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India Journal: Why Vedanta Lost and Posco Looks Like a Winner by Rupa Subramanya Dehejia

Two large industrial projects, one poor state, two likely different outcomes — and a long-haired, flamboyant environment minister-turned-crusader starring in both. No, this is not your latest blockbuster but it has the makings of one. As reported Monday, Posco, the South Korean steelmaker, cleared a major regulatory hurdle in its bid for a massive steel project in Orissa. An environment ministry panel gave clearance for an initial steel production capacity of...

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MGNREGA provided employment to nearly 4 crore people in 2010

Nearing the four crore mark in providing jobs under MGNREGA , re-launching the Provision of Urban Amenities in Rural Areas scheme and reinforcing social audit in programmes on complaints of irregularities were the foremost tasks of the rural development ministry in 2010. While 3.9 crore households were provided employment, the share of women beneficiaries under the Mahatma Gandhi National Rural Employment Guarantee Act went up to 51 per cent, with...

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India's hidden climate change catastrophe by Alex Renton

Over the past decade, as crops have failed year after year, 200,000 farmers have killed themselves Naryamaswamy Naik went to the cupboard and took out a tin of pesticide. Then he stood before his wife and children and drank it. "I don't know how much he had borrowed. I asked him, but he wouldn't say," Sugali Nagamma said, her tiny grandson playing at her feet. "I'd tell him: don't worry, we...

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Indian economic growth in 2011 improves poultry farmers' prospects by Caroline Stocks

The Indian economy is moving back into the fast lane, with agriculture playing a leading role. A new financial review presented by the government in mid-December anticipated economic growth of up to 9% for the year to March 2011, and forecasters believe double-digit expansion is on the cards for later in the year. "Faster growth is expected to continue as agriculture recovers sharply from last year's drought and inflation starts to...

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Cautious hope by Neeraj Hatekar

The economy shows consistent signs of growth. The challenge in the new year is to make development more equitable and broad-based… 2010 was a year of relief that soon grew into despondency. We were relieved that India had pulled out of the deepest post-War recession relatively unscathed. The soundness of its cautious macro-economic management was underlined once again and the US economy is also looking like getting slowly back on...

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