According to international research firm Oxford Economics, China is finding it difficult to gain momentum in terms of exports of manufacturing goods due to the sluggish demand in developed economies. China, one of the fastest growing economies, is dependent on exports of manufactured goods, and the same is 'now acting as a drag on the country and could pull down its growth rate'.
Job openings in the UK will be advertised for four weeks for local workers, before considering a non-European worker for the same position.
Tata Steel is to form a committee to undertake a social audit of its Kalinganagar project in Orissa, in a bid to counter allegations on the negative impact of industrialisation.
New Union minister L Murugan's declaration of Kongu Nadu as his native place, instead of Tamil Nadu, may be part of a grand BJP strategy to create new states out of existing ones, particularly those that have anti-BJP governments, mulls N Sathiya Moorthy.
The Trinamool Congress chief opposed a major provision in the Bill which provides for private developers acquiring 70 per cent of the land for a proposed industrial project directly from the farmers and land-owners.
Senior BJP leader Arun Shourie on Monday accused the United Progressive Alliance government of "outsourcing" the country's foreign policy to the United States in the wake of industrialised nations (G-8) putting curbs on full nuclear cooperation with countries like India.
Prime Minister Manmohan Singh said on Sunday India would continue to work with like-minded people to make the Copenhagen climate change conference a success.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
Welcoming Obama's financial sector reform proposals, German finance minister Wolfgang Schaeuble said on Sunday he plans to convene a meeting of the G-20 finance ministers in Berlin ahead of the G-20 summit in Canada in June.
'We know each other for quite some time.' 'He could provide stability to the country for five years.' 'But he could not provide confidence to the countrymen that he is our leader.'
The CM recently instructed officials to prepare a roadmap for providing local jobs to about two million people, especially in the rural-based industries, such as khadi, dairy, and food processing units and MSMEs.
At this juncture, top-10-list.org has done a survey to seek the greenest cities of the world -- its main criterion of selection being the carbon dioxide emission level. The city with the least CO2 emission has been named the greenest city.
India today asked the World Trade Organization (WTO) chief to explain how he arrived at the figure of $150 billion as "being the Doha Round's contribution to the global stimulus", a demand that was supported by the United States.
It is eyeing the proposed Food Security Bill as one of the areas of pro-active involvement, even as the government is not much interested to consult the estranged comrades. The Bill has the potential of being the biggest social sector programme of the second Manmohan Singh government, just as the National Rural Employment Guarantee Act did during the first UPA regime.
India hopes to increase its share in the quotas of multilateral development banks like the International Monetary Fund and Asian Development Bank after major stakeholders in them bring forward the issue of quota review and expanding in accordance with current realities that will give proper representation to the emerging economies.
Celebrations continued for a second day on Friday after the Trinamool Congress led by Mamata Banerjee put up a stunning victory in West Bengal winning 211 of the 294 seats, bettering its 2011 tally of 184 seats. And the mood prevailed at the south Kolkata residence of Trinamool Congress Member of Parliament Saugata Roy with his associates distributing sweets and samosas and smearing each other with green gulal. Amid this hullabaloo, Roy squeezed out some time to speak to Indrani Roy/Rediff.com about the victory.
The 80-odd projects completed till now are already valued at Rs 14,000 crore.
Against the backdrop of industrialised nations (G-8) putting curbs on full nuclear cooperation with countries like India, Prime Minister Manmohan Singh leaves for Paris on Monday hoping that the visit would help India and France "build" its strategic partnership in nuclear energy, defence and other areas.
The G-8 nations have failed to agree on the issue of climate change. According to G8 leaders' Declaration on world economy, climate change, development and Africa issued on Wednesday, the rich and the most industrialised nations of the world have reaffirmed the importance of the work of the Intergovernmental Panel on Climate Change (IPCC) and notably of its Fourth Assessment Report, which constitutes the most comprehensive assessment of the science.
'Let the Congress high command decide who will replace Captain Amarinder because they are far wiser than I am.'
Dissatisfaction with the state leadership, along with caste and sectarian factors and economic issues -- particularly those relating to jobs and rural distress cost the BJP.
