Make money but not from corruption.

Business fellows are apparently disappointed with the Prime Minister because it is no easier to do business under the new administration. They say that 9 months have passed since this government took charge but nothing seems to have changed. These are educated and very rich fellows so why do they expect that the working of the government, which has been built up over 67 years, can be changed overnight? Maybe because they have been used to making easy money, such as in the 2G and Coalgate scams, by bribing ministers and civil servants and resent the tap being turned off. For years companies have apparently being spying on the petroleum ministry by bribing people to make copies of policy documents. Some of the documents found in the houses of those who have been arrested could jeopardise national security. Some mid level officers of these companies have been arrested but it is inconceivable that the officers at the very top and the promoters of the companies were unaware of what was going on. Fellows were coming in at night, turning off CCTV cameras, opening doors with duplicate keys and then copying sensitive documents, including those of international arbitration. During the 10 years of Congress rule they bid enormous sums of money to be awarded infrastructure projects. In a complete reversal of the usual rules of business they were paying premiums to the government to build roads. This was based on 2 assumptions. One was that they will borrow all the money from banks and refuse to pay it back. After the RBI Governor, Raghuram Rajan tightened rules on restructuring of loans these fellows are facing great difficulties. The second assumption was that they will collect toll even before they had started building these roads and continue even after their contract expired, giving rise to great public anger. When so many are thriving on corruption they are bound to be angry if anyone campaigns against it. So an 82 year old man and his wife, out for a morning walk, were shot in Kolhapur. Mr Pansare has since died. To reduce poverty we need the economy to grow by 7% plus but this cannot happen without improving our infrastructure. However, these companies have no money to invest and want the government to write off their debts. The government is struggling to control the fiscal deficit due to the plethora of handouts started by the Congress and cannot finance such hugely expensive projects. Meanwhile Nobel Prize winning economist, Amartya Sen has resigned as Chancellor of Nalanda University, angrily claiming that academic freedom is under threat. He is a great supporter of handouts and so was awarded by the Congress. Wish we had innovators as in the US.