Business/Economy
Warts and all, micro finance is working - PN Vasudevan, Hindu
Though micro finance has existed in India for a long time, it has emerged as an organised sector only in the past decade or so. Micro finance is about giving small loans on reasonable terms to people, mostly women, from low income groups who do not have access to loans from banks. Most people from low income groups are self-employed and tiny loans help them meet the working capital needs of such activities, besides consumption smoothing.
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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
Why the India Story is intact - C Rangarajan, Business Line
Why Chidu and Subbu still can't see eye-to-eye - R Jagannathan, Money Control
The price of regulators' ignorance - Debashis Basu, Business Standard
How Vijay Singla rose to riches and ran the show for Pawan Bansal - FirstPost
Bribery, the ‘speed money’ that puts brakes on India’s retail growth - FirstPost
The app store battle - V Sridhar & S R Raja, Business Standard
Gujarat: The sunshine State - Darshan Desai, Hindu
India to develop Iranian port Chabahar - Atul Aneja, Hindu
Manhole ahead - Lola Nayar, Outlook India
Silicon Valley’s start-up machine - Nathaniel Rich, NYT
Drilling deep for success - Sunjoy Joshi, Times of India
Reality check on land - Yoginder K Alagh, Indian Express
Narendra Modi cements his ties with India Inc with Mumbai talk - Economic Times
The interest rate-growth disconnect - Madan Sabnavis, Financial Express
Just export some of that grain mountain - Tejinder Narang, Business Line
Panchayats take first steps towards digital empowerment - Anuja, Mint
Current governance deficit - Business Today
Child malnutrition in India - Arvind Panagariya, Times of India
Indian agri can go places - Salil Singhal, Business Line
Mistry's power of one - Brian Carvalho, Economic Times
51% FDI in multi-brand retail OK: SC - Dhananjay Mahapatra, Times of India
Broadcasters-ad agencies spat over billing continues as ads stay off air - Gaurav Laghate & Viveat Susan Pinto, Business Standard
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Verbatim

The UPA 2 government was conceived in corruption – and never really recovered from that taint. Right from the day the election results came in, the back-channel negotiations began for the reappointment of A Raja as Telecom Minister to advance the interests of certain telecom majors (in return for illegal gratification). It was an enterprise which set the stage for India’s biggest corruption scandal and virtually set the political tone for the rest of the four years. As subsequent exposes have established, Manmohan Singh and other key Ministers knew full well that mischief was afoot, but pointedly looked the other way. That was the beginning of the slide, and the UPA government in general – and Manmohan Singh in particular – was mortally wounded from that episode. But rather than press ahead with remedial action, the government slid further into the cesspool of corruption.
Venky Vembu
 

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