Business Standard

Best of BS opinion: Reservations vs competition, biofuel policy, and more

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biofuel, planet, earth, petrol

Kanika Datta
Mudra loans were to have been the silver bullet that would propel small businesses and presumably the Indian economy into the fast lane. This non-collateralised lending became so widespread that the government even considered using such loan disbursals as an index to estimate unemployment in place of an inconvenient NSSO survey that showed it at a 45-year high. That plan was junked when it became evident that Mudra loans were on the way to becoming another systemic problem. You know there’s a crisis brewing when a normally reticent central bank deputy governor chose to highlight the rising levels of bad

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First Published: Nov 28 2019 | 6:50 AM IST

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