Over past decade, wealth from crony-capitalist sectors in India rose from 5% to 8% of its GDP. Over 60% of increase in crony capitalists' wealth has come from US, China, Russia & India.
Before Vijay Mallya, Nirav Modi, and Mehul Choksi, there was Jayanti Dharma Teja — scientist, shipping magnate, and alleged scamster who led the Indian government on a wild spin.
Modi govt's Rs 6 lakh crore monetisation plan involves leasing out public assets to the private sector. These include roads, railway stations, airports, gas and oil pipelines, warehouses, sports stadiums, etc.
I conducted 63 interviews over the past five months. The majority sentiment among Indian capitalists today is that the mood has moved back to the 1970s.
With “wealth creation” as the central theme of 2020 Economic Survey, Modi govt has harked back to its capitalist orientation in the backdrop of an economic slowdown.
In most cases, funds were siphoned from domestic companies to offshore tax havens by over-invoicing and under-invoicing, through intermediary shell companies .
Sometimes the machine just gives up, unable to keep pace with the will of the military mind of the air warrior. That’s what happened in Palam 1989 and Dubai 2025.
Speaking at 2nd Investor Connect, CM Vishnu Deo Sai says 'we have been able to attract a lot of investors.' The focus of the event was the steel sector.
In largest overhaul of military command in 5 decades, Field Marshal Asim Munir set to assume post of Chief of Defence Forces tomorrow, as Army claims primacy in Pakistan armed forces.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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