-IBN   After failing to provide the promised land for the proposed steel plant in Gadag district, the state government has convened a meeting with the representatives of the Korean based steel giant Posco Ltd, to locate a new place in the state, Industries Minister Murugesh Nirani said here on Wednesday. While assuring the people of Gadag district that the government was very much committed to its decision of abandoning the proposal, Nirani...

Farmers in Gadag district who succeeded in making the government revisit its decision to acquire land for housing South Korea’s Posco Steel Company, are now facing the prospect of their land being acquired for setting up agro-based industries. The government has decided to keep land ready in view of the Global Agri-Business Investment and Food Processing Meet 2011. This time, instead of Halligudi, over 3,800 acres in Petalur, Jantli-Shirur and Mevundi...

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...

Reforms in the supply-chain system can help India tackle the demand-supply mismatch in essential food items Food inflation may have dropped to single digit but since that fall is set against last year’s elevated double-digit base, it continues to hurt the poor — 65 per cent of their disposable income goes towards food. The government often defends its failure to tame inflation by arguing that it has no magic wand to...

-The Economic Times   The latest forecast of the Met office suggesting a weakening of the south-west monsoon during the second half of the monsoon season is not cause for panic. It is the distribution of rainfall across space and time rather than the aggregate percentages that matter for the farm sector. The good news is that both the spatial and temporal distribution of rainfall has been satisfactory so far. A good reservoir...