This is significant since US said SECI was having trouble finding buyers for Adani & Azure solar power due to high rates. The firms then allegedly promised bribes to state govt officials.
Winter Session of Parliament commenced on 25 Nov, but both houses were adjourned fairly early due to disruptions. Lok Sabha & Rajya Sabha are expected to be in session till 20 Dec.
Adanis not named in allegation of conspiracy to violate US Foreign Corrupt Practices Act, have been named in 'two or three counts relating to securities and bonds', says Rohatgi.
In a letter to Indian stock exchanges, the group, however, did clarify that its executives, including Gautam Adani, had been named in other charges, including wire & securities fraud.
ThePrint Explorer looks at high-profile corruption cases around the world that preceded the Foreign Corrupt Practices Act in the US, which has stirred up trouble for Adani Group.
International media also examines Indian economy. In an interview, RBI chief Shaktikanta Das defends country's resilience, saying it can handle any spillover shocks as Trump takes office.
Azure, whose ex-officials were indicted in US alongside Adani Group executives, has faced 2 whistleblower complaints that hurt its credit ratings & ability to raise capital.
In the bizarre world of the Adani scam, it is the opposition parties that are demanding an investigation into allegations against primarily opposition-ruled states.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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