The global 'farmland grab' in Ethiopia and the rest of Africa has become competitive, with companies from Asia, including India and China, joining it. AN extraordinary new process has been at work in the past few years: the aggressive entry of Indian corporations into the markets for agricultural land in Africa. At one level, this process is simply following the hoary old tradition in global capitalism of firms (often supported...

Under pressure from big business to end the political stalemate, India’s self-proclaimed anti-corruption campaigner Anna Hazare yesterday broke his 12-day fast at the Ramlila Maiden, a public ground in New Delhi. On Saturday, the Indian parliament passed an “in principle” resolution agreeing to include three of Hazare’s demands in proposed Lokpal or ombudsman legislation. Though tensions have eased, nothing has been settled. Hazare, who headed large anti-corruption protests, has backed away...

India should facilitate private sector growth in higher education, particularly in technical subjects, and should explore and develop innovative public-private partnerships (PPP) in the 12th Five-year Plan In a potential game-changer for India’s education sector, the Planning Commission has suggested that the country allow establishing institutes of higher learning that could be run for profit. “The not-for-profit tag in higher education sector should perhaps be re-examined in a more pragmatic manner so...

-Reuters   India’s food price index rose 9.03% and the fuel price index climbed 13.13% for the week ended 6 August, government data on Thursday showed. Finance minister Pranab Mukherjee termed the over 9% rate of food inflation as “not acceptable”, but expressed hope that government policies and a good monsoon will help ease prices. “Food inflation at the level of 9% is not acceptable. I do hope the measures taken to remove supply...

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...