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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Tackling Black Economy: SC Takes Control from Government by Arun Kumar
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...
More »The Tyranny of AFSPA and Why it a Scar on Democracy by Babloo Loitongbam
This paper was presented at the Regional Workshop on War on Terror and Asian Democracy 17 May 2011, Kim Dae-Jung Convention Centre, South Korea organised by Solidarity for Democratization Movement in Asia (SDMA) Introduction In the discourse on terrorism and counter terrorism, September 11 stands as a watershed because of the attack on the World Trade Centre in 2001. Government of India (GoI) also took full advantage of the ‘War on Terror’...
More »Centre informs Supreme Court of the high level committee to probe black money cases by J Venkatesan
The Centre on Monday informed the Supreme Court that it had constituted a high level committee comprising the heads of various probe agencies and specialised departments under the aegis of the Department of Revenue to monitor the investigation of all aspects relating to black money. Solicitor General Gopal Subramaniam told a Bench of Justice B. Sudershan Reddy and Justice S.S. Nijjar that the 10-member committee, headed by the Revenue Secretary, would...
More »Stage set for violent clashes between police and Posco baiters
The Posco opponents have thrown a direct challenge to the police and civil authorities by breaking the road leading to Jtadhari, where the South Korean steel major has proposed to put up a captive port. The authorities are gearing up for starting work at the steel plant project site near Paradip after the union ministry of environment and forest cleared Posco-India's proposal to set up a 12 million ton steel plant,...
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