Opinion/Editorials
High flying costs - Business Line
Airport modernisation is an expensive deal for its users, as it involves the AAI share of the revenue becoming a pass-through. An increase of close to three and half times in user charges at the Indira Gandhi International Airport (IGI) in New Delhi should come as no surprise. It is, after all, an inevitable outcome of an utterly perverse revenue-share system adopted for awarding of such projects under the public-private-partnership (PPP) model.

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Rail Roaded - Financial Express
Border crisis ends: Why China picked a fight with India - Praveen Swami, FirstPost
An economy saved by a piano top - Amay Hattangadi & Swanand Kelkar, Mint
Fewer and better - Business Line
Unfit to hold the post of Attorney General - Rajeev Dhavan, Mail Today
Everyone loves food security - Sunil Jain, Indian Express
Mr Subbarao talk less and ensure there is enough liquidity - Sugata Ghosh, Economic Times
Incredibly shrinking India - Business Standard
UPA faces tough options - Anil Padmanabhan, Mint
Good fences make good neighbours - Joe Thomas Karackattu, Business Standard
Milquetoast Doctrine - Ashok Malik, Asian Age
The great dictation - Indrajit Hazra, Hindustan Times
UPA II will be felled by people anger - Sandeep Bamzai, Mail Today
India fed up of dysfunctional Govt - Swapan Dasgupta, Pioneer
Sardar Patel saw through China - Rajesh Singh, Pioneer
India has never seemed as helplessly weak as now - MJ Akbar, ToI
India needs a statutory, independent Police Commission - SA Aiyar, ToI
Republic of proxystan: Bill and coo, kill and Woo - Chidanand Rajghatta, ToI
Time to empower the slave - Chetan Bhagat, Times of India
Anwar is on song in Malaysia - MJ Akbar, Sunday Guardian
1984 was a bad time to be an Indian - Madhav Nalapat, Sunday Guardian
CBI not as guilty as AG, Ashwani - Ram Jethmalani, Sunday Guardian
Sycophancy corrodes - Tavleen Singh, Indian Express
Déjà vu all over again! - Percy S Mistry, Financial Express
Act tough with China - Bidanda Chengappa, Business Line
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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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Editor's Picks

Double whammy strikes the UPA and negates Karnataka victory - Sandeep Bamzai, Mail Today
A climate of India-baiting: Liberals love to deride George Bush, but Barack Obama's record is much worse - Jagdish Bhagwati, Times of India
A Hindu hell on earth: Families are being torn apart by their desperation to flee persecution in Pakistan - Andrew Buncombe, Independent
UPA II will be felled by people anger - Sandeep Bamzai, Mail Today
Anwar is on song in Malaysia - MJ Akbar, Sunday Guardian
 
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