C P Chandrasekhar-Frontline

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NEW DELHI, 16/01/2013 : Finance Minister, P. Chidambaram with from left are President, NASSCOM, Som Mittal, President FIEO, Rafeeq Ahmed, Past President, PHDCCI,Mr.Sandip Somany, President, ASSOCHAM, R. N. Dhoot and President, FICCI, Ms. Naina Lal Kidwai at the pre-budget meeting at North Block, in New Delhi Photo: Shanker Chakravarty

Crony capitalism and state capture

If business groups in post-Independence years drew their strength from their ability to circumvent state policy and the state’s failure to discipline

C.P. CHANDRASEKHAR

FOR:BUSINESS LINE ATTN:NEWS EDITOR 02.10.2004 A tobacco farmer at his modern curing barn supported by ILTD-ITC at Periapatna Taluk in Mysore district of Karnataka. (Photo by Parth Sanyal)
(FOR USE WITH N MOHAN PADMANABHAN'S STORY)

Locked into business

Contracted farming essentially produces an unequal system where the risks are left with farmers while control over production and marketing is acquire

C.P. CHANDRASEKHAR

Indian security personnel stand guard in front of a collapsed pedestrian bridge outside the Jawaharlal Nehru Stadium in New Delhi September 21, 2010. The parlous state of athletes' accommodation for next month's Commonwealth Games in Delhi has shocked visiting teams and prompted the Games federation chief to demand authorities urgently fix a raft of problems. Complaints from team officials ranging from cleanliness to Internet access at the athletes' village have further embarrassed organisers of the October 3-14 Games, amid blown construction deadlines, corruption scandals and security concerns following a tourist shooting on Sunday. REUTERS/Adnan Abidi (INDIA - Tags: BUSINESS CONSTRUCTION POLITICS SPORT)

Age of graft

Corruption tends to be greater in periods when there is a state-engineered redistribution of wealth in favour of a few at the explicit or implicit exp

C.P. CHANDRASEKHAR

Looking for money in news

The digital revolution is fundamentally transforming the news as business even as the once-dominant print news segment wrestles with a broken revenue

C.P. CHANDRASEKHAR

Students hold placards the ones on the right reads in Greek 'we don't sell out 'during a parade for Greek independence day celebrations at the southern port city of Limassol, Cyprus,Monday, March 25, 2013. Cyprus secured what its politicians described as a “painful” solution to avert imminent bankruptcy, agreeing early Monday to slash its oversize banking sector and make large account holders take losses to help pay to secure a last-minute euro10 billion (US$13 billion) bailout. (AP Photo/Pavlos Vrionides)

Cyprus under siege

Since those likely to lose from letting Cypriot banks slide and from imposing austerity on a small nation are not part of the core in the eurozone, an

C.P. CHANDRASEKHAR

New Delhi, 16/08/2012: New cars lined up at the Maruti Suzuki plant in Manesar, Haryana on 17, August, 2012. In a move likely to evoke strong labour reactions, country?s leading car maker, Maruti Suzuki India on Thursday announced termination of services of 500 regular workers and resumption of normal operations from August 21 at its violence hit plant at Manesar, Haryana. Photo: S_Subramanium

Bumps ahead

The downturn in the car industry has a lesson for the Indian economy: debt-driven growth cannot be sustained over the long term.

C.P. CHANDRASEKHAR

Indian Finance Minister Palaniappan Chidambaram, seated center, along with other finance ministry officials pose for photographs at his office in New Delhi, India, Wednesday, Feb. 27, 2013. Chidambaram will present the budget for the next fiscal year in parliament Thursday. (AP Photo/Altaf Qadri)

Bad economics, worse politics

The UPA government's last full Budget before the next general election reflects its unthinking adherence to a kind of ideology that makes no economic

C.P. CHANDRASEKHAR

REFILE - CORRECTING BYLINE
A view shows the Standard & Poor's building in New York's financial district February 5, 2013. The U.S. government is seeking more than $5 billion in a lawsuit against rating agency Standard & Poor's over mortgage bond ratings, U.S. Attorney General Eric Holder said on Tuesday. The civil suit against S&P and its parent McGraw-Hill Cos Inc is the first federal enforcement action against a credit rating agency over alleged illegal behavior related to the 2007-2009 U.S. financial crisis. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS CRIME LAW POLITICS)

No standards, not poor

The rising tide of litigation in the U.S. against ratings agencies could force an end to, if not lead to an overhaul of, a system that makes scores pr

C.P. CHANDRASEKHAR

Visakhapatnam:13/05/2010: _Villagers returning from desilting work of ponds at Komatipalli in Vizianagaram district, about 70 kms from Visakhapatnam. With summer at its peak and drying up water source, agriculture activity has come to a standstill. Villagers say under the National Rural Employement Guarantee Programme (NREGP), they are being offered Rs.70 to Rs.90 per day.---Photo:K.R. Deepak

Two parties, one vision

The difference between the Congress and the BJP is getting blurred on the matter of economic policy. Will Rahul Gandhi give the Congress a new distinc

C.P. Chandrasekhar

BL 6-2-2003 MUMBAI: Queues of people wanting to sell theri gold at Zaveri Bazar in Mumbai the main bullion market as gold zoom up. PIX BY PAUL NORONHA

The gold rush

The country’s insatiable appetite for gold has led to imports rising from $3.8 billion in 2002-03 to $57.5 billion in 2011-12, taking scarce foreign e

C.P. Chandrasekhar

Bank employees in Chennai in August protesting against the Banking Laws (Amendment) Bill.-R. RAGHU

Big change in banking

The Banking Laws (Amendment) Bill clearly aims to permit new entry, consolidation and expanded foreign presence in a sector that is the repository of

C.P. CHANDRASEKHAR

B:LINE: Deputy Chairman, Planning Commission Montek Singh Ahluwalial briefing the media on the meeting of the Full Planning Commission on “Twelfth Five Year Plan” . in the Capital on 14-9-12. Pic-Ramesh Sharma

Plan for corporate India

The Twelfth Five Year Plan document is a shocker because of its unashamed advocacy of measures that favour private capital.

C.P. Chandrasekhar

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