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The Quint's editor-in-chief Raghav Bahl speaks on business, politics and policies.
254: Did PM Modi Unwittingly Help Cronies, Punish Investors Over IL&FS?
Raghav's Take
8 minutes
5 years ago
254: Did PM Modi Unwittingly Help Cronies, Punish Investors Over IL&FS?
By not going for a TARP-like bailout, Prime Minister Modi has given an extra gain of Rs 30,000 cr to crony capitalists who allowed IL&FS to crash, while levying an extra tax of Rs 2,00,000 cr on ordinary/innocent investors, like you and me.
The above is very simple arithmetic, but a team of IAS babus (bureaucrats) will never understand it, because it is deeply suspicious of market forces. And Prime Minister Modi has surrendered his economic policies to them, keeping entrepreneurs, tailors and firemen out.
Raghav's Take
The Quint's editor-in-chief Raghav Bahl speaks on business, politics and policies.
