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...
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The land debate by BG Verghese
Development has a multiplier effect in terms of employm-ent, secondary activity and revenue to state, while delay entails loss for everybody. Tolstoy’s famous question, “How much land does a man require?” was answered when the Count who had ruthlessly exploited his serfs was buried in a grave measuring 7x4x4 feet. And that, Tolstoy concluded, was all the land a man requires. Is corporate and infrastructural greed in India today destroying the small,...
More »Left behind in a web of debt and poverty by Malia Politzer
The passport office in Hyderabad reported the highest number of passport applications recorded in Indian history (at least 450,000) and it expects an increase of 15-20% this year Jamuna Kunta sits stiffly in a plush red chair at the Hyderabad press club, holding her head proudly erect as she quietly recounts the events leading to her husband’s suicide in Dubai. A farmer from Karimnagar, a rural district in Andhra Pradesh, her husband...
More »Channels of change by Richard Mahapatra
Two villages in Uttar Pradesh have reversed the trend of migration by digging six kilometres of channels to bring water to drought-hit farms Call it the fallout of seven years of severe drought or government inaction, a silent revolution is brewing in Lalitpur district of Uttar Pradesh. Communities are getting united and digging channels to bring water from government canals to their fields. Some are volunteering labour, while those belonging to...
More »Is the MNREGS Affecting Rural Wages? by Jayati Ghosh
There are many critics and sceptics with respect to the Mahatma Gandhi National Rural Employment Guarantee Scheme, which came into being because of political pressure that managed to overcome quite strenuous opposition from some of the most influential policy making circles. It is likely that much of this criticism is not really because of the declared reasons, like fiscal costs (which are thus far very little) and potential leakage. Rather,...
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