From Jimmy Nagarwala’s Rs 60 lakh from SBI to Nirav Modi’s Rs 11,000 crore-plus from PNB, India has a 47-year record of scams in govt banks. Why do all govts still love them?
After Lalit Modi and Vijay Mallya, Nirav Modi is the third industrialist to have left India in the wake of investigations into business irregularities.
Macaulay's intent was quite different from what has been propagated by Indian leaders and public intellectuals, who love to live in their own sectarian mental chambers.
Once acquired by IAF, the medium transport aircraft (MTA) will replace both AN-32s and IL-76s, it is learnt. The idea behind the revamp is to meet modern operational needs.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
To put these large losses in perspective, the Navi Mumbai airport will cost 16,000 crores, which includes land acquisition compensation that has ballooned. Uncle and nephew have stolen a jewel of infrastructure from the Indian people.
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To put these large losses in perspective, the Navi Mumbai airport will cost 16,000 crores, which includes land acquisition compensation that has ballooned. Uncle and nephew have stolen a jewel of infrastructure from the Indian people.