, China’s real wage growth...
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Walmart lobbying report sparks stir, BJP, Left Front demand probe
-CNN-IBN The Opposition is crying foul over reports of global retail giant Walmart lobbying US lawmakers to get into India. The BJP and the Left Front joined hands to collectively take on the government, demanding an inquiry into reports that Walmart had spent Rs 125 crore on lobbying with US lawmakers to facilitate its expansion into markets including India over the past four years. The BJP, in fact, compared it to...
More »Delhi may become first state to have Walmart store
-PTI Delhi may soon become the first city in the country to have global retail chains like Walmart and Tesco, with the city government all set bring a Bill in the Winter session of assembly beginning on Tuesday to remove hurdles in ensuring "effective" implementation of Foreign Direct Investment (FDI) in multi-brand retail. The city government will bring an amendment to the Agricultural Produce Marketing Committee (APMC) Act for facilitating direct purchase...
More »Countries unhappy with proposals, yet continue with Doha talks -Meena Menon
-The Hindu The climate talks continued here on Saturday with Conference of Parties (COP) 18 president Abdullah Bin Hamid Al Hattiyah of Qatar pushing for a conclusion, while accepting that everyone was unhappy with the proposals, but at the same time wanting an outcome. After a brief informal plenary in the morning where Mr. Al Hattiyah asked ministerial outreach groups on key issues to report back after consultation, the plenary convened briefly...
More »Walmart spent Rs 125 crore on lobbying to enter India: Report
-PTI Global retail giant Walmart - waiting for years to open its supermarkets in India - has been lobbying with the US lawmakers since 2008 to facilitate its entry into the highly lucrative Indian market. As per the lobbying disclosure reports filed by Walmart with the US Senate, the company has spent close to $25 million (about Rs 125 crore) since 2008 on its various lobbying activities, including on the issues...
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