J.S. Deepak’s transfer may have been prompted by his conflict with Reliance Jio and TRAI and reflects poorly on an already controversial, crony capitalism-prone sector.
Three years ago, the US indicted Dmytro Firtash and Congress MP K.V.P. Rao in an $18.5 million bribery scandal involving mining in India. Why has India not investigated the offence yet?
The RBI governor’s no-nonsense attitude in dealing with debt default did not go down well with the big business interests, leaving the political class feeling uncomfortable and insecure.
Finance Minister Arun Jaitley made a counter argument that India’s economy is far more resilient today than it was in 2008. He probably knows, not many in Davos would have agreed with him.