Opinion/Editorials
Right on, Sebi - Economic Times
Consent orders are like the curate egg - good in parts. To the extent that they bring closure to cases that would otherwise meander through the judicial maze for months, if not years, consent orders are good. They offer a pragmatic way of penalising-and-yetnot-quite-punishing offenders against whom it is hard to prove definite violations in our kind of system of Anglo-Saxon jurisprudence that goes by the maxim, 'innocenttill-proven-guilty.

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Chinese checkmate - Brahma Chellaney, Hindustan Times
The gravy train - Shreekant Sambrani, Business Standard
After Pakistan's elections - Shyam Saran, Business Standard
The Prime Minister should resign - BS Raghavan, Business Line
Behind the curve - Financial Express
Court on Coalgate: How Govt handling of CBI subverts the rule of law - Dushyant Dave, Economic Times
Growing imports can be financed only by giving a big boost to India’s overall exports - Times of India
We have a stake in Pakistan’s democracy. Welcome the change - Tarun Vijay, Times of India
Lobbying the Hill, softly - Business Standard
Need for a focused approach on water, energy and food issues - Nirvikar Singh, Financial Express
The perks of being a VIP - Sunanda K Datta-Ray, Deccan Chronicle
More thick-skinned than any pachyderm - A Surya Prakash, Pioneer
Allah and Aam Aadmi - Shekhar Gupta, Indian Express
Bowing down to the dragon - Kanwal Sibal, Mail Today
A precipitous decline - Kamlendra Kanwar, NewIndianExpress
Grey lines - Indian Express
MFIs versus moneylenders - Financial Express
Set a lobby to stop a lobby - Hindu
India’s defence needs FDI - Manoj Joshi, Hindu
Vande Mataram controversy reveals mental chasm - Priyadarshi Dutta, Niti Central
Return of the moneylender - Mint
Only at gunpoint? - Santosh Desai, Times of India
PM is accountable - Pioneer
Redesign dams, not rivers - Sunita Narain, Business Standard
MMS in the wrong chair - Bibek Debroy, Economic Times
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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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