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Frontier Mediville attracts Japanese investments City Corner A praiseworthy peer recognition Outlays and outcome – the long gap Black outs will be knocked out The curious case of Evgenii Berdnikov Paranjoy on crony capitalism The sweet killer The worst is yet to come Education a cause of concern Planning the right energy Metro chugs through the city City Corner-June Water woes Chennai Metro looking for revival Self-sufficiency in dredging... A new technique to treat dry sewage Chennai gets its Imax India’s first 3D Museum Pocket Therapist finds mention in Forbes Must visit of 2014 Chennai, the noisiest city Is Chennai now the accident capital? Know the start-ups in the city This dabba has a cure for all your ailments Chevrolet Sail U-VA Launched Chennai to Bengaluru as quick as pizza delivery 377 yet young Vanakkam Chennaiyin FC Star studded city Cricket comes calling to Chennai Boozing and driving An industry institution link… Read before you buy... Medical miracle! Colourful welcome at the Saidapet station TTV stumps all North Chennai booms Arnold visits Chennai City Corner - Chennai Kollywood’s Mahabharatha Two friends trigger a change Realty bytes Indian of the Year The 20-year itch of Hindujas ends Force Motors’ two new SUVs I know nothing else but cinema... Sathyabhamasat propels ahead 60 years of cultural and economic ties Chennai soon to get an Aerospace Park Technology handshakes with sanitation Working space for women by woman City Corner Tamil Nadu Premier League launched When Chennai became Venice Apollo targets a third of CV tyre market A skinny affair SGRI – a global research centre for building materials Chennaites lose 7 crore to debit card frauds When Marina became the Tahrir Square It is not only your noodle... Metro mania State VAT leads to inflation: a study A feast for book worms Keep in touch, anytime anywhere The sweet tooth of the city India’s first online-only bicycle brand CMRL takes off till airport Chennai Silks in flames Ennore Port excels It’s so cool! Engineering colleges lose lustre Indian media-operators of democracy Chennai teachers rank low Hey Chitti! please take my order Nilam threatens the city Doing business is not so easy in Chennai Google street view’s India competitor Yamaha in the news Meters return to the metro Coimbatore backs up for Chennai Murugappas-focus on consolidation Raj Bhavan opened the gates for public Overflowing garbage Metro chugs the green way When the crowd will miss the roar Million landmark and Rs. 200 crore influx by Yamaha Car-free Bessy Water wars begin Book your water tanker Technologists to rescue Green energy, not really green? Hawker’s paradise gets a permanent place The underground don zips through Talk your way and land in a job Reality Check From trash land to tourist spot Aviation sector to grow three times... Thrills for the holiday season Missing, but not missing the top spot Chennai airport to become solar-powered He made Ranganathan Street so crowded... A sweet marketing splash by Pattappas A budget that butted into deficit K7’s Entrepreneurial Odyssey Maruti Suzuki wins NIQR award Need for an integrated approach to medicine Prithika Yashini takes charge... Building highs and lows How to roast 45 human beings alive Bewailing monsoons the new fad Online approval of layout plans Yes, you are safe! The sunshine and the shadow side of this digital era The auto gets a remake Mexico opens Consulate in Chennai International conference on saving energy, environment Presto! Bravo! Tambaram tracks…. Safe Trac-keeps track on your safety Perplexing communications
 
Paranjoy on crony capitalism

In a talk on Crony Capitalism at the Institute of Chartered Accountants of India, Paranjoy Guhathakurta spoke with eloquence on how crony capitalism is eating into India’s moral fibre.  “Crony capitalism is an economic system, in which family members and friends of government officials and business leaders have an unfair advantage.” He then proceeded to give a few examples. One, of how 2G spectrum a natural resource was allocated on a faulty version of first come first served. Two, of how when two brothers fight for resources (natural gas) which belong to the public, you had crony capitalism. And three of how in 2013 Vedanta trust was found to be  a foreign entity controlled by a foreign corporation. And if you are a foreign entity, you cannot donate any money to the political party according to a 2014 High Court verdict. And of how Arun Jaitley, amended the foreign company definition in the Foreign Contribution Regulation Act, so that it excluded Vedanta Company from the ambit of the foreign company.

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