Business/Economy
How the black economy subverts India’s politics - Minhaz Merchant, ToI
How much does it cost to run a political party? If you go by the audited balance sheet of the Congress for 2009-10 (the latest available), the answer is Rs 525.97 crore. This is a party with several million workers, offices in every one of our 35 states and union territories (UTs) and which fights an average of seven assembly elections each year.
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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
Why get fixated about wheat export prices - Tejinder Narang, Business Line
Gold wipes $560 billion from reserves of central banks as equities rally - Debarati Roy & Joe Richter, Bloomberg
Rs 4,000-crore boost coming for exporters - Business Line
Cheaper oil, coal, gold can reignite foreign investment on right signals from govt - Economic Times
Ad-hocism in governance hurting image: Gopalakrishnan - HT
Fall in India’s military spend - Telegraph India
Competing with Cambodia - Devesh Kapur, Business Standard
A golden breakthrough - Renu Kohli, Mint
Let’s not piss away agriculture - Sunil Jain, Financial Express
US immigration reforms can be a passport to failure for IT - Economic Times
Dear FM, say it like this - Laveesh Bhandari, Economic Times
Government to allow telecom firms to share spectrum - Shauvik Ghosh, Mint
The higher education racket in India - Rajeev Mantri & Harsh Gupta, Mint
App-solutely brilliant! - Sharad Raghavan, Financial Express
Delhi Govt set to follow Gujarat model - Rajesh Kumar, Pioneer
Money for nothing as Dow flies - Sandeep Bamzai, India Today
Manufacturing drought, Maharashtra style! - Geeta Nair, Indian Express
Wary agencies want CAG to vet future projects - Dipak Kumar Dash, ToI
Cut the rates, never mind the spreads - Shobhana Subramanian, Financial Express
Goa corporate honchos chant NaMo mantra - Mayabhushan, Pioneer
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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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