India’s Crony Capitalism Claims Another Victim
Shaktikanta Das, governor of the Reserve Bank of India (RBI), left arrives at a news conference in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India’s Crony Capitalism Claims Another Victim

(Bloomberg Opinion) -- You don’t adopt a modern insolvency law in the expectation of damaging the credibility of your central bank. But that’s just what has happened in India.
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