The government has decided to release data for manufactured goods in the wholesale price index (WPI) with a monthly frequency, even as data on primary goods and fuels would continue to be released every week. Further, the revamped WPI would cover about 900 items instead of 435 at present, and the base year is being brought forward from 1993-94 to 2004-05. These changes would make the price index more reliable...
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Employers let temporary workers go first during economic crisis – UN report
Workers who found jobs through temporary employment agencies were among the first to find themselves out of work as a result of the global financial and economic crises, according to a new United Nations report released today. The International Labour Organization (ILO) report noted that the largest number of temporary job losses was recorded in the manufacturing sector of developed countries, especially in the car industry. Spotlighting Germany, where between...
More »GEAC fails the nation, takes the side of Seed Companies on Bt Brinjal
The Genetic Engineering Approval Committee (GEAC) today considered the approval of Bt Brinjal at their 97th meeting. Internal sources say that GEAC approved the environmental release of Bt Brinjal although there were three voices of dissent within the committee, including that of Supreme Court observer and noted molecular biologist Dr P.M Bhargava. It is further believed that committee’s recommendations have been sent for the final government approval for commercial release....
More »Use Doha Round to Correct Past Mistakes of the WTO Regime by Bharat Dogra
Concerted efforts have been made to give a new lease of life to the Doha Round of WTO negotiations. The question before us is: what is the most relevant role which this revived round of trade talks can play? If we take an overview of the entire international trade scene and the changes that have taken place ever since the WTO was created (including the negotiations which preceded the WTO’s...
More »US companies bribed Indian ministry officials?
The UPA is in damage control mode over allegations that Indian officials took millions of dollars as bribes to help American companies secure government contracts. Five ministries are investigating specific charges of bribery against their officials, after the Indian ambassador to the US wrote a letter to the Centre. The Agriculture Ministry has asked the CBI to investigate allegations that US-based Dow Chemicals paid $ 200,000 to register 3 of...
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