The steadily rising rate of economic growth in India has recently been around 8 percent per year (it is expected to be 9 percent this year), and there is much speculation about whether and when India may catch up with and surpass China’s over 10 percent growth rate. Despite the evident excitement that this subject seems to cause in India and abroad, it is surely rather silly to be obsessed...

-The Business Standard   The land acquisition for the 12 million tonne Posco steel plant in Orissa has picked up pace with United Action Committee, a pro Posco outfit active at the project site near Paradip, extending its support to the process. On the fifth day of the exercise today, the revenue officials demolished 36 betel vines on the government land and distributed compensation of Rs 57 lakh to the beneficiaries in...

The management of food and poverty in India is getting increasingly unreal. On the one hand, the country has a bumper harvest with every likelihood of the grain mountain to be procured adding to the existing mountain of official stocks. Without adequate storage space, a not-so-insignificant part of it will rot and go to waste. On the other hand, the government will not allow wheat exports until it is clear...

Villagers in Nuagaon, Gadakujang and Dhinkia have accused the United Action Committee (UAC) of helping the government acquire betelvines for the proposed Posco project. Ranjan Swain of Nuagaon, said, "For five years, the betelvines were a stumbling block for Posco to acquire land for its Rs 52,000 crores project at Gadakujang, Dhinkia and Nuagaon gram panchayats. But now their movement against Posco is falling like ninepins and the authority has...

The food ministry is set to oppose the mandatory 5% ethanol blending programme, fearing diversion of foodgrain for manufacture of ethanol. The ministry has called for the report of the expert panel headed by Planning Commission member Saumitra Chaudhuri in order to "review" the programme. The petroleum ministry was expected to soon send the report to the Cabinet Committee on Economic Affairs for a final decision after factoring in the dissent notes...