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Business/Economy |
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Industries can now purchase power from open market -
Sarita C Singh, ET
The government has invoked special powers under the Electricity Act and directed the central and state regulators to implement a long-pending reform to allow industrial consumers to buy cheaper power from the open market. The move will help 15,000 large consumers particularly the sick textile, cement and steel industrial units in states like Punjab and Tamil Nadu by ensuring regular supply of electricity at competitive rates and boost business of power bourses and 52 power traders including NTPC, PTC India, Tata Power, Reliance Infrastructure, Jindal Steel, Essar Power, JSW Energy, GMR Energy and Indiabulls.
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No buyers for FDI in multi-brand retail -
Arvind Singhal, Business Standard
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Inflation back in RBI's comfort zone -
Business Standard
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The food mountain: security or a liability? -
Renu Kohli, Mint
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Growth vs inflation control -
Ashima Goyal, Business Line
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That man from Rio -
Sanjaya Baru, Indian Express
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To the brainy, the spoils -
Economist
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All's fare in airline pricing -
Surajeet Das Gupta, Business Standard
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Ranbaxy to pay $500 mn to settle US fraud charges -
Business Standard
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Cobrapost sting: RBI finds violations by banks, insurers -
Indian Express
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China can fund India’s infrastructure -
Ajit Ranade, Mint
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Bank of America shifts some projects back to US from India -
Anirban Sen, Mint
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US Supreme Court rules for Monsanto in patent fight -
Lawrence Hurley, Mint
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Killing WTO softly -
Ritesh Kumar Singh, Business Line
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Why India Post should get a banking licence -
Tamal Bandyopadhyay, Mint
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Jobs fixed to rig freight scam probe -
Josy Joseph, Times of India
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The emergence of chief digital officer -
Uma Ganesh, Financial Express
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The rise and rise of MNC R&D -
Sudhir Chowdhary, Financial Express
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Will the real inflation rate stand up please? -
Rajeev Malik, Business Standard
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Clean chits -
Sushila Ravindranath, Indian Express
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Here's why Food Bill will cost more than we think -
Prachi Mishra, Economic Times
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H-1B visas biggest worry; new rules to hit Cognizant and TCS most -
N Shivapriya, Economic Times
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Jet-Etihad Deal: Has government tweaked national policy to pave way for it? -
Binoy Prabhakar, Economic Times
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Cyber bank heist spans 27 countries -
Jessica Dye, Joseph Ax & Jim Finkle, Reuters
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Posco closer to iron ore access on SC decision -
Financial Express
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India, US to jointly develop, produce defence equipment -
Pranab Dhal Samanta, Indian 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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