Congress vice-president, Rahul Gandhi accused Narendra Modi government of promoting crony capitalism at a cost to the small and medium enterprise. “The debt of farmers in Gujarat is to the tune of Rs 36,000 crore, but Tata Nano has been given Rs 60,000 crore loan at 0.01 per cent,” Gandhi[Read More…]
Tag: Crony capitalism
Identity-based politics leads to crony capitalism: Raghuram Rajan
Former RBI governor, Raghuram Rajan, has attacked the identity-based politics and said that it leads to crony capitalism and a breakdown of the system ultimately. While speaking at the University of Chicago’s Stigler Center conference on the political economy of finance, Rajan said, “Think of a town where you have[Read More…]
In Yogi’s UP, meat shop owners turn tea vendors
As the crackdown against slaughter houses are intensifying in Uttar Pradesh under the saffron rule, meat shop owners are constrained to sell tea to make ends meet. “My meat shop has been forcefully closed even when I had proper license, forced to sell tea now,” Nazakat, a resident of Muzaffarnagar,[Read More…]