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Business/Economy |
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India chopper deal: Italy probes Euro 51-mn payment to consultant -
Manu Pubby, Indian Express
In its biggest ever probe into corruption in defence deals, Italy is investigating allegations that helicoptermaker Agusta Westland paid a commission of Euro 51 million (over Rs 350 crore) to a Switzerland-based consultant for a deal to sell 12 VVIP choppers to India. Reports in major Italian newspapers like La Repubblica and Il Messaggero say investigators raided the Swiss offices of the consultant, Guido Ralph Haschke, after a former top employee of the helicopter company revealed that he was hired to “facilitate” the Rs 3,546-crore deal with India.
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Cos with captive coal mines may be allowed to produce & sell surplus -
Subhash Narayan, Arun S, Financial Express
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IMD forecasts normal monsoon at 98% of long period average -
P Sunderarajan, Hindu
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'History-sheeters, shady builders running channels' -
Times of India
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Saradha-hit govt plans ordinance teeth for Sebi -
Subhomoy Bhattacharjee, Indian Express
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Jet-Etihad deal shows again why Naresh Goyal is the king of the policy jungle -
Javed Sayed, Economic Times
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A strange way to price gas -
M Ramesh, Business Line
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The flesh was weak -
Bhupesh Bhandari, Business Standard
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Posco plods along despite setbacks -
Dillip Satapathy, Business Standard
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Cheat fund: State failed, but so has centre -
Vinay Pandey, ET
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How the Jet-Etihad deal was struck -
PR Sanjai, Mint
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The answer to the CAD lies within -
Sajjid Z Chinoy, Financial Express
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Land lease is an idea whose time has come -
N C Saxena, Business Standard
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India should cut rates, take on Chinese goods: Roubini -
Ruchira Roy & Gayatri Nayak, Economic Times
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Rs 4,000 cr at stake, SEBI asks Bengal to probe five more chit fund companies -
Madhuparna Das, Indian Express
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Etihad picks up 24% stake in Jet Airways for Rs 2,050 cr -
Business Line
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Breaking the telecom logjam -
Mahesh Uppal, Financial Express
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Roubini says India far from doomsday, can better BRICS peers -
Indian Express
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Get real. More growth=less jobs -
Ashoak Upadhyay, Business Line
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West Bengal's 'chit fund'-fuelled media boom -
Digbijay Mishra, Business Standard
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Maharashtra tomato farmers prosper from red-hot auction model -
Nanda Kasabe, Financial Express
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Policy paralysis hit growth -
Financial Express
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India inc can now land -
Swaminathan S Anklesaria Aiyar, Economic Times
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UPA hauled over coals on captive mine blocks -
Financial Express
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Uncomfortable truth about CAD -
Sajjid Z Chinoy, Financial Express
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Bad economics can also be bad politics -
Financial Express
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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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Split with Nitish will only boost BJP in Bihar -
K Balakrishnan, LensOnNews
WITH THE BJP seemingly decided on projecting Narendra Modi as its PM candidate and its close ally Nitish Kumar of JD(U) equally firm in his opposition to the idea, a split in the NDA alliance looks inevitable; most observers think it’s not a question of if, but when. |
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