Business/Economy
UPA Government a drag on economy, says Moody's - Pioneer
On a day global rating agency Standard and Poor’s (S&P) downgraded India’s credit outlook to negative, another international agency Moody’s Analytics slammed both the Gandhi  family and the UPA Government for  the poor state of country’s economy and for failing to restart the legislative process for reforms.
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Maharashtra tomato farmers prosper from red-hot auction model - Nanda Kasabe, Financial Express
Policy paralysis hit growth - Financial Express
India inc can now land - Swaminathan S Anklesaria Aiyar, Economic Times
UPA hauled over coals on captive mine blocks - Financial Express
Uncomfortable truth about CAD - Sajjid Z Chinoy, Financial Express
Bad economics can also be bad politics - Financial Express
Funds misspent in rural plan: CAG - Prasad Nichenametla, Hindustan Times
Counting the costs of direct cash transfers - Madan Sabnavis, Business Standard
SC sees a schemer in Sahara - India Today
A paternalistic law - Shruti Rajagopalan, Indian Express
Inside the mind of Schmidt - Alan Rusbridger, Hindustan Times
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
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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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