Failure to slash stressed assets, cash crunch in NBFCs, delays in bankruptcy process are adding to challenges faced by banks as they tidy up balance sheets.
Cash squeeze threatens broader fallout, as higher cost of funds is passed on to merchants getting micro loans & property tycoons looking to roll over debt.
Reasons for the squeeze range from farm spending to looming elections, but its roots lie in Modi’s 2016 decision to overnight void 86 percent of currency in circulation?
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
COMMENTS