Business/Economy
Getting growth back - Chandrajit Banerjee, Hindu
A fresh spurt in growth can only come from boosting investor sentiment. Industrial production data released earlier this month confirmed that the Indian economy was passing through a prolonged phase of deceleration. Gross domestic product (GDP) growth in the just-concluded fiscal year is expected to have dropped by 1.5 percentage points to 6.9 per cent over the previous fiscal, led primarily by slowdown in industrial growth rate.

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Procurement plunge casts shadow over food Bill - Sandip Das, Financial Express
Drug pricing order hits few, helps many - Financial Express
After telecom licences and coal blocks, will bank licences be the next cash cow for the UPA? - Mythili Bhusnurmath, Economic Times
National Pension System subscribers earn double digit return in 2012-13 - ET
HSBC signals 14,000 job cuts in $3-bn savings plan - Business Standard
Empty malls reflect the hollowness of India story - Ravi Teja Sharma & Vijaya Rathore, Economic Times
Manufacturing: Getting to the 25% mark - Nirvikar Singh, Financial Express
Oil price collusion would be a Libor-scale scandal - Kevin Allison, Business Standard
Global firms bet on India's spending power - Business Standard
Perils of an ad hoc forex policy - TB Kapali, Business Line
Corus, Ranbaxy & the curse: Deals that happen in auction like atmosphere always go bad - Brian Carvalho, Economic Times
Dholera’s Rs70,000-crore cure for investment famine - Sunil Jain, Financial Express
The Internet destroyed the middle class - Scott Timberg, Salon
Tax evasion: Why did Sibal extend undue favours to Voda, asks AAP - Danish Raza, FirstPost
No buyers for FDI in multi-brand retail - Arvind Singhal, Business Standard
Inflation back in RBI's comfort zone - Business Standard
The food mountain: security or a liability? - Renu Kohli, Mint
Growth vs inflation control - Ashima Goyal, Business Line
That man from Rio - Sanjaya Baru, Indian Express
To the brainy, the spoils - Economist
All's fare in airline pricing - Surajeet Das Gupta, Business Standard
Ranbaxy to pay $500 mn to settle US fraud charges - Business Standard
Cobrapost sting: RBI finds violations by banks, insurers - Indian Express
China can fund India’s infrastructure - Ajit Ranade, Mint
Bank of America shifts some projects back to US from India - Anirban Sen, Mint
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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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