IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totalling 33.9 crore rupees due for the period from Sept 30 to Oct 4
If this step even partially achieves its desired results, there will be so much dislocation in the country’s economic structure as to prove a national calamity, advocate AG Mulgaokar wrote in 1969.
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
The RBI is in a tough spot. It needs to protect the rupee, fight inflation, but not throw in the towel on growth either. To be perfectly fair, a 25 basis points increase would not have put out the raging fires either. India has been on a 24 / 7 election fighting mode for so long, we seem to have forgotten that there is something called an economy that needs to be helmed, mentored, managed.
The RBI is in a tough spot. It needs to protect the rupee, fight inflation, but not throw in the towel on growth either. To be perfectly fair, a 25 basis points increase would not have put out the raging fires either. India has been on a 24 / 7 election fighting mode for so long, we seem to have forgotten that there is something called an economy that needs to be helmed, mentored, managed.