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...

If Rajiv Gandhi were alive, he would have been delighted to see his view on leakages confirmed by a research study on the public distribution system [How Can Food Subsidies Work Better? Answers from India and the Philippines by Shikha Jha and Bharat Ramaswami (http://www.adb.org/documents/working-papers/2010/economics-wp221.pdf)]. The ADB study showed that the deserving poor in India received only 10 per cent of the benefits from the system. Nearly twice accrues to...

-The Hindustan Times   Agriculture minister Sharad Pawar has said he fully supports the proposed food security legislation, but without the right strategies, it could cook up a food fiasco in the long-term. Pawar’s concerns — his ministry is responsible for ensuring farm output is enough to keep the legislation going — could put off the draft food security bill until the winter Parliament session, sources said. Even as the food ministry’s draft legislation...

The report on illegal mining in Karnataka, compiled by Lokayukta Santosh Hegde and his team, may spell the end of the first Bharatiya Janata Party government in south India. While the report is voluminous, here are a few details of what the Lokayukta and his team have found while probing the illegal mining scam. In the report the Lokayukta clearly makes charges against Chief Minister B S Yeddyurappa and Minister for...

New-look programme to be rolled out in 2,000 most backward blocks within a year As part of a coordinated and aligned initiative, the Sonia Gandhi-led National Advisory Council, a re-energised Union Rural Development Ministry and the Planning Commission are working in tandem to make up for the time and money lost due to the underperformance in UPA-II on the government's flagship programme, the Mahatma Gandhi National Rural Employment Guarantee Scheme. Even as...