-The Business Standard   The road to renewal of Memorandum of Understanding (MoU) with Posco India seems to be bumpy with the officials of the steel firm and the Orissa government failing to reach a consensus even though the pact lapsed on June 21 last year. In the latest of their series of interactions with the state government, the Posco India officials on Wednesday met state Chief Secretary B K Patnaik and steel...

-The Hindu   Minimum wages to unorganised workers The draft labour policy, released by Labour Minister Shibu Baby John here on Tuesday, proposes measures to ensure minimum wages to workers in the unorganised sector and check unhealthy tendencies such as ‘nokkukooli' in the loading and unloading sector. Releasing the policy, the Minister said that no time frame had been fixed for achieving these objectives because attitudes needed to be changed. All trade unions had...

Fighting the insurgency will need careful planning and sustained innovation. But New Delhi seems to have only big sacks of cash and even bigger words. Eleven weeks after the annihilation of an entire company of the Central Reserve Police Force in a Maoist ambush in April 2010 near the village of Tarmetla — the largest single loss India has ever suffered in a counter-insurgency campaign — Union Home Minister P. Chidambaram...

The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...

-The Business Standard   Steel maker yet to submit its written response. The renewal of Memorandum of Understanding (MoU) between the Orissa government and Posco India continues to be mired in uncertainty with the company yet to officially respond to the MoU renewal draft sent by the government one month back. The renewal of the pact for a 12 million tonne steel project in the state by the South Korean company that expired on...