With nearly 800 million people unable to read or write, the United Nations today marked International Literacy Day with a warning that illiteracy undermines efforts to eliminate a host of social ills such as poverty and sickness and threatens the very stability of nations. “The costs are enormous,” Secretary-General Ban Ki-moon said in a message. “Illiteracy exacerbates cycles of poverty, ill-health and deprivation. It weakens communities and undermines democratic processes through...

-The Economic Times   There seems to be no end to Posco's hurdles in the land acquisition and construction drive for its proposed 12-million-tonne steel plant near Paradip, even as the South Korean steel major has agreed not to insist on an important import clause in its lapsed agreement with the Orissa government. Even supporters of Posco in the project-affected villages have turned hostile and are now totally opposed to felling of...

-PTI   The South Korean based Posco wants to exchange high alumina content iron ore with low alumina content mineral within the country Though Posco had agreed not to insist on the import clause in the lapsed memorandum of understanding (MoU) with Orissa government, it wanted swapping of iron ore within the country. “Posco-India has given its consent to delete import clause from the lapsed MoU. However, it wants swapping of iron ore within...

Farmers in Gadag district who succeeded in making the government revisit its decision to acquire land for housing South Korea’s Posco Steel Company, are now facing the prospect of their land being acquired for setting up agro-based industries. The government has decided to keep land ready in view of the Global Agri-Business Investment and Food Processing Meet 2011. This time, instead of Halligudi, over 3,800 acres in Petalur, Jantli-Shirur and Mevundi...

-The Business Standard   Even as Posco India is yet to submit a written response on the draft prepared for renewal of Memorandum of Understanding (MoU) with the Orissa government, the company is understood to have raised certain reservations over the omission of the iron ore swapping clause in the revised pact. While Posco has verbally agreed not to export iron ore from Orissa, the steel maker has requested the state government to...