 "IL&FS")
A few days ago the Modi government celebrated the second anniversary of its surgical strike against Pakistan. One wishes there were surgical strikes on other equally important areas as well. Unfortunately, from September 2, when Moneylife broke the story of Infrastructure Leasing & Financial Services (IL&FS) having defaulted on a payment of Rs 10 billion in short-term obligations to Small Industries Development Bank of India (SIDBI), till today, there has been precious little done by the government to fix the problem.
Sure, the Reserve Bank has developed a spine suddenly and is talking tough, but not yet on IL&FS. In
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