-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...

-The Financial Express   All India Congress Committee general secretary Rahul Gandhi has supported the demand to shift Posco India’s 12 million tonne steel project in Orissa to an alternative site. “If there is adequate non-agriculture land available, then that would be a better alternative,” Rahul Gandhi said. The Orissa Congress is demanding that the project be shifted to a place near Dhinkia where over 7,000 acres of Barren Land is available....

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...

This is a unique situation. For governments, development authorities, lenders and borrowers alike. On Wednesday, a Supreme Court (SC) Bench headed by Justice GS Singhvi upheld a verdict of the Allahabad High Court that quashed acquisition of 176 hectares of land from farmers in Greater Noida stating that the authorities were “sub-serving” private builders in the name of public interest. Land purchased from the government was always considered ‘clean’. This verdict,...

-The Asian Age   The draft Land Acquisition (Amendment) Bill being vetted by the Union law ministry maintains the 70:30 formula — a private developer has to acquire at least 70 per cent of the land, the remainder to be done by the government. This goes against the National Advisory Council proposal that the government acquire 100 per cent of land, while West Bengal chief minister Mamata Banerjee’s stand is that...