Business/Economy
A better policy for land - Dhanmanjiri Sathe, Economic Times
It is time to raise some important issues related to the impending legislation on the Land Acquisition Bill. Land acquisition is not quite kosher in India, even though it is clear that higher growth requires increasing amounts of land being shifted to nonagricultural purposes. There is some squeamishness with respect to land acquisition in India, and it increases when fertile, irrigated land is involved. Acquisition of fertile land could be discussed from the point of view of India's food security, point of view of the buyers and sellers of land.
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How deep is the malaise in the Indian Railways? - Samar Jha, Business Standard
Why India needs ambitious projects - Mint
Retail tale: First, get the basics right - Arvind Singhal, Financial Express
Politician families in business: What aided their meteoric rise - John Samuel Raja D, Economic Times
The making of Rotavac - Jacob P Koshy, Mint
R-Infra to exit Rs 20k-cr projects on government delays - Rachita Prasad, Economic Times
Trade chasm with China is widening - Mail Today
Lower wheat procurement benefits all - Tejinder Narang, Business Line
Telecom cartel killed spectrum auctions; govt failed to act against them: CAG - Joji Thomas Philip, Economic Times
India Inc looks to scale Great Wall with next-gen biz - Financial Express
Grain scam: Bihar food corp ends up with chaff as rice worth Rs 535 cr vanishes from mills - Santosh Singh, Indian Express
How GST delay is forcing MSMEs to relocate - Asit Manohar, Economic Times
Where's the coal? - Subir Gokarn, Business Standard
Our Chinese menu keeps growing - Nayanima Basu, Business Standard
Big deal: Obama’s shale gas decision is a huge opportunity for India - Seema Sirohi, FirstPost
How India should reform its trade for the 21st century - Jayanta Roy, Business Standard
Revamp Indian Railways - SN Mathur, NewIndianExpress
Wonder why arms dealers thrive in India? - Sruthijith K K, EconomicTimes
Wonder why arms dealers thrive in India? - Sruthijith KK, Economic Times
Rating the ‘raters’ - Ramnath Pradeep, Business Line
Madhya Pradesh goes the Gujarat way for power - Jyoti Mukul, Business Standard
Crossholding in same telecom circle may go - Surajeet Das Gupta & Aditi Phadnis, Business Standard
The argumentative economists - Mihir S Sharma, Business Standard
How the Indian economy is losing competitiveness - Niranjan Rajadhyaksha, Mint
Private universities: Creating another entry barrier - TV Mohandas Pai, FE
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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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