The government must stop dilly-dallying over the project and apply the law regardless of the fact that it is India's single largest foreign investment proposal. TWO giant metallurgical projects, both in Orissa. Both promoted by big multinational corporations with tremendous influence. Both opposed by environmental and tribal rights activists because they would displace vulnerable people and destroy fragile ecosystems. Both backed strongly by State-level and national lobbies that claim they...
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Posco exaggerated plant’s job potential by Nitin Sethi
Did Posco exaggerate the employment potential of its Rs 50,000 crore plant in Orissa? A group of US-based experts has accused the Korean steel giant and Orissa of fudging statistics on potential jobs to hardsell the integrated steel plant. A paper prepared by Mining Zone Peoples' Solidarity Group — a collection of economic professors and engineers and others based in the US — has unravelled the figures estimated in an NCAER...
More »Posco paid for study on Posco by Priscilla Jebaraj
Claims about the benefits of Posco's $12 billion integrated steel project to Orissa's economy and job market come from a study by an “independent” research organisation — but was paid for by Posco itself. In January 2007, the National Council of Applied Economic Research (NCAER) published a report on ‘Social Cost Benefit Analysis of the POSCO Steel Project in Orissa,' which claimed that the project would directly and indirectly generate 8.7...
More »Target Practice by Sunil Jain
Now that it’s Millennium Development Goal (MDG) week, expect a host of studies/ articles/ commentaries around how India has failed to meet the important MDGs, on how parts of India are worse than sub-Saharan Africa or Bangladesh when it comes to nutrition, and so on. The UN set the ball rolling when it said that “with just five years to the 2015 deadline for achieving the MDGs, the country as a...
More »My data versus yours by MK Venu
It’s been often asked why our officialdom, with all the intellectual capital at its command, is unable to quantify the number of the really poor in India. Is this such a difficult thing to do? It is all the more baffling because in recent times, the debate on India’s poverty has only further confounded ordinary citizens. The Planning Commission had come up with an assumed deprivation ratio of 27.5 per...
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