Bangalore : Under pressure from religious leaders, farmers and opposition parties, the Karnataka government has decided to shelve acquisition of over 5,000 acres of land for two major industrial projects in Mangalore and Gadag districts. On Tuesday, the government gave in to a 24-hour ultimatum issued by the seer of Udupi Pejawar Mutt, Visvesha Thirtha, to withdraw a move to acquire 2,035 acres of land for an SEZ in Mangalore. On Wednesday,...

-The Business Standard   For a country whose cuisine uses so much edible oil, India’s dependence on imported cooking oil is as economically debilitating as its dependence on imported energy. Barring a short spell in the late eighties, when the country was nearly self-sufficient in edible oil production, the bulk of the cooking oil needs have been met through imports for decades. Even today, domestic oilseed production does not meet even...

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...

  THERE is money on offer, but the farmers of Halligudi, a hamlet of 5,500 people in Karnataka's Gadag district, are hardly happy at the prospect of 3,382 acres (one acre is 0.4 hectare) of farmland being acquired for a Rs.32,336-crore steel plant south of National Highway 63, which runs between Karwar and Bellary. The plant is to be set up by the Indian subsidiary of the South Korean steel major Posco...

-The Deccan Herald "Law is misused for business interests." There is reason for serious concern over the aggressive acquisition of farm land by the Karnataka government on behalf of corporates. It has notified 3,382 acres in Halligudi in Gadag district where Korean steel giant Posco proposes to set up a 6 million tonne per annum integrated steel plant and a 450-mw captive power plant. Farmers in the area, whose lands have been...