Recently a Bloomberg opinion article by Andy Mukherjee proposed to nationalize private telecom player Vodafone-Idea in the wake of their financial struggle and a possible exit from India which will result into job and economic losses. Author says, The world’s cheapest data costs have done wonders for India by helping spread the benefits of the […]
Tag Archives: Nationalization
02
Oct
Oct
IL&FS insolvency is rocking the Indian stock markets right now. The situation is so grim that the Modi government has now “nationalized” the company! They have bailed out a private limited company by using public money. The news is coming out that, as usual, LIC and state bank of India (SBI) are being coerced by […]