Business/Economy
It’s advantage Tokyo in India-Japan economic pact - Timsy Jaipuria, FE
Since the India-Japan Comprehensive Economic Partnership Agreement (Cepa) took effect last August, trade between the two countries has grown a bit faster compared with the traditional growth. However, this is in favour of Japan. Though it is too early to arrive at definite conclusions, the trend up to March signals Tokyo successfully using tariff cuts to penetrate deeper into the Indian market for goods.
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India's sheikhs appeal - Bodhisatva Ganguli, Economic Times
Making Doordarshan work - Vanita Kohli-Khandekar, Business Standard
Cobrapost stings SBI, LIC, 21 other banks, insurers - Business Standard
SC clears Kudankulam plant, says it’s safe - Utkarsh Anand, Indian Express
How railway contractors & industry lobbies manipulate top rail appointments - Mahendra Singh, Economic Times
Growth pull, not MGNREGA push - Ashok Gulati, Indian Express
The oil and gold booms are over - Ruchir Sharma, Bloomberg
Why RBI should give up govt debt management - Tamal Bandyopadhyay, Mint
RBI move may deal a blow to gold jewellery business - Dinesh Unnikrishnan & Joel Rebello, Mint
India’s most innovative retailers - Sapna Agarwal, Mint
Govt's hiring policy rotten, no fix in sight - Aloke Tikku, Hindustan Times
IAF funds crunch to hit MMRCA deal - Manu Pubby, Indian Express
Whither Bengali enterprise? - Harish Damodaran, Business Line
Rangarajan panel's gas pricing formula in limbo - Animesh Singh, Pioneer
150% toll collected from unfinished E-way - Deepak Kumar Jha, Pioneer
Foreign investors betting big on Indian consumers - Dev Chatterjee & Reghu Balakrishnan, Business Standard
Why the India Story is intact - C Rangarajan, Business Line
Why Chidu and Subbu still can't see eye-to-eye - R Jagannathan, Money Control
The price of regulators' ignorance - Debashis Basu, Business Standard
How Vijay Singla rose to riches and ran the show for Pawan Bansal - FirstPost
Bribery, the ‘speed money’ that puts brakes on India’s retail growth - FirstPost
The app store battle - V Sridhar & S R Raja, Business Standard
Gujarat: The sunshine State - Darshan Desai, Hindu
India to develop Iranian port Chabahar - Atul Aneja, Hindu
Manhole ahead - Lola Nayar, Outlook India
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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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