RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
For someone who inherited a profitable liquor business at 27 and could make it grow, Vijay Mallya showed exceedingly poor judgment and business sense in getting into the brutally competitive airline business without doing his homework, insisting on running it his way, getting drawn deeper into a quagmire of leverage. There has been an element – or a great deal of it – of wrongdoing in the mountain of NPAs that we now see, overinvoicing of imports of capital goods, diversion of funds, but with his over the top lifestyle and indulgences, Vijay Mallya has given the entire business class a bad name.
Mallya is better than Nirav modi and Mehul choksi in fact better than Anil Ambani. Anil has managed to get Modi blessings so he is able to survive despite bankruptcy.
For someone who inherited a profitable liquor business at 27 and could make it grow, Vijay Mallya showed exceedingly poor judgment and business sense in getting into the brutally competitive airline business without doing his homework, insisting on running it his way, getting drawn deeper into a quagmire of leverage. There has been an element – or a great deal of it – of wrongdoing in the mountain of NPAs that we now see, overinvoicing of imports of capital goods, diversion of funds, but with his over the top lifestyle and indulgences, Vijay Mallya has given the entire business class a bad name.
Mallya is better than Nirav modi and Mehul choksi in fact better than Anil Ambani. Anil has managed to get Modi blessings so he is able to survive despite bankruptcy.