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...

-The Times of India   SHIMLA: Cracking down on private educational institutions offering courses by obtaining certification after making false representations, the high court ordered Central Bureau of Investigation (CBI) to inquire into such cases. Acting on a petition filed by V P Ahluwalia, a retired principal of a college, the division bench consisting of Chief Justice Kurian Joseph and Justice Sanjay Karol has asked CBI to inquire into all cases where...

Popular perception of the state of economy, as recorded by the CNN-IBN-CNBC-TV18 State of the Nation Poll in association with Forbes India conducted by the CSDS, confront the "aam admi" government with many reasons to worry. Unlike corruption, the message is not loud here. Years of survey research have demonstrated that Indians tend to be positive and optimistic when it comes to their economic conditions. One needs to look at...

  There are times when fathers and sons say the same things. In 2008, days after terrorists from Pakistan massacred scores of people in Mumbai, a group of affluent young couples met for dinner. They work in large corporations, hold university degrees from the United States and England, subscribe to The Economist and even read it. But it was inevitable that when the men started talking about how the Indian government was too...

After a four-decade battle, Indian lawmakers took the first formal step toward creating an independent anticorruption agency on Thursday, introducing a bill in Parliament that would appoint a powerful ombudsman, or Lokpal, to investigate wrongdoing by government officials. But the draft of the law, which exempts the prime minister, members of Parliament and many other officials from the Lokpal’s jurisdiction, was roundly rejected by many of the people who had...