Controller of Capital issues, an organ of the department of economic affairs, did not think it incongruous that in just six months after its last application was approved L&T was metamorphising from an engineering giant into a development banker. What is the role of control on capital issues if money can be raised for vague purposes and lent out without security or margin?
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.