Modi invented Insolvency and Bankruptcy Code in 2016 exactly for making money out of loan write-offs. Arun Shourie exposed this several years ago.
They'll write off 99.97% of the loan and take money from the promoter who will buy back the business cleverly using their relatives. Here gives an clear example of how it is done.
Make no mistake @narendramodi, has institutionalized corruption in this country. It took British 200 years to loot this country and he is doing it in record time.
"#Hindutva is often equated with BJP, the Hindu nationalist party, but this ethno-religious movement has also developed deep roots in civil society since the creation of RSS in 1925. This dataset, by revealing connections between the RSS, the mother organisation, and a myriad of more or less acknowledged subsidiaries which go much beyond what is known as the "Sangh Parivar" (the RSS family), makes it very clear: Hindu nationalist activists have reached out to almost every social and professional milieu. This network is not confined to India but is expanding globally thanks to the support of the diaspora, something this database captures also in great detail."
- Christophe Jaffrelot, Research Director at SciencesPo-CERI/CNRS and co-director of the SciencesPo South Asia Programme
Explore the network map here: https://t.co/OxrS9gl0Sz
All professions, & this includes economists, must be aware of this risk:
“A group of people, all praising one another of their understanding of some phenomenon, can create a “cult effect,” where knowledge is replaced by a shared illusion”