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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UPA's image hit as corruption, scams rise by Yogendra Yadav
In this Independence Day week, State Of The Nation brings you an exclusive opinion poll across 20 states with 18,000 respondents. Corruption and scams are perhaps the biggest talking point at the moment and have clearly hurt the UPA Government. The results of the CNN-IBN-CNBC-TV18 State of the Nation Poll in association with Forbes India conducted by CSDS confirm what has been suspected - that the UPA's image has taken...
More »Sheila ki nishani: All Rs 100 cr CWG projects cleared by her by Raman Kirpal
The centre of the Commonwealth Games (CWG) scam has shifted from Suresh Kalmadi to Sheila Dikshit, the high-profile Delhi Chief Minister who brought the Congress electoral victory three times consecutively in the capital. And it’s not only because the BJP is demanding her head in return for offering BS Yeddyurappa’s in Karnataka. Two reports on the conduct (or misconduct) of the Commonwealth Games — one by VK Shunglu and another by the...
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 »Civil Society versus Elected Government by Sudhanshu Ranjan
The Union Government has announced that it would bring the Lokpal Bill in the monsoon session of Parliament which is expected to pass it in the winter session. The all-party meeting held on the Lokpal issue damned the civil society and passed a one-line resolution: “The all-party meeting agreed that the government should bring before the next session of Parliament a strong and effective Lokpal Bill following established procedures.” The...
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