Crony capitalism has built up slowly in India, emerging as a Frankenstein’s monster. Telecommunications to transportation, the landscape is starting to resemble a Monopoly board.
When private banks get into trouble, unsophisticated households lose their bank deposits. To protect them, a resolution corporation needs to be set up.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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