The Posco project has turned into a political hot potato with the two main Opposition parties trying to extract as much out of it as possible, hoping the Rs 51000 crore project turns into another Singur. At a time when Naveen Patnaik government finds itself embroiled in a number of unsavoury controversies, including horse trading during the Rajya Sabha elections, the Congress and the BJP are looking to deliver the coup...

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been winding up its plans to set up SEZs     * As many as 28 SEZ proposals, in the government and private sector, were withdrawn or projects denotified in the last six months     * Farmer protests, land acquisition problems, economic downturn and non-feasible tax regimes are cited as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...

The Mamata Banerjee government is likely to request the Centre to amend a legislation to make contract farming “optional”, an approach that leaves some room for manoeuvre and mirrors the concerns expressed by sections of the Left on agro-marketing reforms. Arup Ray, the new minister for agricultural marketing in Bengal, today told The Telegraph that the Trinamul-led government would neither promote contract farming nor allow big players to control the agro-marketing...

-The Hindu   This pro-MNC neo-liberal framework will hit Indians It's a ploy to push for more sops to MNCs The CPI(M) on Saturday opposed the move to allow foreign direct investment (FDI) in multi-brand retail trade and called upon political parties and organisations to protest against this retrograde move. The CPI(M) Polit Bureau, in a statement, opposed the suggestion by the Inter-Ministerial Group on Inflation headed by the Chief Economic Adviser and said...

-The Times of India   An inter-ministerial group (IMG) on inflation has recommended allowing foreign direct investment in multi-product retail as one of the two steps to tame rising prices and cut down the margin between farm gate and retail prices. This is the first formal recommendation by a government panel to allow FDI in the tightly policed and sensitive retail sector. "It is time for India to allow foreign direct investment in...