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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Do bigha zameen by Mahesh Rangarajan
The Land Acquisition Bill is a key issue before Parliament this monsoon session. A look at history would be useful. The concern with the extent and spread of agricultural land is not new. But the way in which it is being addressed certainly is. Much of the criticism of the Land Acquisition Bill has been about the provisions to safeguard irrigated, double cropped land. It is true these provisions will be...
More »How to End a Million Mutinies by Revati Laul
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,...
More »Tea firms see losses ahead as workers strike by Manish Basu
Two of India’s biggest tea companies, Goodricke Group Ltd and Duncans Industries Ltd, said they may plunge into losses as workers, backed by key political parties, agitate for more pay. The labour unions reject this contention. The two companies are the main plantation owners in West Bengal’s Dooars region and do not have too many gardens elsewhere. Between them they produce about 34 million kg of tea a year; Goodricke is...
More »Food security to create permanent wheat shortage by Nidhi Nath Srinivas
From next year, atta,bread,biscuits ,snacks and everything made from maida and sooji will become seriously more expensive. Even after a bumper crop, there just won't be enoughwheat for us. ET helps you join the dots. The trigger for wheat inflation that will hit each one of us is the Food Security Act, which kickstarts next year. The Food Corporation of India (FCI) will need substantially more wheat to supply three...
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