RBI has wisely decided to put Lakshmi Vilas Bank out of its misery. Better still, it’s called upon a foreign institution to take over assets & liabilities.
Nitish Kumar has mastered the rhythm of renewal in Bihar. In a democracy of churn and chance, endurance may be the rarest—and most refined—form of political art.
While the move could free up grid capacity struggling to keep up with rapid renewable rollout, it would be a major setback for green ambitions. India aims to double clean power capacity to 500 gigawatts by the end of the decade.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
One may criticize and curse government owned banks, but out of the three banks that have failed, two belong to private sector and the third one to the cooperative banking sector.
One may criticize and curse government owned banks, but out of the three banks that have failed, two belong to private sector and the third one to the cooperative banking sector.