Latest Stories from Aashka
The perils of sidelining younger politicians in India
How veteran leaders clinging to power can breed discontentment and defections. When it comes to power within a political party, state or nation, politics does seem to be a zero-sum game. This was seen recently in the state of Maharashtra, one of the most electorally significant in India. Ajit Pawar, a politician of the National Congress Party (NCP) broke away, taking a band of parliamentarians with him and was made the deputy...
RBI issues a ‘get out of debt (relatively) free’ card
A new circular from the Reserve Bank of India allows willful defaulters and fraudsters to make compromise settlements with banks. In a turnaround from its 2019 guidelines, which dealt harshly with willful defaulters and fraudsters, in June 2023, the Reserve Bank of India published a series of circulars which make these borrowers eligible for compromise settlements. Now, those who have purposely misused the funds lent to them or refuse...