A set of well-thumbed photographs are being passed around by protestors gathered outside the Sukma post office in Chhattisgarh's Dantewada district. The first is passport-sized, of a well-built, thirty year old man called Madkami Massa in a pale blue shirt smiling into the camera, the other grainier image shows Mr. Massa's contorted corpse on a white slab – his right arm severed at the elbow, his chest pierced by a...
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Can Posco Cross the India Barrier? by Prince Mathews Thomas
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...
More »Tackling Black Economy: SC Takes Control from Government by Arun Kumar
The Supreme Court has converted a high-powered committee of the Government of India, on the issue of black money, into an SIT under its own direction. This is an expression of no-confidence in the executive. The government’s intention in tackling either the problem of black economy or bringing back the black savings stashed abroad is suspect. According to reports, the money stashed abroad by the corrupt businessmen, politicians and others...
More »ADB warns of bumpy road into 'Asian century'
-AFP Asia could be as Wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said Tuesday. On current trends, Asia will make up half the world's economic output by 2050, and another three billion people will have joined the ranks of the affluent, their incomes matching those of Europe today, said the report. But the ADB study...
More »Govt probing assets, payments of Indians received abroad: FM
-PTI Details of assets and payments received by Indian citizens in several countries have "started flowing in" and are being investigated, Finance MinisterPranab Mukherjee disclosed on Saturday. Information about Wealth stashed away in Swiss banks by Indians is expected by the government before the end of the year, he indicated after pointing out that India had signed a Double TaxationAvoidance Treaty withSwitzerland. The treaty is likely to be ratified by the Swiss...
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