Jobs at India Threatened by Coal Importation

By International Business Times,  August 13, 2012, 10:53:14 PM EDT

India's massive coal importation, spurred by the sector's belief that local coal has poor content and low quality, has led to the unfortunate downsizing of employment in the coal sector.

"This has been creating unemployment in the coal sector. While there is need to increase coal production keeping pace with increasing demand, the companies are busy outsourcing the work, as a result of which coal production has fallen far short of the desired target," INTUC president G Sanjeeva Reddy during the inaugural of the 13th conference of the National Mineworkers' Federation on Saturday.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

IRS' Lois Lerner: 'I Have Not Broken Any Laws'
IRS' Lois Lerner: 'I Have Not Broke...
Why The Osama Photos Won't Be Made Public
Why The Osama Photos Won't Be Made ...
Naked Student Rescued After Doing Mushrooms
Naked Student Rescued After Doing M...
Donald Rumsfeld On Same Sex Marriage
Donald Rumsfeld On Same Sex Marriag...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.6249 0.18  1.38%
PFE $ 29.60 0.82  2.85%
CLWR $ 3.375 0.03  0.74%
F $ 15.265 0.32  2.11%
MSFT $ 34.75 0.10  0.29%
GE $ 24.025 0.37  1.54%
JPM $ 54.61 1.59  3.00%
QQQ $ 74.51 0.24  0.32%