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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Industrial growth slows to 20-yr low of 1% in 2012-13 - Times of India
The flip-side of Bansal: Thriving black market of government jobs - Saubhik Chakrabarti, Economic Times
How do you prevent rupee trades? - Ila Patnaik, FinancialExpress
Delhi Press's bold gamble - Vanita Kohli-Khandekar, BusinessStandard
Squeezing India's airports - Bhupesh Bhandari, BusinessStandard
Configuring a 'non-toothless' Trai - Shyam Ponappa, Business Standard
Rs 28,000-crore IAF order up for grabs - Ajai Shukla, Business Standard
Foreign chains get leeway on back-end investments - Nivedita Mookerji & Nayanima Basu, Business Standard
Foreign airlines may soon get nod to fly Airbus A380 into India - Tarun Shukla, Mint
Murdoch’s Game Theory - Anushree Chandran, Financial Express
The end of social democracy - Manas Chakravarty, Mint
Who creates jobs? - Economist
Credit squeeze shackles exports - Anil Sasi, Indian Express
MCA agonised over fraud probe as cheat funds ran riot - Ashish Sinha & Rishi Raj, Financial Express
Reforms get stuck in FDI versus FII fight - Anandita Singh Mankotia & Dilasha Seth, Economic Times
Indian-American scientists help pharma cos stay ahead in export race - Lalatendu Mishra, Hindu
Indian to head world’s top liquor company - Boby Kurian & Reeba Zachariah, Times of India
The how & why of Railway Board posts - Avishek G Dastidar, Indian Express
10 reasons why Amartya Sen is wrong about food security bill - Vivek Kaul, FirstPost
Farming as a value chain - Surinder Sud, Business Standard
Happy trade tidings for India? - Biswajit Dhar, Mint
The biggest retailer in Uttar Pradesh - Vidhi Choudhary, Mint
How Bengal’s deposit-taking firms unravelled - Aniek Paul, Mint
India's sheikhs appeal - Bodhisatva Ganguli, Economic Times
Making Doordarshan work - Vanita Kohli-Khandekar, Business Standard
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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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