The government’s Bad Bank plan might only work as band-aid by removing NPAs from balance sheets. The full impact on the exchequer will be known only when the bank is successful in selling bad loans. Sadly, the plan has nothing to make banks improve lending practices and keep books clean.
SCO meet signals ‘another Quad’, will have huge impact on India’s security
Prime Minister Modi spoke of how Afghanistan complicates the threat from radicalised extremism. But the SCO meet also signals the coming together of ‘another Quad’. This is of greater significance to India’s security — with China, Russia and Iran being sharply adversarial toward the US, and Pakistan cynically duplicitous, as usual.
ED raids against Harsh Mander are intimidatory tactics to cause reputational damage
The ED raids against social activist Harsh Mander has politically motivated targeting written all over it. They follow repeated harassment by other state agencies. Intimidatory tactics like these are the go-to playbook against opponents, critics and even media groups. More than anything else, they are aimed to cause reputational damage.