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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People hold UPA responsible for price rise by Yogendra Yadav
Popular perception of the state of economy, as recorded by the CNN-IBN-CNBC-TV18 State of the Nation Poll in association with Forbes India conducted by the CSDS, confront the "aam admi" government with many reasons to worry. Unlike corruption, the message is not loud here. Years of survey research have demonstrated that Indians tend to be positive and optimistic when it comes to their economic conditions. One needs to look at...
More »Three die as Pune police open fire on protesting farmers by Amruta Byatnal
A farmers' protest against diversion of irrigation water and Land Acquisition turned ugly on Tuesday, as three people including a woman, were killed when the police opened fire to quell the agitation which became violent at Bahur village near the Pune-Mumbai express highway. The firing occurred around 11 a.m. Thousands of farmers had gathered in the morning to protest diversion of water from the Pavana Dam to the twin industrial township...
More »Maharashtra orders judicial probe into police firing, project stopped
-DNA The Maharashtra government on Wednesday ordered a judicial inquiry by a retired high court judge into Tuesday’s police firing that killed three farmers, including a 45-year-old woman, while the Pune district collector ordered the Pimpri Chinchwad Municipal Corporation (PCMC) to stop the water pipeline project. The collector also ordered an inquiry by the sub-divisional officer (SDO) of Maval into the firing incident. On Tuesday, Sandeep Karnik, Pune (rural) SP, said the...
More »Govt faces land consent rule by Basant Kumar Mohanty
The “80 per cent consent” clause in the draft Land Acquisition bill may be extended to government projects too, rural development ministry sources have said. In its current form, the draft bill makes the consent of 80 per cent of the landowners mandatory only in case of Land Acquisition for private industry. In case of Land Acquisition for government projects, the draft merely requires “consultations” and not consent. However, among the several...
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