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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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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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