Maha ARC was set up to restructure distressed institutions linked to state government, but officials said the company would have been most useful for reconstructing and selling off sick cooperatives.
At defence conclave, Air Chief Marshal A.P. Singh says conflict needs all kinds of weapons, not just the long-range ones, as a paracetamol cannot cure all ailments.
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.
The progressively larger MoUs signed in 2007, 2009 and 2013 sound like nothing so much as a Ponzi scheme. Senior mandarins would have known how little was happening on the ground. Beyond generating hype and headlines, all these glitzy investor summits do not translate into genuine, employment creating economic activity. Something like the delegations CMs lead, generally in late summer, to cooler climes. 2. The banking system has been hollowed out by so many industrious folk, it is just a matter of time before the government is faced with a 1991 like situation and lets go of the PSBs. Gyan Sangam in Poona, a promise there would be no more phone calls from Delhi, Indradhanush, Bank Boards Bureau, recapitalisation, nothing has clicked.
The progressively larger MoUs signed in 2007, 2009 and 2013 sound like nothing so much as a Ponzi scheme. Senior mandarins would have known how little was happening on the ground. Beyond generating hype and headlines, all these glitzy investor summits do not translate into genuine, employment creating economic activity. Something like the delegations CMs lead, generally in late summer, to cooler climes. 2. The banking system has been hollowed out by so many industrious folk, it is just a matter of time before the government is faced with a 1991 like situation and lets go of the PSBs. Gyan Sangam in Poona, a promise there would be no more phone calls from Delhi, Indradhanush, Bank Boards Bureau, recapitalisation, nothing has clicked.
Another Modi’s crony taking India to the cleaners. As usual various govt agencies suitably facilitated the family’s escape.
What do we do now except wish them luck?