Opinion/Editorials
So why’s Sensex at 17,374? - Financial Express
The IIP, it is true, has collapsed and, at 3.5% in April-February FY12, is less than half the 8.1% in April-February FY11. At 4% of GDP, the FY12 current account deficit seems perilous and the rupee’s fall appears to be reflecting this. So why’s the Sensex still at 17,374? The last time GDP fell to near the 6.1% recorded in Q3FY12 was in Q4 FY09 when it was 5.9%—at that time, the Sensex averaged around 9,000. At that time, the average Sensex PE was around 12.8, today it’s around 17.5-18. There’s no doubt this is much worse than it was a year ago, but if the sensex hasn’t collapsed, maybe there’s something we’re missing.
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Brazen UPA shamed - Pioneer
Congress and BJP have to confront their 'Kumar-isms' to regain a balance of power - Ashok Malik, ET
The UPA must not bring in another grandiose welfare scheme which the country can ill afford - Times of India
Phantom democracy - Pratap Bhanu Mehta, Indian Express
Look at India’s economic reality - Madhav Dhar, FinancialExpress
Kowtowing to the Middle Kingdom - G Parthasarathy, HinduBusinessline
Early exit from economic stress? - Shankar Acharya, BusinessStandard
Freeing the parrot - BusinessStandard
Selective secularism - SK Sinha, Asian Age
Islamist parties in Bangladesh trying to hijack nation's politics - DNA
Engage on trade - Suman Bery, Business Standard
The real moral failure in the food security Bill debate - Vivek Dehejia, Business Standard
A darkening digital future - L Gordon Crovitz, Mint
Amartya Sen is wrong about the Food Security Bill - Financial Express
How food security law is creating perverse incentives - Business Standard
Recipe for a change for the worse - Rajesh Singh, Pioneer
Congress uses free-food Bill as fodder - Pioneer
Such a good fall: Oil & gold booms are over, good for global economy - Ruchir Sharma, Economic Times
Govt, India Inc must take advantage of ultra-cheap Western and Japanese money - Economic Times
Supreme Court support for the Kudankulam plant reverses anti-development tide - Times of India
Some chit chat - Ila Patnaik, Indian Express
Not so fast - Indian Express
Dhoni and the art of controlling an IPL match - Aakash Chopra, ESPN
Stuck record: Why Amartya Sen is wrong on food security again - R Jagannathan, FirstPost
Amartya Sen, jholawalas, and the wrongs of rights-based laws - Seetha, FirstPost
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Verbatim

The UPA 2 government was conceived in corruption – and never really recovered from that taint. Right from the day the election results came in, the back-channel negotiations began for the reappointment of A Raja as Telecom Minister to advance the interests of certain telecom majors (in return for illegal gratification). It was an enterprise which set the stage for India’s biggest corruption scandal and virtually set the political tone for the rest of the four years. As subsequent exposes have established, Manmohan Singh and other key Ministers knew full well that mischief was afoot, but pointedly looked the other way. That was the beginning of the slide, and the UPA government in general – and Manmohan Singh in particular – was mortally wounded from that episode. But rather than press ahead with remedial action, the government slid further into the cesspool of corruption.
Venky Vembu
 

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