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Indian Pilferers League

“There are three kinds of people; the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s,” said Earl Wilson, the American journalist. The aphorism impeccably matches the wicked state of bad loans in the Indian banking system. The country’s bad loans have come within kissing distance of the 10 lakh crore mark! The case of

A welcome measure to tackle NPAs…

The takeover of the debt-ridden Bhushan Steel by Tata Steel at the cost of Rs 35,000 crore is a watershed in India’s industrial history. Former Finance Minister P Chidambaram, at the fag end of UPAII, used to lament over Rs 800,000 crore of investments remaining stuck. Several projects had gobbled up