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'Modi'fied banking rules, a Rs 140-bn scandal and a mortified common man

Will the upright citizen now start thinking that paying taxes and servicing loans honestly is for fools?

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Mitali Saran
I’m no good with financials. When people talk about futures and hedging and shorting, I think of retirement, shrubbery, and electrical fires. When they talk about interest rates and capital gains, I think about guitar practice and metro lines. But I have come to realise that there’s a lot of money to be made in India if you’re good with financials—and by good, I mean so bad that it’s criminal.

I only dimly understand the Nirav Modi-Punjab National Bank scam because of the helpful ‘explainers’ put out by Reuters and The Wire and scroll.in etc. Some badly brought up

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