Crony Capitalism

Meghalaya's murky links with Panama Papers: Politico-corporate nexus makes money laundering common in hill state

'Follow the money' is an old adage in journalism. Across the North East, and particularly in Meghalaya, that would be slightly modified to 'Follow the Marwari money'

Narendra Modi government promoting crony capitalism at cost of small, medium enterprises, says Rahul Gandhi in Gujarat

Congress vice president Rahul Gandhi on Monday accused the Narendra Modi government of promoting crony capitalism at a heavy cost to the small and medium enterprise.

Raghuram Rajan to exit as RBI Governor: No country for good men

India will have to get a new RBI Governor from 4 September, when Rajan will return to Chicago University to resume as a tenured professor

Crony capitalists, inept babus feel the heat as Modi tightens screws of a creaky system

Couple of recent markers suggest that the Modi regime is working behind the scenes to ensure a cleaner and more efficient government which was part of its campaign promise in 2014.

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.

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

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.

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

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.

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