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Land acquisition for Posco will be slow by Ruchira Singh & Alekhya Mukkavilli

Bhubaneswar: Orissa’s steel and mines minister Raghunath Mohanty is faced with the most difficult task of his tenure—orchestrating smooth land acquisition for South Korean steel maker Posco, maintaining peace in the villages affected by it and responding to pressure from the Central government that wants to showcase the 12-million-tonne (mt) project as one of the successes of its foreign investment policy. With the environment ministry giving its final clearance for the...

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‘Benefits of growing economy must reach rural areas’

Ahmedabad : In a five-page concept note that will be further expanded and which is expected to guide the government policy during the 12th Five-Year Plan for the state, 10 senior academics have pointed out the areas of concern in rural parts of Gujarat. They have put forward a proposal before the state. The paper is a result of a meeting chaired by IRMA chairman Professor Y K Alagh on the...

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Indian media in a challenging environment by M Hamid Ansari

The Indian media have grown rapidly in scale, reach, influence, and revenues. But all stakeholders must realise that the ethical underpinning of professional journalism in the country has weakened and that the corrosion of public life in our country has impacted journalism. So what needs to be done? We have been witness in recent years to rapid, and unprecedented, changes in our society, economy, and polity. These have also transformed the...

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Global food inflation to return after brief respite

-Reuters   Red-hot food inflation that has vexed policy makers around the world seemed to take a breather last month, when corn and wheat prices tumbled on reports that crop shortages were easing. The sell-off was also driven by global economic worries that prompted funds to exit grains in droves. But prices are climbing again, and have already made up half of June's losses. The sell-off masked an unnerving reality: The world remains...

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Licence to loot by Ravi Sharma

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...

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