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