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 .
This year, at the Met, Isha Ambani wore one of Rahul Mishra’s creations, which is a sari in name only. It marked his label’s debut at what is fashion’s biggest stage.
Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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