-IANS   South Korean giant Posco's plan to set up a six million tonnes per annum steel plant in Karnataka is in doldrums with the state government dropping plans to acquire land, in the face of opposition from farmers and religious leaders. "Even if the farmers agree to give land, we will not acquire it in Gadag district," Chief Minister B.S. Yeddyurappa told reporters Thursday. "If Posco is interested in setting...

The fear of losing their land for setting up industrial establishments, as is the case at present in Gadag, is not the only worry for farmers in Karnataka. The farmers in the State appeared to be a distressed lot even with farm lands in their possession. Contrary to what the State Home Department would want us to believe, the State Crime Records Bureau’s (SCRB) report portrays a dismal picture of the incidence...

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...