Biggest failing of the bankruptcy code is its institutional infirmity. A US-style debtor-in-possession bankruptcy may have been far more suitable to India’s on-the-ground reality.
Telecom payments case is another example of how govt branches are delaying bankruptcy settlements while banks suffer the world’s worst bad debt ratios.
Agricultural policy has prioritised price stabilisation over fostering long-term competitiveness. This incentivises the pursuit of subsidies rather than productivity enhancement.
Naidu’s summit brings in MoUs on same scale as Jagan’s, but CM says his plans built on speed, certainty & investor trust, with escrow accounts, simplified incentives & real-time oversight.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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