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...

-The Business Standard   Asking questions does not amount to passing judgements Just as correlation does not establish causation, asking questions does not amount to passing judgements. The Comptroller and Auditor General of India (CAG) is an important constitutional office that has a role to play in improving governance. However, going beyond one’s brief can always harm an institution in the long run and be counterproductive. An auditor’s dharma is to see if...

The centre of the Commonwealth Games (CWG) scam has shifted from Suresh Kalmadi to Sheila Dikshit, the high-profile Delhi Chief Minister who brought the Congress electoral victory three times consecutively in the capital. And it’s not only because the BJP is demanding her head in return for offering BS Yeddyurappa’s in Karnataka. Two reports on the conduct (or misconduct) of the Commonwealth Games — one by VK Shunglu and another by the...

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...

Bellary is only the tip of the rotting earthmound. Can a new proposed legislation clear the air? Two years ago, when the ministry of mines decided to use satellite imaging to survey projects, it unearthed several “unusual activities” across the country. “The amount of mining done and material being exported didn’t match in areas where certain companies had been given licences,” recounts a former senior bureaucrat with the mines ministry....