Once bitten, twice shy; the Indian banks that already have an exposure to Jet, have developed cold feet, having suffered severe setbacks after heavily lending to failed Vijay Mallya’s Kingfisher Airlines
There is a popular perception that the merger of the Rail Budget with the Union Budget since last fiscal has led to worsening of its finances, since the oversight due to an independent budget has lessened
Like the rules of grammar change only marginally, but the language remains largely the same, corruption stays on, with new rules creating newer players
In an age which is dazzled by sex, success and Sensex, a discussion on Gandhian criterion is sure to sound like a sermon
An ethical and values-based balance between big and small can be more beautiful than pure-play capitalism and naked socialism
Five decades ago, banks were nationalised to save them; over 25 years ago, they were liberalised to save them. The result: Indian banks are as much under threat, pressure, and scandals as before. Maybe more so!
Within a community or society, the semi-powerful gain more advantages in the beginning, and then the process grips the lower levels
Indians can largely be divided into five categories: the elite; the affluent, aspirers, next billionaires or the strugglers