Before jumping to fight the 108 scholars questioning the quality of Modi government’s economic data, chartered accountants must look within. The collapsing corporate governance and unreliable balance sheets speak poorly of Indian accounting diligence. They should remember Modi’s advice on their Foundation Day: Their signature should stand for trust.
Even an Ambani can’t get away in crackdown on delinquent businessmen
Anil Ambani escaped jail by a whisker and returned Ericsson $80 million he owed them, thanks to benevolent big brother Mukesh. This is a major milestone in Indian business. Modi and courts should take credit for the crackdown on delinquent businessmen. The message is: Even an Ambani can’t get away.