Delhi must see opportunity in the new envoy, to be prepared for hurdles, yet be forward-looking and free of preconceived notions that could spoil any chances of a breakthrough.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
The effort by the previous government to keep KFA airborne, leaning on the banks, has drawn political criticism, held up as an instance of crony capitalism and phone banking. Vijay Mallya’s larger than life persona may have something to do with it. However, the fact is that any conscientious government would wish to save a business from collapsing, for many reasons, including jobs. The bout of political exceptionalism that started with assailing everything that happened in the second half of UPA II continues. Governments need to be cut a little slack. Personally I have stopped following stories about what really happened on 26th and 27th February; as a citizen I want to believe the official version. Most people would, if it was not being made into an electoral issue. One hopes, after 23rd May, a new political culture can be inaugurated, one in which the opposition is regarded as much a stakeholder in the system as the government.
The effort by the previous government to keep KFA airborne, leaning on the banks, has drawn political criticism, held up as an instance of crony capitalism and phone banking. Vijay Mallya’s larger than life persona may have something to do with it. However, the fact is that any conscientious government would wish to save a business from collapsing, for many reasons, including jobs. The bout of political exceptionalism that started with assailing everything that happened in the second half of UPA II continues. Governments need to be cut a little slack. Personally I have stopped following stories about what really happened on 26th and 27th February; as a citizen I want to believe the official version. Most people would, if it was not being made into an electoral issue. One hopes, after 23rd May, a new political culture can be inaugurated, one in which the opposition is regarded as much a stakeholder in the system as the government.