Prime Minister Manmohan Singh on Friday told the global leaders that India will revert to its pre-crisis economic growth rate of 9 per cent in the next fiscal. “We grew at 9 per cent in the four years prior to the crisis, but slowed down to 6.7 per cent in the 2008-09,” Dr. Singh said, adding the emerging economies in Asia are now doing well. Read more »
Group of 20 (G20) leaders faced calls to place cooperation above competition as they resumed their talks in Seoul Friday. The first round of discussions in the South Korean capital saw acrimony prevail, with exporting powerhouses China and Germany criticising the US’ monetary policy which has led to a weak dollar — and leaders expressing differing views on how to reduce trade imbalances. Read more »
The Group of Twenty (G-20) Finance Ministers and Central Bank Governors was established in 1999 to bring together systemically important industrialized and developing economies to discuss key issues in the global economy. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers. Read more »
State apathy hasn’t killed the Medha Patkar-led Narmada Bachao Andolan. Even that 25 years later, it still inspires and galvanises similar struggles for justice across India. It has been 25 years since the Narmada Bachao Andolan – a people’s movement that has brought the struggle in the Narmada valley to the fore – started. Read more »
Ministers and representatives from 35 countries, regional groupings and UN organisations met in New Delhi and have called for an agreement on a Technology Mechanism at the COP-15 in Cancun. The Ministerial was hosted jointly by the Governments of India and Mexico and UNDESA.
A first-ever survey by the Labour Bureau under the Union Ministry of Labour has shown that chronic unemployment — being jobless for more than six months — in India for 2009-10 stands at 9.4 per cent of the population, more than thrice the 2.8 per cent estimated by the National Sample Survey Organisation (NSSO). Read more »
THERE IS no question that India needs the nuclear energy option, provided it can exercise it wisely and safely. As a rapidly growing economy, we are going to require large amounts of energy. We need to generate this energy fast and from all possible sources, including nuclear reactors. As of now, only around 3 percent of the 140 GW of electricity being consumed by our country is nuclear. Read more »
