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...

  There are times when fathers and sons say the same things. In 2008, days after terrorists from Pakistan massacred scores of people in Mumbai, a group of affluent young couples met for dinner. They work in large corporations, hold university degrees from the United States and England, subscribe to The Economist and even read it. But it was inevitable that when the men started talking about how the Indian government was too...

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...

After the brutal murder of Azad, is there any hope for well-meaning routine calls for “dialogue” and “peace talks”? What can the "civil society" do as a serious, real intervention? It is reported that the decades-old talks with Naga insurgent groups has made some progress recently (See “Differences ‘narrowed’,” Times of India, July 19, 2011). One reason why talks have a chance in these cases is that separatism comes in...

The Land Acquisition Bill is a key issue before Parliament this monsoon session. A look at history would be useful. The concern with the extent and spread of agricultural land is not new. But the way in which it is being addressed certainly is. Much of the criticism of the Land Acquisition Bill has been about the provisions to safeguard irrigated, double cropped land. It is true these provisions will be...