India is finally cleaning up past mistakes of evergreening by banks & Crony capitalism. May be in a year or two, business culture will change to more transparent and well managed companies. Short term pain inevitable, but a welcome change for the world to invest in India
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Just companies and banks in India don't know how to do creative financial tricks as in USA and China
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@PiyushGoyal@PiyushGoyalOffc@PMOIndia is government taking effective actions (including IBC) to get over this issue and punish such corporates?@Swamy39
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Modi Sakar
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abroad.
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The government of India is writing off these loans and are even helping some of the defaulting companies to get lucrative contracts from
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These are exlc personal loans. But you make a good point. Adjusted they are probably the same
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