The finance ministry is putting shape to a new social security scheme for unorganized sector workers, creating for the first time a safety net for millions of underpaid and overworked people, many of whom living in abject poverty. The ministry has discussed with the Life Insurance Corporation (LIC) and the four state run non-life insurance companies the contours of this scheme that will provide life insurance, health cover and retirement pension...
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New rules give some relief to nuclear suppliers
-The Hindu The government has finalised rules for the implementation of the country's new nuclear liability that aim to meet the concern of American nuclear suppliers wary of being exposed to unlimited liability in the event of a Fukushima-type accident involving any of their reactors. The rules, which were notified on November 11, were made public on Wednesday on the eve of Prime Minister Manmohan Singh's visit to Bali for a regional...
More »Govt notifies Rules: N-supplier liability to be ‘limited in time’ by Amitabh Sinha
The foreign suppliers of nuclear material to Indian nuclear power plants would not be held liable for accidents caused by defective or faulty equipment supplied by them if the accident takes place after a guarantee period specified by them. According to the Rules of the Civil Liability for Nuclear Damages Act, which was made public today, suppliers of nuclear material would be allowed to specify a ‘product liability period’ beyond which...
More »Tiny device from IIT-Kanpur can prevent derailment
-IANS After fabricating Jugnu, the country's tiniest satellite launched last month, Indian Institute of Technology-Kanpur graduates have now come up with a matchbox-sized device to monitor wear and tear of railway tracks and prevent derailment. The new device is aimed at replacing a bulky, box-like contraption that is currently used by Indian Railways. "Our device is a supplementary system for monitoring track health, making it simpler to integrate with the existing railway infrastructure,"...
More »The environmental cost of diesel subsidy by Sunita Narain
Consider this. Every time petrol prices rise, oil companies end up losing more money. How? The price differential between petrol and diesel increases further; people start buying diesel-powered vehicles so oil firms bleed more. Even worse, we all bleed because dieselisation adds to toxic pollution in our cities. This, in turn, adds to the health burden and costs. This is all very well accepted. Yet, nobody has done anything to fix...
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