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Business/Economy |
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RBI can’t save the rupee -
Ila Patnaik, Financial Express
RBI continued to intervene in the rupee spot and forward markets in an attempt to prevent a further depreciation of the rupee. Earlier last month, attempts to contain rupee depreciation started with raising duties on gold imports. But that did not work. Next, caps on interest rates for NRI deposits were raised. But they also did not have the desired effect. In a desperate move, RBI ordered exporters to sell half the dollars in their accounts. But the rupee continued to weaken.
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R-Infra to exit Rs 20k-cr projects on government delays -
Rachita Prasad, Economic Times
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Trade chasm with China is widening -
Mail Today
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Lower wheat procurement benefits all -
Tejinder Narang, Business Line
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Telecom cartel killed spectrum auctions; govt failed to act against them: CAG -
Joji Thomas Philip, Economic Times
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India Inc looks to scale Great Wall with next-gen biz -
Financial Express
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Grain scam: Bihar food corp ends up with chaff as rice worth Rs 535 cr vanishes from mills -
Santosh Singh, Indian Express
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How GST delay is forcing MSMEs to relocate -
Asit Manohar, Economic Times
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Where's the coal? -
Subir Gokarn, Business Standard
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Our Chinese menu keeps growing -
Nayanima Basu, Business Standard
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Big deal: Obama’s shale gas decision is a huge opportunity for India -
Seema Sirohi, FirstPost
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How India should reform its trade for the 21st century -
Jayanta Roy, Business Standard
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Revamp Indian Railways -
SN Mathur, NewIndianExpress
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Wonder why arms dealers thrive in India? -
Sruthijith K K, EconomicTimes
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Wonder why arms dealers thrive in India? -
Sruthijith KK, Economic Times
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Rating the ‘raters’ -
Ramnath Pradeep, Business Line
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Madhya Pradesh goes the Gujarat way for power -
Jyoti Mukul, Business Standard
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Crossholding in same telecom circle may go -
Surajeet Das Gupta & Aditi Phadnis, Business Standard
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The argumentative economists -
Mihir S Sharma, Business Standard
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How the Indian economy is losing competitiveness -
Niranjan Rajadhyaksha, Mint
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Private universities: Creating another entry barrier -
TV Mohandas Pai, FE
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Procurement plunge casts shadow over food Bill -
Sandip Das, Financial Express
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Drug pricing order hits few, helps many -
Financial Express
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After telecom licences and coal blocks, will bank licences be the next cash cow for the UPA? -
Mythili Bhusnurmath, Economic Times
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National Pension System subscribers earn double digit return in 2012-13 -
ET
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HSBC signals 14,000 job cuts in $3-bn savings plan -
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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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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