CONSEQUENCES OF CRONY AND MONOPOLY CAPITALISM IN INDIA: THE CASE OF DHFL SCAM
CONSEQUENCES OF CRONY AND MONOPOLY CAPITALISM IN INDIA: THE CASE OF DHFL SCAM COMPILED BY DEBAPRASAD BANDYOPADHYAY “The whole world says that all the crooks in India deposit their money in banks abroad. Black money is hoarded in banks abroad. My brothers and sisters of Kanker, tell me, this stolen money should come back or not? This black money should come back or not? Shall we take back every penny hoarded by these crooks? Doesn’t the public have a right over this money? Should this money not be utilised for the benefit of the public?” “If even once, the money hoarded by these crooks in banks abroad, even if we bring only that back, every poor Indian would get free of cost Rs 15 to Rs 20 lakhs, just like that. There’s so much money.” –Narendra Modi Public rally on November 7, 2013 in Chhattisgarh’s Kanker. VIEW HERE ⤡ (As reported by ©The Boom) I. THE BACKGROUND: DHFL SCAM AT A GLANCE VIEW HERE ⤡ II. CRONY CAPITALISM IN CONTEMORARY INDIA The quest of business tycoons for politic