Business/Economy
The greatest challenge - Amitabh Kant, Times of India
The city of Tughlaqabad, the previous incarnation of Delhi, was abandoned in the 14 {+t} {+h} century due to severe water shortage. Akbar's capital at Fatehpur Sikri was abandoned in 1585 due to paucity of water. Leading global cities like Sheba and Babel declined and subsequently disappeared because water sources had dried up. The destiny of some of the greatest cities of the world like New York, London, Paris and Rome have been shaped by water.
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The chit fund meltdown - Sumanta Ray Chaudhuri, Hindustan Times
Panel slams PC for unreal nos - Times of India
All coal blocks awarded after 1993 illegal: Panel - Sanjay Dutta & Mohua Chatterjee, Times of India
Notice to Centre on Tamil Nadu's plea for setting up of Cauvery Board - J Venkatesan, Hindu
The much-required bitter pill - Atul Chandra, Financial Express
Free the skies for India too - Kushan Mitra, Pioneer
Are we missing the big picture? - Sidharth Birla, Financial Express
Coming full circle on insurance - Tapen Sinha, Indian Express
Time is running out for the power sector - Vikram Limaye, Mint
JPC report contradicts SC findings in 2G scam - Shalini Singh, Hindu
Swiss bank connection in M&A deals - Sachin P Mampatta, Business Standard
New procurement policy to boost India's self-reliance in arms - Ajai Shukla, Business Standard
FAA okays resumption of Dreamliner aircraft - PTI
Manna from heaven, or a new recession? - SA Aiyar, Times of India
Time for some ground work - Sumit Mazumder, Business Line
Cong vs Cong: Centre, AP govt in mining row - Subodh Ghildiyal, Times of India
CAG report: Cost of 242 water projects in Maharashtra up by Rs 26,000 cr, none completed - Indian Express
Why property is biggest con-job on investors - R Jagannathan, Money Control
We still live in the dark ages... - Mitul Thakkar, Economic Times
For whom the road tolls - MP Pinto, Business Standard
SC allows 18 more Karnataka mines to resume operations - Business Standard
Land Acquisition bill: India a step closer to a new land law - Liz Mathew & Elizabeth Roche, Mint
Drilling holes in the Thirst Economy - P Sainath, Hindu
Team including Indian develops Tamiflu rival - Subodh Varma, Times of India
India now in position of a thought leader on pharma patents - Kiran Mazumdar Shaw, 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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