Year end rush to balance the books

April 01, 2015 12:20 am | Updated 12:20 am IST

NEW DELHI, 30/04/2013: Bharti Infratel, the tower arm of Bharti Airtel tied up with telecom units of Reliance Industries to lease out its towers, announcing the deal, a joint statement had said that Bharti and Reliance Jio would continue to build on this "strategic framework" and consider other mutual areas of cooperation and development. Photo: V.V. Krishnan

NEW DELHI, 30/04/2013: Bharti Infratel, the tower arm of Bharti Airtel tied up with telecom units of Reliance Industries to lease out its towers, announcing the deal, a joint statement had said that Bharti and Reliance Jio would continue to build on this "strategic framework" and consider other mutual areas of cooperation and development. Photo: V.V. Krishnan

This time around, the final day of the financial year has been witness to hyper activity. Listed corporates rush in to quickly fill their boards with women directors to meet the deadline set by the Securities and Exchange Board of India (SEBI). The Government, too, does every trick up its sleeves to show a healthy balance sheet. The successful bidders in the recently-concluded spectrum auction have time till April 8 to make part-payment. Why not advance these part-payments? That is what New Delhi has asked them to do. Bharti Airtel, Idea Cellular and Vodafone have done it. How many had obliged the Government's request? Perhaps, we will know on the first day of the new financial year.

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