In a statement before leaving for London to participate in the meeting of world leaders to discuss the economic meltdown, Singh also focussed on the need to ensure adequate flows of finances to the developing countries to overcome the reversal of international capital flows.
India has an appalling record on industrial safety.
In a move which will shrink jobs for India, Indonesia, Bangladesh immigrants, the Malaysian authorities said they expect to halve the construction sector's dependence on foreign labour when a new system is adopted reducing manual labour by 80 per cent.
Bharatiya Janata Party and Communist Party of India-Marxist members on Friday voiced concern in the Lok Sabha over efforts by the US and other industrialised nations to curb enrichment and reprocessing technology to India and demanded a statement by Prime Minister Manmohan Singh to clarify the situation.
New Delhi has all along demanded that the principle of less-than-full reciprocity -- which implies that industrialised countries take bigger tariff reduction commitments than developing countries -- must be the cornerstone of Doha non-agriculture market access modalities. Besides, India demanded that the formula to cut industrial tariffs and the flexibilities provided to developing countries in the July 2004 framework agreement should never be linked.
This time, the heads of G-8 are meeting in L'Aquila, a mountainous town of Italy, situated 120 km from Rome. To make the deliberations realistic and relevant, almost 40 countries will be present there. Many other international organisations have been invited as well. G-5, that consists of India, China, Brazil, Mexico and South Africa, has a buzz around them. G-5 plus Egypt have been invited for a special session this time; G-8 knows well that the future belongs to them
The Shanghai Cooperation Organisation is still a developing entity and it is essentially due to Russian and Chinese efforts. The moot question is can India benefit by attending it?
Though the ruling Left Front in West Bengal recorded its worst performance in the recent Lok Sabha polls, industrialists appear to be unperturbed by the changing political wind in the state and believe industrialisation will continue.
It was always foolhardy to expect the US and the EU to want to genuinely open up at a time their economies are in deep trouble.
What is meant by Mamata's land bank? Will it be effecetive? How far will it be successful in solving the problem of land acquisition that plagues West Bengal?
Amid the rapid industrialisation and environmental degradation, industries and corporates have chalked out a mantra for economic growth, environment and equity or EEE.
"I have taken a Bhsima Pratigya (unflinching promise) not to enter politics, but have also taken a pledge to stop commercialisation, industrialisation and criminalisation of the political system of the country," Swami Ramdev told UNI in an exclusive interview.
In 2006, the Left Front won the Assembly elections in West Bengal on the basis of its pro-industrialisation campaign led by Chief Minister Buddhadeb Bhattacharjee.
The state received robust investment announcements worth Rs 2,43,489 crore in calendar 2007. In calendar 2008, investments fell 63 per cent, to Rs 90,095 crore (Rs 900.95 billion). The general slowdown in economic growth, however, may also have played a part in Bengal's declining rank, given that many of its major investments were in such sectors as steel, real estate and power, all of which are current casualties of slowing demand.
Technology has and will continue to fundamentally reshape the world, says World Bank president Jim Kim.
Fresh violence broke out on Monday in West Bengal's embattled Nandigram between supporters of the Bhumi Ucched Pratirodh Committee, which is opposing land acquisition for industrialisation, and activists of the ruling Communist Party of India-Marxist. Sources said both sides exchanged fire and hurled bombs at each other at a new area in Nandigram, where two BUPC members were injured.
A forthcoming study based on NCAER data shows a huge income gap that is directly attributable to education levels, says Sunil Jain.
"The 21st century world cannot be governed with the institutions of the 20th century," French President Nicolas Sarkozy told the United Nations General Assembly on Tuesday. "Let today's major powers and the powers of tomorrow unite to shoulder together the responsibilities their influence give them in world affairs," Sarkozy, who is the current president of the EU, said.
The desperation in countries like the United States is turning into forlornness. History says that whenever the West gets desperate enough over any festering issue, they find a solution. The discovery of penicillin is the product of such desperation. With this level of hopelessness, it will not be surprising if the world is seeing the last days of the lordship of the almighty crude oil.
