-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 Indian Express   Terming the Centre's assurance of keeping madrasas out of the ambit of Right to Education as misleading, the All India Muslim Personal Law Board (AIMPLB) has announced to continue with its campaign against inclusion of madarsas in the Act. "The government recently gave a statement that madarsas and other religious institutions will not be covered under RTE Act which is misleading," members of AIMPLB Zafaryab Jilani said. He said that...

-The Business Standard   Even as Posco India is yet to submit a written response on the draft prepared for renewal of Memorandum of Understanding (MoU) with the Orissa government, the company is understood to have raised certain reservations over the omission of the iron ore swapping clause in the revised pact. While Posco has verbally agreed not to export iron ore from Orissa, the steel maker has requested the state government to...

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...