A complaint filed with the Central Vigilance Commissioner (CVC) confirms Abraham’s allegations that “the finance minister and his advisor pressurized the SEBI chairman to manage some high-profile corporate cases”.
“The much discussed Ambani split is a charade to deflect attention from a well thought out plan to split family wealth,” a report by an investment research firm states.
Our iron ore is finite, unlike the venality of our politicians and kleptocrats. And so, according to conservative estimates, it will last for another 60 years. Under the circumstances, should we start exporting it to China at a throwaway price (compared to what it will fetch when the commodity gets scarce) to the detriment of the future generations? Or should we be conserving the resource and exploiting only that which is needed for the development of the country? Are we not stealing from the future generations?