0
By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.
Don’t have an account? Signup
Powered by :
Now understanding the length and the breadth of this economic crisis, we must know a few more points, IL&FS and its subsidiaries have a total debt pile of nearly $12 billion or Rs. 91,000 Crores. On IL&FS, the government says the management had "lost total credibility" given the fact that "huge managerial pay-outs were made despite a looming cash crunch." The government has ordered a fraud inquiry for IL&FS.
Share this article
If you liked this article share it with your friends.they will thank you later