1:
Courtesy:Frustrated Professionals
The current Govt doubled, even trebled, the taxes on oil to soak up the bonanza; and made the problem worse by spending it on grand welfare programmes that are notoriously inefficient and leaky.
Courtesy:Frustrated Professionals
The current Govt doubled, even trebled, the taxes on oil to soak up the bonanza; and made the problem worse by spending it on grand welfare programmes that are notoriously inefficient and leaky.
2:
To illustrate just one stark example: 200,000 tonnes of grain was illegally diverted using dummy Aadhaar/biometric identities in one district of Uttar Pradesh!
tinyurl.com/yc3dmks9
To illustrate just one stark example: 200,000 tonnes of grain was illegally diverted using dummy Aadhaar/biometric identities in one district of Uttar Pradesh!
tinyurl.com/yc3dmks9
3:
Without even a courteous fig-leaf, the Finance Ministry announced the merger of three banks, whose Boards and CEOs were clueless. They were ordered to do it. Bank of Baroda, the strongest with nearly $80 billion in deposits, crashed by 14 percent.
Without even a courteous fig-leaf, the Finance Ministry announced the merger of three banks, whose Boards and CEOs were clueless. They were ordered to do it. Bank of Baroda, the strongest with nearly $80 billion in deposits, crashed by 14 percent.
4:
The $25 billion Vijaya Bank was mauled by 12 percent. Irate shareholders, taken for granted by an insensitive bureaucracy, had voted with their feet
The $25 billion Vijaya Bank was mauled by 12 percent. Irate shareholders, taken for granted by an insensitive bureaucracy, had voted with their feet
5: With much fanfare, the finance minister announced “bold measures” over a weekend to stem the free-falling rupee. Unfortunately, these actions were puny, designed to somehow suck in short-term dollars to buy a few days’ time. No structural or strategic thought was in evidence.
6:
In a brutal repudiation, the rupee crashed by nearly over 100 paise on Monday morning
The co-founder of Yes Bank was summarily sacked by the regulator. He had helped create billions of dollars of shareholder wealth. But he wasn’t shown cause;
In a brutal repudiation, the rupee crashed by nearly over 100 paise on Monday morning
The co-founder of Yes Bank was summarily sacked by the regulator. He had helped create billions of dollars of shareholder wealth. But he wasn’t shown cause;
7:
He wasn’t asked to defend or clarify his “mistakes”. Could these have been genuine errors triggered by fuzzy guidelines? At least that question should have been asked and settled in a transparent manner. But no. Wham. Sacked. The stock fell by 30 percent in one day.
He wasn’t asked to defend or clarify his “mistakes”. Could these have been genuine errors triggered by fuzzy guidelines? At least that question should have been asked and settled in a transparent manner. But no. Wham. Sacked. The stock fell by 30 percent in one day.
