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...

P Sainath, Rural Affairs Editor, The Hindu and 2007 Magsaysay award winner, shares with Pradeep Baisakh his views on the POSCO project, Odisha farmers’ suicides and the National Food Security Bill You have visited Odisha quite often. How, in your view, has it changed in the last 20 years? Inequalities have increased massively. Earlier, we used to hire jeeps which were falling apart. Today, to go to Kalahandi, you have Innovas,...

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 Hindu   Tata Motors on Tuesday said it would take appropriate steps after studying the Singur Land Rehabilitation and Development Bill, 2011, which pertains to the plot leased by the West Bengal Industrial Development Corporation (WBIDC) to the company and its vendors. The Bill was passed by the Assembly by voice vote amid Opposition walkout earlier in the day. Tata Motors said it was an immensely painful decision for it to pull...

Development has a multiplier effect in terms of employm-ent, secondary activity and revenue to state, while delay entails loss for everybody. Tolstoy’s famous question, “How much land does a man require?” was answered when the Count who had ruthlessly exploited his serfs was buried in a grave measuring 7x4x4 feet. And that, Tolstoy concluded, was all the land a man requires. Is corporate and infrastructural greed in India today destroying the small,...