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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UN urges greater appreciation of indigenous culture and creativity
-The United Nations Secretary-General Ban Ki-moon today urged the world to recognize the right of indigenous peoples to control their intellectual property, saying they needed help to protect, develop and receive fair compensation for their cultural heritage and traditional knowledge. “Indigenous peoples face many challenges in maintaining their identity, traditions and customs, and their cultural contributions are at times exploited and commercialized, with little or no recognition,” Mr. Ban said in a...
More »HRD ministry seeks Rs 45,000 cr every yr to implement RTE by Chetan Chauhan
The HRD ministry has sought Rs 45,000 crore every year from the next financial year to implement the watershed Right To Education law. It is almost double than what the ministry had received for elementary education in the 11th five year plan. In a presentation made to the Planning Commission for 12th five year plan starting from 2011-12, the ministry complained that although Rs 1.84 crore was allocated for elementary education...
More »Supreme Court verdict on Samacheer Kalvi today by J Venkatesan
The Supreme Court will pronounce its verdict on Tuesday on a batch of appeals filed by the Tamil Nadu government and others against a Madras High Court order declaring as unconstitutional the amended law to defer implementation of the Uniform System of School Education (USSE) this year. A three-judge Bench of Justices J.M. Panchal, Deepak Verma and B.S. Chauhan had reserved verdict on August 4 after marathon arguments for six days....
More »Tackling Black Economy: SC Takes Control from Government by Arun Kumar
The Supreme Court has converted a high-powered committee of the Government of India, on the issue of black money, into an SIT under its own direction. This is an expression of no-confidence in the executive. The government’s intention in tackling either the problem of black economy or bringing back the black savings stashed abroad is suspect. According to reports, the money stashed abroad by the corrupt businessmen, politicians and others...
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