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Business/Economy |
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Exporters to switch half of $ holdings to R: RBI -
Financial Express
For the third time in less than a week, the Reserve Bank of India (RBI) intervened to shore up the rupee and asked exporters to convert half of their export earners’ foreign currency (EEFC) account balance into domestic currency. Market participants said the rupee, which closed 42 paise or 1.6% up against the dollar, could still come under pressure as structural issues continue to cloud the domestic economy.
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Empty malls reflect the hollowness of India story -
Ravi Teja Sharma & Vijaya Rathore, Economic Times
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Manufacturing: Getting to the 25% mark -
Nirvikar Singh, Financial Express
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Oil price collusion would be a Libor-scale scandal -
Kevin Allison, Business Standard
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Global firms bet on India's spending power -
Business Standard
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Perils of an ad hoc forex policy -
TB Kapali, Business Line
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Corus, Ranbaxy & the curse: Deals that happen in auction like atmosphere always go bad -
Brian Carvalho, Economic Times
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Dholera’s Rs70,000-crore cure for investment famine -
Sunil Jain, Financial Express
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The Internet destroyed the middle class -
Scott Timberg, Salon
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Tax evasion: Why did Sibal extend undue favours to Voda, asks AAP -
Danish Raza, FirstPost
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No buyers for FDI in multi-brand retail -
Arvind Singhal, Business Standard
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Inflation back in RBI's comfort zone -
Business Standard
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The food mountain: security or a liability? -
Renu Kohli, Mint
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Growth vs inflation control -
Ashima Goyal, Business Line
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That man from Rio -
Sanjaya Baru, Indian Express
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To the brainy, the spoils -
Economist
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All's fare in airline pricing -
Surajeet Das Gupta, Business Standard
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Ranbaxy to pay $500 mn to settle US fraud charges -
Business Standard
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Cobrapost sting: RBI finds violations by banks, insurers -
Indian Express
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China can fund India’s infrastructure -
Ajit Ranade, Mint
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Bank of America shifts some projects back to US from India -
Anirban Sen, Mint
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US Supreme Court rules for Monsanto in patent fight -
Lawrence Hurley, Mint
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Killing WTO softly -
Ritesh Kumar Singh, Business Line
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Why India Post should get a banking licence -
Tamal Bandyopadhyay, Mint
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Jobs fixed to rig freight scam probe -
Josy Joseph, Times of India
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The emergence of chief digital officer -
Uma Ganesh, Financial Express
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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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Split with Nitish will only boost BJP in Bihar -
K Balakrishnan, LensOnNews
WITH THE BJP seemingly decided on projecting Narendra Modi as its PM candidate and its close ally Nitish Kumar of JD(U) equally firm in his opposition to the idea, a split in the NDA alliance looks inevitable; most observers think it’s not a question of if, but when. |
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