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...

Karnataka: The report of the Task Force on encroachment of government land is likely to suffer a silent death. IT was clear to V. Balasubramanian, the Chairman of the Task Force for Recovery of Public Land and its Protection, when he submitted his report on encroachment of government land that it would ruffle quite a few feathers in the political and bureaucratic echelons of Karnataka. What he was unprepared for...

DESPITE WHAT our reel-life heroes have shown us, perhaps it’s only possible to fight one villain at a time. Still, in his last few days on the job, Karnataka Lokayukta Santosh Hegde tried to battle two evils, with two reports that presented damning evidence of corruption in the BJP government. The first report, on illegal mining, had enough firepower to systematically dig holes in the state government. The second report,...

The (word) games we play to avoid dealing with the problems of some of the poorest Indians. It's strange season again in the corridors of planning and power — the run up to the 12th Five-Year Plan. This is when myriad Planning Commission committees review the (somewhat predictable) non-implementation of policies intended to benefit some of the poorest Indians, and recommend changes, only to repeat the exercise five years later. Forgive my...

-The Business Standard   The Supreme Court decision banning both mining and movement of ore in Bellary district in Karnataka, following the Lok Ayukta report, is excessive. The blanket ban penalises even those who did nothing wrong. While the outrage over the illegal profiteering of over Rs 12,000 crore by a politician-operator-bureaucrat combine is understandable, applying the brakes on all mining and related activity in the district is an undifferentiated response. The...