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Crony capitalism

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Bankruptcy Bill: The fight against crony capital now has two legs

Dec 22, 2015

Bankruptcy Bill: The fight against crony capital now has two legs

The Bankruptcy Code will allow no such leniency and excess recourse to courts, making it difficult for promoters to drag the recovery process endlessly, often after looting the company. #Crony capitalism #Economy #Business #Rajya Sabha #Kingfisher Airlines #Vijay Mallya #Raghuram Rajan #PolicyWatch #GST Bill #National Company Law Tribunal #Arihant Threads #Sick Industrial Companies Act #Insolvency and Bankruptcy Code
On fighting crony capital, both Modi govt and RBI's Rajan are on same page

Sep 26, 2015

On fighting crony capital, both Modi govt and RBI's Rajan are on same page

Even as the Modi government has banished corporate lobbies from Delhi's durbar, the RBI is simultaneously enabling banks to turn the screws on crony capital by making it easier for them to remove managements. This trend needs to sustain #Crony capitalism #ConnectTheDots #ICICI Bank #SBI #Raghuram Rajan #Modi #wilful defaulter #Joint Lenders Forum
Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

Jun 09, 2015

Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

The finance minister promised a bankruptcy code this year. Arun Jaitley should get this done quickly as the action against loan defaults and corporate failure is moving faster on the RBI side than on the legislative side. #Crony capitalism #RBI #Duvvuri Subbarao #ConnectTheDots #Kingfisher Airlines #Arun Jaitley #Vijay Mallya #Raghuram Rajan #Corporate Debt Restructuring #wilful defaulters #bankruptcy code #Sick Industrial Companies Act #Strategic Debt Restructuring
Corporate espionage isn't real issue: Crony capitalism's roots lie elsewhere

Feb 24, 2015

Corporate espionage isn't real issue: Crony capitalism's roots lie elsewhere

The recent arrests of several government and private sector officials for alleged stealing of secret documents will not do enough to end the unholy nexus that enables corporate crony capitalism. Much more needs to be done #Crony capitalism #Manmohan Singh #Narendra Modi #NTPC #Rahul Gandhi #BSNL #AK Antony #Corporate Espionage
After Natarajan's resignation, Jaitley calls Cong practitioner of 'sadistic' economy

Jan 30, 2015

After Natarajan's resignation, Jaitley calls Cong practitioner of 'sadistic' economy

Union Minister Arun Jaitley on Friday said the previous UPA government was a practitioner of "sadistic" economy and "crony capitalism" after the attack by former minister Jayanthi Natarajan against Rahul Gandhi and sought a relook at its environmental clearances. #Crony capitalism #Congress #BJP #TheySaidIt #Arun Jaitley #Jayanthi Natarajan #sadistic economy
HC order on Mallya's wilful default will warm cockles of crony capitalists

Dec 29, 2014

HC order on Mallya's wilful default will warm cockles of crony capitalists

The Calcutta High Court rejected the UBI's decision to call Vijay Mallya a wilful defaulter on a technicality. If courts are going to go by mere technicalities to delay banks from recovering their dues, only crony capitalists will celebrate #Crony capitalism #Vijay Mallya #wilful defaulters #UBI Loan #SBI Sugar Loans #Arihant Threads
Rajan takes his fight against crony capital further with his 'non-cooperative borrower' tag

Dec 23, 2014

Rajan takes his fight against crony capital further with his 'non-cooperative borrower' tag

The RBI is tightening the screws against crony borrowers who manage to delay repayments and loan recoveries to banks endlessly using chinks in the system #Crony capitalism #Raghuram Rajan #wilful defaulters #non-cooperative borrower #Debt Recovery Tribunals #Bank Collateral
Rajan is right: Modi govt must question India Inc's divine right to endless loans

Dec 01, 2014

Rajan is right: Modi govt must question India Inc's divine right to endless loans

RBI Governor warned the UPA about endlessly restructuring the bad loans of big business on the plea that this was in national interest. The UPA did not listen. Will NDA do the same? #Crony capitalism #2G scam #UPA #Raghuram Rajan #RBI Governor #NDA #bad loans #coal scam #Bank NPAs #Restructurerd Assets
Crony capitalism killing transparency and competition, says CAG Sashi Kant Sharma

Sep 13, 2014

Crony capitalism killing transparency and competition, says CAG Sashi Kant Sharma

Reserve Bank Governor Raghuram Rajan had also expressed concern about "crony capitalism" earlier #Crony capitalism #CAG #RBI #Raghuram Rajan #Transparency #Competition #Sashi Kant Sharma
Wilful defaulters: RBI just ended the free lunch for crony capitalists

Sep 10, 2014

Wilful defaulters: RBI just ended the free lunch for crony capitalists

India Inc built businesses using bank funds and with very little of their own money at stake. The new norms on wilful defaults will end this game for crony capitalists. #Crony capitalism #India Inc #bad loans #RBI norms #Wilful Defaults