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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Adarsh scam: CAG report indicts former chief ministers
-NDTV A latest report on the Adarsh Society scam indicts two former Chief Ministers of Maharashtra and names some top Army officers for flouting norms. The report, prepared by the Comptroller and Auditor General (CAG), was tabled in Parliament today. It says, "Maximum concessions were given to the Adarsh Housing Society when Vilasrao Deshmukh and Sushil Kumar Shinde were chief ministers. Mr Shinde was the Chief Minister when wrong environment clearance was...
More »The Wanton Sins Of The Soil by Lola Nayar
Bellary is only the tip of the rotting earthmound. Can a new proposed legislation clear the air? Two years ago, when the ministry of mines decided to use satellite imaging to survey projects, it unearthed several “unusual activities” across the country. “The amount of mining done and material being exported didn’t match in areas where certain companies had been given licences,” recounts a former senior bureaucrat with the mines ministry....
More »Cotton saga unravels by Latha Jishnu
Flat yields for five years and rising insecticide use are jeopardising the success of Bt cotton technology Cotton has been the biggest success story in Indian agriculture since the Green Revolution. In a country struggling with stagnant yields in most crops, cotton has been the one bright spot. Production has soared from 13.6 million bales (each bale is 170 kg) in 2002-03 to 31.2 million bales in 2010-11—a figure that catapulted...
More »Rethink the communal violence bill by Ashutosh Varshney
The communal violence bill prepared by the National Advisory Council (NAC) seeks fundamentally to change how the government deals with violence against minorities. The bill focuses on religious and linguistic minorities as well the Scheduled Castes and Scheduled Tribes, but religious minorities are at its heart. The bill has some undeniable strengths, but it suffers from two analytically fatal flaws. First, it places excessive faith in the state machinery. Though...
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