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...

Its facets include concentration of media ownership and the transformation of news into a commodity. THE last two decades have witnessed a dramatic transformation of India's ‘mediascape' – a term first used by Arjun Appadurai, an academic of Indian origin based in the United States, to describe how visual imagery impacts the world and to describe and situate the role of the mass media in global cultural flows. While there...

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...

The Congress-led United Progressive Alliance government’s proposed land acquisition law, a politically sensitive and critical piece of legislation that could potentially remove a big roadblock to industrial investment, aims to address rehabilitation and resettlement (R&R), providing safeguards for both land owners and livelihood losers, while clearly defining the “public purpose” for which land can be acquired by the government. “This draft Bill seeks to balance the need for facilitating land acquisition...

Kerala has not been very successful in the past to consistently attract big-ticket investments . The absence of strategic investments in key sectors has always been a hurdle in the state's path to economic prosperity. The new chief ministerOommen Chandy, known for speedy decision-making , wants to change this scenario. He has already been able to swing public opinion in his favour by addressing long-pending issues such as the Smart...