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Saturday, September 27, 2025
TopicCrony capitalism

Topic: crony capitalism

India #10 on ‘crony capitalism’ index — how ‘The Economist’ ranked 43 biggest economies

Over past decade, wealth from crony-capitalist sectors in India rose from 5% to 8% of its GDP. Over 60% of increase in crony capitalists' wealth has come from US, China, Russia & India.

How Nehru’s friend Jayanti Dharma Teja went from Lutyens’ darling to international fugitive

Before Vijay Mallya, Nirav Modi, and Mehul Choksi, there was Jayanti Dharma Teja — scientist, shipping magnate, and alleged scamster who led the Indian government on a wild spin.

Success of Modi govt’s monetisation plan won’t be about money but whether infra is affordable

Modi govt's Rs 6 lakh crore monetisation plan involves leasing out public assets to the private sector. These include roads, railway stations, airports, gas and oil pipelines, warehouses, sports stadiums, etc.

India’s Covid vaccine policy is bound to promote inefficiency, inequality

Modi govt’s policy for Covid-19 vaccine has thoroughly exposed both the failures of an incompetent state and the vagaries of the ‘free’ market.

CFOs to bankers to SME owners, what India’s business class says about Modi govt

I conducted 63 interviews over the past five months. The majority sentiment among Indian capitalists today is that the mood has moved back to the 1970s.

Wealth creation in Economic Survey: Slowdown forces Modi govt to shed ‘suit-boot’ fear?

With “wealth creation” as the central theme of 2020 Economic Survey, Modi govt has harked back to its capitalist orientation in the backdrop of an economic slowdown.

Here’s how India’s middle class forces a Right-wing Modi govt to stay economically Left

Indian middle class’ fetish for a nanny state compels govt intervention in managing prices. This keeps both crony capitalists and voters happy.

India’s crony capitalist edifice is creaking

Capital formation, job creation & growth are cracking under the strain placed by India’s feudal system of corporate governance.

Paradise Papers: Parking money in tax havens biggest threat to democracy in the world

In most cases, funds were siphoned from domestic companies to offshore tax havens by over-invoicing and under-invoicing, through intermediary shell companies .

On Camera

The Bads of Bollywood finally gives us the sidekick that everyone needs

Sidekicks are quintessential in Bollywood, and every few years, when a star or lead shines, a filmmaker reminds us that the person next to the hero is a key ingredient in the recipe.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

With MiG-21’s exit, India’s squadron strength hits 6-decade low. What are IAF’s plans for the Tejas

While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.