TODAY, India is considered around the world as a rapidly developing country posting economic growth rates of around 8-9 percent consistently over the last several years. Along with China, which is much further ahead, India is seen as a powerhouse of the global economy in the decades to come and already it is home to a very large number of dollar billionaires, perhaps the largest such number in Asia. In...
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Orissa to renew MoU with Posco by June end by Nageshwar Patnaik
Orissa is all set to renew its memorandum of understanding (MoU) with steel major Posco with a one-year retrospective effect by June 30th. The MoU for the proposed 12 million ton steel plant had expired on June 22, 2010 after a period of five years. State steel and mines minister Raghunath Mohanty said all formalities required for renewal of the MoU will be over shortly and the government would revalidate...
More »Delhi delusions by Ramachandra Guha
A Tamil economist, the late S. Guhan, used to say that Delhi was a capital in search of a country. I was reminded of that remark during the fortnight of May 29 to June 11, 2011. In that fortnight, if one watched the ‘national’ channels or read the ‘national’ newspapers, one would think all of India was involved in one way or the other with the ideas and practices of...
More »BJP to oppose captive port and Iron Ore swapping for Posco
-IBN Asking the Orissa government to consult opposition political parties before signing fresh MoU with Posco-India, BJP today said it would oppose any move to allow a captive port and Iron Ore swapping for the proposed steel project."In order to safeguard the interest of the state, the government must hold consultations with opposition parties and take their views on Posco project before signing the fresh MoU," senior BJP leader and...
More »Posco: Orissa defers decision on new MoU by Debabrata Mohanty
The Orissa government would wait for the views of its department secretaries in the next two weeks before taking a call on the renewal of the MoU with Posco. A high-level meeting of chaired by Chief Secretary B K Patnaik on Tuesday deferred a decision on recommending the revised Posco MoU to the Chief Minister as several department secretaries indicated that they needed time to study the new points. The government...
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