Crony Capitalism

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Crony Capitalism - Total results - 58
Reforms unleashed by Narendra Modi govt will make country very competitive; India's story has just begun: NITI Aayog CEO Amitabh Kant
Business

Reforms unleashed by Narendra Modi govt will make country very competitive; India's story has just begun: NITI Aayog CEO Amitabh Kant

India, under Prime Minister Narendra Modi, was moving fast on the track of ease of doing business, the NITI Aayog CEO said

The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road
Business

The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road

We now have one big problem which the Narendra Modi government is trying to postpone further by merging different public sector banks. The trouble is bringing two rotten eggs together is only going to lead to another rotten egg

Why Narendra Modi’s assurance, that he isn’t scared to be seen with industrialists, matters to economy
Business

Why Narendra Modi’s assurance, that he isn’t scared to be seen with industrialists, matters to economy

It is important that large businesses are taken into confidence and Narendra Modi has done just the right thing to speak in favour of businesses

NITI Aayog CEO Amitabh Kant says crony capitalism in India ended with introduction of Insolvency and Bankruptcy Code
Business

NITI Aayog CEO Amitabh Kant says crony capitalism in India ended with introduction of Insolvency and Bankruptcy Code

The world of crony capitalism in India has ceased to be with the introduction of Insolvency and Bankruptcy Code, NITI Aayog CEO Amitabh Kant said on Thursday

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

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
Politics

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Politics

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
Business

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

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

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

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

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 killing transparency and competition, says CAG Sashi Kant Sharma
Economy

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

Reserve Bank Governor Raghuram Rajan had also expressed concern about "crony capitalism" earlier

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

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.

Raghuram Rajan on 'venal politicians', crony capitalism and merging banks
Economy

Raghuram Rajan on 'venal politicians', crony capitalism and merging banks

Rajan also spoke about the prevalence of crony capitalism in India saying that the practice of democracy was hurt when public interest gave way to special interests.<br />

Rajan speaks on crony capitalism: The rich received favours for payoffs to politicians
Economy

Rajan speaks on crony capitalism: The rich received favours for payoffs to politicians

He further said that one of the greatest dangers to growth of developing economies like India is the middle income trap where crony capitalism "creates oligarchies that slow down the growth."<br />