Jairam Ramesh, India's environment minister, will make a decision in the next week that could define the future of the country: whether to approve a $12 billion South Korean-owned steel plant, the largest potential foreign direct investment ever on the subcontinent. The plant, proposed by South Korea's Posco, has been in the works for years. It already has been cleared by the environment ministry, which Mr. Ramesh runs, and endorsed by...

Media-corporate links are structural. But journalists, certainly entrenched ones, can choose whether they wish to be stenographers or not. It was gratifying to have the head of India's most reputed business house confirm the existence of crony capitalism in the country. True, others have believed this for 20 years but it carries more weight when Ratan Tata says so. As he put it in a television interview with admirable candour: “Yes,...

A forest panel examining any potential violation of forest laws for a proposed steel mill by South Korea's POSCO in Orissa has recommended temporary withdrawal of existing permits, Environment Minister Jairam Ramesh said on Monday. The long-delayed plant in India's eastern state of Orissa has been stalled by protests and environmental reports spearheaded by Jairam Ramesh, who has scrapped many big-ticket projects including some by London-listed miner Vedanta Resources Plc. POSCO is...

Prosen Sam is a beneficiary of land reforms. Once a landless labourer, his life changed after the Left Front government gave him a three-bigha plot in 1984. “I am still a farmer but my sons have their own businesses,” boasted the 65-year-old resident of Kurumba village in Birbhum, a proud participant in Friday’s rally by the Left Front’s farmer wings in Metro Channel. The meeting, attended by around 4,000 people from across...

Uttar Pradesh is not a state readily associated with dynamic economic reform. But the state has taken giant strides in reforming one of the least reformed industries in India: the sugar industry. The country’s second largest sugar producing state after Maharashtra is undertaking an aggressive privatisation of its state-owned sugar mills. It has, just recently, successfully sold off 10 of the 11 operating units of the state’s Sugar Corporation to...