Posco, the world's fourth largest steel maker, was in January ranked among a global list of 100 companies that will last for the next 100 years. Interestingly, governance, transparency and capacity to handle environment-related issues are taken into account in selecting these 100 companies "Posco will not only last the next 100 years, but will go beyond, and India will play a big part in our story of survival and growth", CK...

The Karnataka government is getting ready to host the Global Investors Meet (3- 4 June). A similar jamboree held some years ago, when S M Krishna was chief minister, had been a resounding flop, but this one, the government believes, would be a runaway success. There has been no dearth of publicity for the event in the media and there has been no shortage of roadshows on foreign soil. A...

Businessmen and society have a strangely contradictory relationship. The economic activity they generate can be an agent of social transformation and progress — a quick look at the changes in Indian society in the last two decades would be one indicator. Yet, businessmen in themselves are rarely conscious promoters of social progress. This is hardly unexpected. Business inherently seeks a stable environment in which to flourish, so businessmen tend not to...

India should look at Latin American countries to keep its food security intact. With little or no investment in the agriculture sector,it is estimated that 45% of Indian farmers want to quit farming—supply-side constraints have been a major causeforconcern. Add to that rapidly falling water tables in North India – India’s bread basket, and erratic monsoons from climate change leading to domestic food output falling short of demand, repeatedlyinthefuture. Talking...

A UN expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5% this year from around 12% last year. The UN Economic Social Commission for Asia and Pacific (Escap) also projected the economy to grow by 8.3% in 2010-11, compared to estimated 7.2% last fiscal, fueled by the recovery in investment and private consumption. “In India, consumer...