Business/Economy
Development, the best contraceptive - Amarjeet Sinha, Business Standard
The good news in the Registrar General of India’s Sample Registration System (SRS) Statistical Report, 2010, is that the total fertility rate (TFR), which stood at 2.9 in 2005, is down to 2.5 in 2010, with 10 states attaining replacement-level fertility. The better news is that decline in fertility has been significant even in states with hitherto unsatisfactory health indicators (that were once referred to as Bimaru states). Though still three-plus in most of these states, the decline is faster than the decline in the national average.
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Reforms get stuck in FDI versus FII fight - Anandita Singh Mankotia & Dilasha Seth, Economic Times
Indian-American scientists help pharma cos stay ahead in export race - Lalatendu Mishra, Hindu
Indian to head world’s top liquor company - Boby Kurian & Reeba Zachariah, Times of India
The how & why of Railway Board posts - Avishek G Dastidar, Indian Express
10 reasons why Amartya Sen is wrong about food security bill - Vivek Kaul, FirstPost
Farming as a value chain - Surinder Sud, Business Standard
Happy trade tidings for India? - Biswajit Dhar, Mint
The biggest retailer in Uttar Pradesh - Vidhi Choudhary, Mint
How Bengal’s deposit-taking firms unravelled - Aniek Paul, Mint
India's sheikhs appeal - Bodhisatva Ganguli, Economic Times
Making Doordarshan work - Vanita Kohli-Khandekar, Business Standard
Cobrapost stings SBI, LIC, 21 other banks, insurers - Business Standard
SC clears Kudankulam plant, says it’s safe - Utkarsh Anand, Indian Express
How railway contractors & industry lobbies manipulate top rail appointments - Mahendra Singh, Economic Times
Growth pull, not MGNREGA push - Ashok Gulati, Indian Express
The oil and gold booms are over - Ruchir Sharma, Bloomberg
Why RBI should give up govt debt management - Tamal Bandyopadhyay, Mint
RBI move may deal a blow to gold jewellery business - Dinesh Unnikrishnan & Joel Rebello, Mint
India’s most innovative retailers - Sapna Agarwal, Mint
Govt's hiring policy rotten, no fix in sight - Aloke Tikku, Hindustan Times
IAF funds crunch to hit MMRCA deal - Manu Pubby, Indian Express
Whither Bengali enterprise? - Harish Damodaran, Business Line
Rangarajan panel's gas pricing formula in limbo - Animesh Singh, Pioneer
150% toll collected from unfinished E-way - Deepak Kumar Jha, Pioneer
Foreign investors betting big on Indian consumers - Dev Chatterjee & Reghu Balakrishnan, Business Standard
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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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