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What caused the IL&FS scam?

Sujit Nair

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on


 It was in July that IL&FS was given the highest credit rating of AAA. But now the company seems to be in the doldrums. Its CEO Ravi Parthasarthy has already flung the country quoting medical reasons. The SFIO has already sent a lookout notice for K Ramchand, Arun Kumar Saha and all the top executives of the IL&FS. But the more important question is that while is it obvious that the IL& FS was a quite mismanaged company right from its start, what is it that caused the scam? Mr. Sujit Nair, Managing Editor of HW News Network and Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance share their insights on the matter.

Beyond Headlines

Finance Minister Arun Jaitley takes a jibe at bureaucrats

Sujit Nair

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on


Recently in Atal Bihari Memorial Lecture, our finance minister Arun Jaitley stated that it is the politicians who are accountable and not the technocrats. But the question arises, that is Chidambaram not accountable for the NPAs that exist in the economy ? Is PM Modi not accountable for Nirav Modi’d escape? While the bureaucracy is to accomodate the finance minister, PM, and so on, where is the accountability? Mr. sujit Nair, Managing Editor of HW News Networka and Mr. Akhilesh Bhargava Business Editor of HW Business and Finance shares his insights on the matter.

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Beyond Headlines

59-minute loan or 59-minute scam? Q/A

Sujit Nair

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on

Eversince the show of the scam of the 59-minute loan rolled out, HW News was flooded with a horde with questions. Mr. Sujit Nair, Managing Editor of HW News Network and Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance answer the questions on the matter

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Beyond Headlines

Ease of doing business! Really???

Sujit Nair

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on


India went 23 notches up on the index of ease of doing business. Still there’s no foreign investment. Not one start up has grown the way Flipkart once did. So do these ratings and indices really matter? Aren’t they looking good just in theory? Mr.Sujit Nair, Managing Editor of HW News Network and Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance share their insights on the matter.

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