Business/Economy
Sign return bond and go to US, doctors told - Hindu
Any doctor travelling to the U.S. for higher medical studies from this year onward will have to sign a bond with the Government promising to return to India after completing his/her studies. This has been done to prevent doctors from leaving the country on the pretext of higher studies and eventually settling down there.

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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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