Business/Economy
Fully charged to power ahead - TOI
The power industry is feeling fully charged. Consumers will be able to see the light in the coming years as the Budget measures make fuel a little more affordable, reduce funding costs and ease tax burden for generators.
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CBI alleges ‘illegalities' in allocation, accuses coal min of non-cooperation - Utkarsh Anand, Financial Express
Dealing with digital dividend - RRN Prasad, Indian Express
India losing competitiveness - Niranjan Rajadhyaksha, Mint
Rajan urges approval of insurance Bill - Asit Ranjan Mishra, Mint
India may grow at 6.1% this fiscal: World Bank - Remya Nair, Mint
Is SMS Dead? - Rohit Bansal, Pioneer
The curious case of 5,984 Kalawatis in Sahara list - Appu Esthose Suresh, Indian Express
Will Unilever's offer to raise stake in HUL mark the start of the end of equity culture? - Shaji Vikaraman, Economic Times
Chit funds’ affairs with sports, films face probe - Ashish Sinha, Financial Express
A hydel boom runs dry - M Rajshekhar, Economic Times
Failing the urbanization test - Elizabeth Roche, Liz Mathew & Shamsheer Yousaf, Mint
839 FM channels to come up in 294 small cities - Himanshi Dhawan & Nitin Sethi, Times of India
China's rebalancing act - Ila Patnaik, Indian Express
Seeking coal comfort - Ashok Malik, Times of India
Govt's anti-black money dept left toothless - pradeep thakur, Times of India
India Inc short on sales, long on profits - Krishna Kant, Business Standard
Imports from Pak touch $500-m mark for 1st time - Kirtika Suneja, Financial Express
India seeks to benefit from Afghanistan reconstruction - Huma Siddiqui, Financial Express
In the ‘pharmacy of the world’ - PT Jyothi datta, Business Line
Fate of key economic Bills hangs in the balance - Shishir Sinha, Business Line
Cos with captive coal mines may be allowed to produce & sell surplus - Subhash Narayan, Arun S, Financial Express
IMD forecasts normal monsoon at 98% of long period average - P Sunderarajan, Hindu
'History-sheeters, shady builders running channels' - Times of India
Saradha-hit govt plans ordinance teeth for Sebi - Subhomoy Bhattacharjee, Indian Express
Jet-Etihad deal shows again why Naresh Goyal is the king of the policy jungle - Javed Sayed, Economic Times
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Verbatim

There was for years an old "social contract" between politicians and business. This provided for complex rules and regulations that made it impossible to do business honestly in many fields. But it was possible to do business dishonestly, through pay-offs . Some called this "efficient corruption" : politicians took money and delivered clearances. However, the anti-corruption mood of the courts, and new fears of getting caught (like Pawan Bansal) have ended "efficient corruption" . Politicians may still take money but not deliver on clearances , what some call "inefficient corruption" that freezes investment and growth. The old social contract has broken down.
Swaminathan SA Aiyar
 

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