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...
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Give food some thought by Surinder Sud
Reforms in the supply-chain system can help India tackle the demand-supply mismatch in essential food items Food inflation may have dropped to single digit but since that fall is set against last year’s elevated double-digit base, it continues to hurt the poor — 65 per cent of their disposable income goes towards food. The government often defends its failure to tame inflation by arguing that it has no magic wand to...
More »How to End a Million Mutinies by Revati Laul
IF YOU walked down the streets of Jantar Mantar in New Delhi between 3-5 August, you would see what TV cameras aren’t putting out on primetime news. Thousands of farmers from Jhabua in Madhya Pradesh to Rohtak in Haryana. On protest. Against the systematic grabbing of their land by various state governments across the political spectrum. On one side of the road, on large green carpets, are about 3,000 farmers,...
More »Money doesn’t make the landowner fonder by EAS Sarma
The country’s first legislation on land acquisition, rehabilitation and resettlement is out as a first draft. Here is a sharp critique of the bill THE GOVERNMENT has made public the new Draft National Land Acquisition and Rehabilitation & Resettlement Bill, 2011, which FW has run in these columns over three days. This is what I think of it. In terms of the definition of public purpose, the Bill is more colonial...
More »The Wanton Sins Of The Soil by Lola Nayar
Bellary is only the tip of the rotting earthmound. Can a new proposed legislation clear the air? Two years ago, when the ministry of mines decided to use satellite imaging to survey projects, it unearthed several “unusual activities” across the country. “The amount of mining done and material being exported didn’t match in areas where certain companies had been given licences,” recounts a former senior bureaucrat with the mines ministry....
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