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...

Draft Bill on land acquisition pegs compensation on market value but how government agencies will reach this value remains a concern In response to farmers’ agitation in the last few years over faulty land acquisition and poor compensation—the Tata-Singur fiasco in West Bengal, Posco in Orissa or the recent farmers’ agitation in Noida—the ministry of rural development is planning to replace the archaic Land Acquisition Bill, 1894. It has come up...

IF YOU walked down the streets of Jantar Mantar in New Delhi between 3-5 August, you would see what TV cameras aren’t putting out on primetime news. Thousands of farmers from Jhabua in Madhya Pradesh to Rohtak in Haryana. On protest. Against the systematic grabbing of their land by various state governments across the political spectrum. On one side of the road, on large green carpets, are about 3,000 farmers,...

-The Times of India   The unveiling of the draft National Land Acquisition and Rehabilitation and Resettlement Bill is better late than never. All over India, industrialisation and infrastructure are hobbled by land-related strife. Whether it's Singur in Bengal or anti-Posco protests in Orissa, such stirs are impeding development and spooking investors. Bringing in a set of predictable rules - any rules - is welcome in such a context. The Bill...

The Trinamul Congress will accept government acquisition of land for the private sector only if the plots are required for projects under public-private partnership (PPP) and serve a public purpose. The stand was articulated by Trinamul Rajya Sabha MP and land expert Debabrata Bandopadhyay at a meeting with Union rural development minister Jairam Ramesh here today. The party had so far opposed any government role in acquisition of land for private...