The Neighbourhood/World
‘India has high chance of becoming a breakout nation’ - Indian Express
It was the rising tide of global liquidity and not anything unique to India that accelerated its growth rate from a level of around 5.5 per cent to 8-9 per cent between 2003 and 2007. The country has a high chance of becoming a “breakout nation” only if it does not grow complacent, avoids becoming a welfare state, brings reforms systematically and globally, and commodity prices fall, said Ruchir Sharma, Global Head, Emerging Markets, Morgan Stanley Investment Management, and author of Breakout Nations: In Pursuit of The Next Economic Miracles.
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India and China: softly, softly - Kanti Bajpai, Times of India
Will you earn enough 'points' to win new US green card? - Economic Times
Paper tiger - David Kang, Foreign Policy
US immigration bill: Discriminatory for India - Som Mittal, Financial Express
China's 3rd confrontation with India's border build-up - Ajai Shukla, Business Standard
Pakistan poll: Heat, dust, grit and terror - Anita Joshua, Hindu
India's Iran plant to kill 2 birds with 1 stone - Animesh Singh, Pioneer
Islamists prepare for grand home-coming - G Parthasarathy, Pioneer
The curious case of Pervez Musharraf - Mehr F Husain, Mail Today
Sharif the leader in Pak race - AS Dulat, Mail Today
New Delhi ignores gathering crisis over Sri Lankan Tamils - Shastri Ramachandaran, DNA
The Ladakh drift - P Stobdan, Indian Express
Everything is rigged: The biggest financial scandal yet - Matt Taibbi, Rolling Stone
Boston bombing shows West’s mistake in supporting militants in Chechnya: Putin - FirstPost
Intrude, violate, and then offer to discuss - Claude Arpi, Pioneer
Fractured verdict likely in Pak polls - G Parthasarathy, Business Line
Pakistan is experiencing a government of judges by default - Christophe Jaffrelot, Indian Express
China backs India stand on Taliban’s role after US exit - Shubhajit Roy, IE
Chinese incursion a retaliation against Indian activity on LAC - Bharti Jain, ToI
21 killed in terrorist bomb attacks in Xinjiang: China - KJM Varma, PTI
Bank supervisors are quietly forcing a deglobalisation of finance - Economist
H-1B visa: Why is India quiet on US protectionism? - Yashwant Raj, HT
A conversation with Edward Luttwak - Siddharth Singh, Mint
Limping al-Qaida offshoot rearms with Twitter - Elaine Ganley, Marine Times
French embassy bombed in Tripoli - Imed Lamloum, Asian Age
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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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