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...

If Rajiv Gandhi were alive, he would have been delighted to see his view on leakages confirmed by a research study on the public distribution system [How Can Food Subsidies Work Better? Answers from India and the Philippines by Shikha Jha and Bharat Ramaswami (http://www.adb.org/documents/working-papers/2010/economics-wp221.pdf)]. The ADB study showed that the deserving poor in India received only 10 per cent of the benefits from the system. Nearly twice accrues to...

The current debate on the Lokpal Bill is split along two lines: the UPA’s draft and that of Team Anna Hazare. But now, not just the political establishment, other sections of “civil society” are standing up to call for a wider debate and cautioning against a rush to push any version through. So while the Sonia Gandhi-led National Advisory Council may have made it clear that it wouldn’t discuss the Lokpal...

The episodes of violence in land acquisition by the government, as witnessed recently in Bhatta-Parsaul in Uttar Pradesh and in other states earlier, occur because patterns of violence are inbuilt into the process. Despite a bill pending in Parliament since 2007, there has been little effort by political parties to evolve a consensus on acquisition of agricultural land for non-agricultural purposes. The law as at present and also the provisions...

Almost 65 years after Mahatma Gandhi used "satyagraha" or "truth force" to lead a movement against British rule in India, Gandhism is back, this time facing an enemy more pernicious than colonialism: corrupt politicians, bureaucrats and businessmen stashing stolen wealth abroad. The two foremost leaders of India’s anti-corruption movement, Anna Hazare and Baba Ramdev, are deploying satyagraha’s most potent weapon – fasting – with telling effect on the government. On Thursday, Hazare...