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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Animal experts at UN-backed conference are ‘concerned’ about trade in animals and skins
-The United Nations Animal experts from 50 countries meeting at a United Nations-backed conference today expressed concern about the sustainability of current levels of trade in snake skins used in luxury products and another 20 animal species used in biomedical research, the food industry or as pets. More than 200 scientists conferring in the 25th meeting of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) animal...
More »In The Deep End by Chander Suta Dogra
Eco-activism has Punjab’s polluters in a tizzy Operation Clean-Up * Industrial and organic pollution from the Sutlej and the Beas is affecting southern districts of Punjab and parts of Rajasthan * A popular movement straddling both states and helmed by eco-activist Baba Balbir Singh * Seechewal has the election-bound state government worried * Seechewal organised a massive exercise to prevent the Kala Sanghian, a highly polluted Sutlej tributary, from draining...
More »A Sezpool Of Factors by Smruti Koppikar
Roadblocks Ahead * The MIDC has been winding up its plans to set up SEZs * As many as 28 SEZ proposals, in the government and private sector, were withdrawn or projects denotified in the last six months * Farmer protests, land acquisition problems, economic downturn and non-feasible tax regimes are cited as reasons for developers backing out. CM Prithviraj Chavan too exercises great caution. *** Mandated to create industrial opportunities in...
More »Neoliberal illogic by Prabhat Patnaik
The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....
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