-IBN   After failing to provide the promised land for the proposed steel plant in Gadag district, the state government has convened a meeting with the representatives of the Korean based steel giant Posco Ltd, to locate a new place in the state, Industries Minister Murugesh Nirani said here on Wednesday. While assuring the people of Gadag district that the government was very much committed to its decision of abandoning the proposal, Nirani...

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...

Bellary is only the tip of the rotting earthmound. Can a new proposed legislation clear the air? Two years ago, when the ministry of mines decided to use satellite imaging to survey projects, it unearthed several “unusual activities” across the country. “The amount of mining done and material being exported didn’t match in areas where certain companies had been given licences,” recounts a former senior bureaucrat with the mines ministry....

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...

-BBC   India will set up an environment regulator to bring in a "complete change" in the process of granting clearances for industries. PM Manmohan Singh said the regulator would also ensure the compliance of "green norms" by industry. India's environment ministry has been often embroiled in controversy over how to balance development with the preservation of the environment. This has led to the delay of a number of projects across the country. Announcing the...