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NEW DELHI: India signing the Domestic Workers’ Convention adopted at the recently held 100th Session of ILO’s International Labour Conference, has suddenly brought into national focus this most neglected, unorganised and hard-to-organise sector of female workers’ household service. They are known as maid servants.

NEW DELHI: The discussion paper circulated by the Department of Industrial Policy and Promotion (DIPP) of the Industry Ministry has suggested major policy changes in respect of the foreign direct investment in the country which have all the potential of encouraging flow of foreign funds into the Indian economy in this critical period.

New Delhi: The much debated Lok Pal Bill, 2011 is likely to be tabled by the third day of the Monsoon Session of the Parliament which begins from August 1. It would be tabled in the Lok Sabha.

Karnataka Lokayukta Santosh N Hegde’s independent investigation report evidencing the involvement of Chief Minister B S Yeddyurappa and several others, including former state CMs, in illegal mining in the state is merely a tip in the iceberg in so far as the history of India’s illegal mining is concerned. The illegal mining and quarrying industry is worth several billions of dollars and is not restricted to Karnataka alone. It has always thrived on political patronage.

LUCKNOW: BSP supremo and chief minister Mayawati has decided to launch major offensive against political rivals especially Congress and Samajwadi Party in view of 2012 assembly polls in Uttar Pradesh.

The BJP high command has taken the right but difficult decision to sack Karnataka chief minister B.S. Yeddyurappa but will he go quietly? He had survived several crises earlier but this time he had no such luck. Now that the BJP Parliamentary Board has decided to show him the door it is clear that the BJP bosses have felt “enough is enough “What is important is that even if he is innocent, politics is perception and in the eye of the public the chief minister is corrupt. In these three years the chief minister did nothing to correct his image with the result today, no tears are shed for his ouster.

KOLKATA: A leopard, the saying goes, cannot change its spots : she may be two months in power, but new West Bengal Chief Minister Mamata Banerjee cannot abandon her crowd pleasing ways.

NEW DELHI: Prime Minister Dr. Manmohan Singh is set to give a big push to the second phase of reforms in the monsoon session of Parliament beginning August 1 to prove the point that there is no paralysis in the functioning of the Government under his leadership and the steam is not off from the course of liberalization. He also wants to show that he is firmly in control as the head of the UPA2 regime.

Persevering with its anti-inflationary monetary stance, the RBI announced on July 26 a stronger-than-expected 50 basis point increase in the key policy lending rate, Repo, from 7.5 to 8 per cent with immediate effect. The reverse repo is automatically adjusted to 7 per cent and the Marginal Standing Facility (MSF), which is held at 100 basis points above repo rate, is recalibrated at 9 per cent.

New Delhi: With 11 consecutive interest rate increases in the last 15 months, RBI has emerged as the most aggressive Central Bank which is tasked with containing inflation. At a time, when all available date indicate a clear slowdown in Industrial and economic output, this is a matter of great concern since there could be a tipping point beyond which salvaging a downward spiral of growth could be an arduous task. In this situation, a more than expected increase in repo rate would also hurt sentiments, said Mr Chandrajit Banerjee, Director General of Confederation of Indian Industry.