Business/Economy
Getting the airline sector out of a tailspin - Amit Kapoor, Mint
It does not require much thought to see that the airline industry in India is in a shambles. Whatever be the parameter—be it chronic underperformance of airline companies, poor customer service and unions that consider collusive action a matter of right—the sector is in decline.
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Saradha-hit govt plans ordinance teeth for Sebi - Subhomoy Bhattacharjee, Indian Express
Jet-Etihad deal shows again why Naresh Goyal is the king of the policy jungle - Javed Sayed, Economic Times
A strange way to price gas - M Ramesh, Business Line
The flesh was weak - Bhupesh Bhandari, Business Standard
Posco plods along despite setbacks - Dillip Satapathy, Business Standard
Cheat fund: State failed, but so has centre - Vinay Pandey, ET
How the Jet-Etihad deal was struck - PR Sanjai, Mint
The answer to the CAD lies within - Sajjid Z Chinoy, Financial Express
Land lease is an idea whose time has come - N C Saxena, Business Standard
India should cut rates, take on Chinese goods: Roubini - Ruchira Roy & Gayatri Nayak, Economic Times
Rs 4,000 cr at stake, SEBI asks Bengal to probe five more chit fund companies - Madhuparna Das, Indian Express
Etihad picks up 24% stake in Jet Airways for Rs 2,050 cr - Business Line
Breaking the telecom logjam - Mahesh Uppal, Financial Express
Roubini says India far from doomsday, can better BRICS peers - Indian Express
Get real. More growth=less jobs - Ashoak Upadhyay, Business Line
West Bengal's 'chit fund'-fuelled media boom - Digbijay Mishra, Business Standard
Maharashtra tomato farmers prosper from red-hot auction model - Nanda Kasabe, Financial Express
Policy paralysis hit growth - Financial Express
India inc can now land - Swaminathan S Anklesaria Aiyar, Economic Times
UPA hauled over coals on captive mine blocks - Financial Express
Uncomfortable truth about CAD - Sajjid Z Chinoy, Financial Express
Bad economics can also be bad politics - Financial Express
Funds misspent in rural plan: CAG - Prasad Nichenametla, Hindustan Times
Counting the costs of direct cash transfers - Madan Sabnavis, Business Standard
SC sees a schemer in Sahara - India Today
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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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