Business/Economy
India's energy policy not aligned with manufacturing goal - Noor Mohammad, FE
India needs to act fast in key areas like phasing-out of fuel subsidies, reduction in state electricity board’s commercial losses and investment in energy and power infrastructure if it has to speed up its economic growth momentum. The current climate of policy complacency on the energy front is not conducive to the country’s long-term growth objective. Despite being heavily dependent on imports for meeting its petroleum products requirements, natural gas and coal, the country is subsidising its energy consumption in a big way.

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Rating the ‘raters’ - Ramnath Pradeep, Business Line
Madhya Pradesh goes the Gujarat way for power - Jyoti Mukul, Business Standard
Crossholding in same telecom circle may go - Surajeet Das Gupta & Aditi Phadnis, Business Standard
The argumentative economists - Mihir S Sharma, Business Standard
How the Indian economy is losing competitiveness - Niranjan Rajadhyaksha, Mint
Private universities: Creating another entry barrier - TV Mohandas Pai, FE
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
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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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