In the past few years one has seen the spectacular failure of industrial groups and businesses, the latest being Jet Airways. Of course, they are privately run and have their sets of practices, but when it comes to the stage of ending up in a debt trap and being unable to pay creditors and financiers, it becomes a different ballgame especially when it involves public money. Why did bankers finance these units without proper checks and balances? The government seems helpless too in taking action.
Deepak Saraf,
Bathinda, Punjab
