30 July, 2021


Business in bitesizes


1. Best FM is watching you 

The whispers are getting ominous—a signal is being sent out that the BJP government is planning a crackdown on business houses and public banks for financial misdemeanor, especially fraud. The decision by the FinMin (under Arun Jaitley, recently awarded ‘Best FM of Asia’ by Emerging Markets) stems from discussions on last year’s major loan scam case involving Syndicate Bank and several other banks. What has sent a chill down the spine of industries is that various investigating agencies have been asked to fulfill targets and prosecute. The spotlight is on bad loans that were sanctioned in the first place. Expect heads to roll.


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