Retail giants pushing the European Union-India free trade deal promise consumers a "new and dynamic retail experience" but ignore the fate of India’s "mom-and-pop" stores and some 40 million people they employ. Four years in the making, the EU-India Bilateral Trade and Investment Agreement made serious headway during Indian Prime Minister Manmohan Singh’s visit to Brussels Dec. 10 and is due to be signed and sealed early 2011. But the negotiations have...
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New pharma policy to focus on cheaper drugs for poor by R Ravichandran
The Centre is expected to announce a new pharma policy in the next few months. The ministry of chemicals and fertilisers has discussed with concerned stakeholders and will seek further inputs on the matter before placing the draft note to a group of ministers (GoM) for final touches, chemicals and fertilisers minister MK Azhagiri said on Wednesday. Hinting this at a conference on ‘Intellectual Property Rights: Challenges and way forward for...
More »Money for nothing. And misery for free by Rohini Mohan
IT WAS a windfall five years ago that taught Panchali Satyavva the power of a lie. It happened one Monday afternoon in Someshwar village of Nizamabad district in Andhra Pradesh. It was raining in sheets and she had just placed a bucket under the steady trickle of water from the roof of her hut. Two men were at her door, holding umbrellas and offering her an unsolicited Rs. 5,000. They...
More »Shortage of labour affecting Surat diamond industry profits by Dharmesh
A shortage of labour is affecting cutting and polishing jobs in Surat's diamond industry. Skyrocketing prices of raw diamonds is a key factor leading to thousands of workers moving away from the diamond industry to other businesses . "The labour that came into the cutting and polishing jobs of the Surat diamond industry 20-25 years ago, that generation is moving towards retirement. And the new generation that should come in this industry doesn't...
More »Land to be acquired only with the consent of farmers in Gujarat by Manas Dasgupta
In a bid to encourage farmers to part with their land for industrial development, the Gujarat government has formulated a new land acquisition policy to make them partners in the development. Announcing this, Minister of State for Industries Saurabh Patel said the State-owned Gujarat Industrial Development Corporation (GIDC) henceforth would acquire land only with the “consent” of the concerned farmers, pay them at the prevailing market price, and give them a...
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