In Modi Era - No Special Favours To Corporate India...
Photo: Economic Times

In Modi Era – No Special Favours To Corporate India…

Before the current government, Indian businesses and corporate houses had the unwritten assurance that if they failed or defaulted on their loans, the government of India would step in and provide relief or support. Companies borrowing excessively or gave loan guarantees to enable other companies to borrow. With Indian parliament passing the Bankruptcy law, companies get no special favours either written or unwritten. If a company… Read More

  • https://swarajyamag.com/business/india-inc-learns-bitter-lesson-in-modi-era-crony-bailouts-no-longer-possible
  • 9 Nov 2017
  • WerIndia
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