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

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com