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4 killed, 58 injured in suicide attack in Quetta - Rezaul H Laskar,

Nawaz Sharif set for 3rd term as Pak PM - Rezaul H Laskar & M Zulqernain,

Nawaz Sharif: The Lion of Punjab roars in Pakistan -

Siddaramaiah to be sworn-in as Karnataka CM on Monday -

BJP to stick to demand for PM's ouster on coal issue: Jaitley -

Karnataka loss not a surprise but a lesson to BJP, Cong: Advani -

Parliamentary panel slams CBI’s ‘discriminatory’ promotion policy -

Imran Khan wins in 3 seats, loses in one -

Khurshid hopes govt will continue good ties if Sharif voted to power -

Gilani, Ashraf faces rout in polls; PPP suffers huge setback -

US Gurdwara shootout: Obama honours policeman who was shot 12 times -

Indian wonderkid becomes century’s youngest California varsity topper -

Sharif set for third term as Pak PM -

Pak polls: Imran Khan concedes defeat as Nawaz Sharif claims win -

Pakistanis vote in historic polls, 24 killed in violence - Rezaul H Laskar and M Zulqernain,

Core group reviews security scenario in Valley -

Pakistanis vote in historic polls, 17 killed in violence - Rezaul H Laskar & M Zulqernain,

India gives counter proposal for Border Def Cooperation Agreement to China -

Cong dubs BJP demand for PM resignation unjustified -

10 killed in Mizoram landslide, 7 missing and 20 injured -

India, China working on Border Cooperation Agreement: Khurshid -

Pakistanis vote in historic polls, 15 killed in violence - Rezaul H Laskar & M Zulqernain,

Sibal gets additional charge of Law Ministry, CP Joshi gets Railways -

Sensex rules above 20,000 level in special trading session -

10 killed and 40 injured in Pak election-day bombings - Rezaul H Laskar,

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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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