THE LAND acquisition process for Posco in Gadag district of Karnataka has been called off by the Karnataka government owing to intensified opposition from the farmers. A day after Karnataka Chief Minister Yeddyurappa announced that land acquisition for Posco project in Gadag will be called off and the project will be shifted elsewhere, around 40 villagers from Halligudi met him in Bangalore on Thursday and expressed their willingness to give up...

Kolkata : Mamata Banerjee’s announcement banning the acquisition of land by any government department or agency for industry has grounded over a dozen key industrial parks across the state. These projects, in various stages of progress — and in which land acquisition was on — account for a committed investment of Rs 50,000 crore. The announcement — underlined by the state Industries and Finance Ministers — has stunned industry and so...

-The Business Standard   For a country whose cuisine uses so much edible oil, India’s dependence on imported cooking oil is as economically debilitating as its dependence on imported energy. Barring a short spell in the late eighties, when the country was nearly self-sufficient in edible oil production, the bulk of the cooking oil needs have been met through imports for decades. Even today, domestic oilseed production does not meet even...

-IANS   South Korean giant Posco's plan to set up a six million tonnes per annum steel plant in Karnataka is in doldrums with the state government dropping plans to acquire land, in the face of opposition from farmers and religious leaders. "Even if the farmers agree to give land, we will not acquire it in Gadag district," Chief Minister B.S. Yeddyurappa told reporters Thursday. "If Posco is interested in setting...

A host of steel-manufacturing units are keen to set up plants in Karnataka, and all want captive mines. SOUTH KOREA'S Posco is not the only steel-maker keen to do business in Karnataka. The State's estimated 9,000 million tonnes of good-quality iron ore reserves, which is the second largest in India, the State government's assurances on a smooth land acquisition process, the availability of water and the promise of speedy regulatory clearances...