The book gives several examples of government interference in the working of the bank, despite the then finance minister's assurances to the contrary in Parliament
If a promoter knows that he can afford not to repay loans and buy back his company in the bankruptcy court at a discount with a reduced debt burden, he has a strong incentive to drive his firm aground
That Sunil Jain was one of India's finest economic writers was evident from his weekly column 'Rational Expectations' in BS and then in the 'Financial Express' where he was the Managing Editor
Many state govts were taken to the cleaners by high courts for doing next to nothing to prepare for the devastating second wave of the coronavirus pandemic
Ending "tax terrorism" was the BJP's promise in the 2014 election that brought Narendra Modi to power giving hope to the likes of the UK's Cairn Energy Plc. But the hopes have been belied
There was no will; no other binding documents; no family constitution - just a letter, prompting a leading lawyer to say it couldn't get more absurd than this.