|
Sinha: leaves a controversial creditors’ rights ordinance in the pipeline as he departs from the finance ministry |
||||||
Just days before he was transferred from his job as India’s finance minister in June, Yashwant Sinha tried to fulfil an old promise to strengthen the rights of creditors.
By pushing through a new ordinance, yet to be cleared by parliament, that will help banks get tough with defaulters, Sinha stirred a hornets’ nest among India’s corporate bigwigs. Jaswant Singh, his successor, faces a tough challenge in trying to get parliament to support the draft law.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
