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...
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Civil Society versus Elected Government by Sudhanshu Ranjan
The Union Government has announced that it would bring the Lokpal Bill in the monsoon session of Parliament which is expected to pass it in the winter session. The all-party meeting held on the Lokpal issue damned the civil society and passed a one-line resolution: “The all-party meeting agreed that the government should bring before the next session of Parliament a strong and effective Lokpal Bill following established procedures.” The...
More »Money doesn’t make the landowner fonder by EAS Sarma
The country’s first legislation on land acquisition, rehabilitation and resettlement is out as a first draft. Here is a sharp critique of the bill THE GOVERNMENT has made public the new Draft National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, which FW has run in these columns over three days. This is what I think of it. In terms of the definition of public purpose, the Bill is more colonial...
More »Deconstructing The NAC by Ruchi Gupta
The past couple of months have seen a renewed attack on the National Advisory Council (NAC). The NAC has been decried as an unconstitutional, undemocratic, “super-cabinet” where unaccountable “jholawalas” hatch harebrained schemes guaranteed to run the government aground. Another line of criticism has focused on the process of the formation of the NAC, its space within the Indian Constitution, and its capacity to influence policy. The two criticisms merge with...
More »Left cries foul over House price ‘pact’
-The Telegraph Smaller parties today accused the government and the Opposition BJP of striking a face-saver deal on price rise, overshadowing the debate on the crucial issue in the Lok Sabha. Led by the Left, parties like the BSP and the RJD lashed out at the alleged pact the government was said to have struck with the BJP for drafting the language of the motion in such a way that the...
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