After pushing for financing adaptation at the just-concluded United Nations climate talks at Durban, India is hitting every button for aid in executing its low-carbon growth plans. This despite India (and China) refusing to sign new climate agreements at the U.N. Framework Convention for Climate Change (UNFCCC)’s 17th conference of the parties (COP 17) in the South African city. India, in fact, has a well-drawn out policy and action plan for climate...
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Natarajan pushes for India's right to grow at Durban meet
-The Business Standard Union Environment Minister Jayanthi Natarajan on Tuesday made it clear at the global climate change meet at Durban, South Africa, that India would not compromise on the principles of equity and historical responsibility in addressing the issue of climate change. India and China are being targeted for their high carbon emission. Talking on the sidelines of the meet, the minister said, “Equity is central to any debate on climate...
More »Shortages in a labour-surplus economy by N Chandra Mohan
Although India is a labour-surplus economy – with an unlimited number of workers willing to work at a subsistence wage – a paradoxical feature of the labour market is the rising incidence of scarcity or shortages amid a situation of potential plenty. No doubt, this pertains to skilled labour. But when 15 per cent of Indian trucks are idle owing to a shortage of drivers or India Inc is worried...
More »Extend rural job scheme to industrial units: FICCI
-The Hindu Business Line Labour shortage, wage bill, loss of orders hit industry, says survey Labour shortage, wage increases and loss of confirmed orders are hitting industry hard, says a survey by Federation of Indian Chambers of Commerce of India (FICCI). If this were not enough, the UPA Government's flagship rural job scheme, MGNREGA, is adding to industry's labour woes by luring away casual workers, it adds. The survey, which found the impact of...
More »Industry chambers, mining bodies oppose new Bill
-The Hindu ‘The mechanism for compensating the affected people is not clearly defined and has many limitations' Industry chambers led by Confederation of Indian Industry (CII) and FICCI on Friday sought a review of the Mines and Minerals (Development and Regulation) Bill, 2011 approved by the Union Cabinet stating that the industry was concerned on royalty, profit sharing and the methodology of providing assistance to project-affected persons. In a statement here, Rana Som,...
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