Sobering counsel (Livemint)


India’s chief economic adviser K. Subramanian has some sobering, if curt, advice for private companies. He wants them to stand on their feet, and not ask for government bailouts when in distress. Asking for such support, he believes, amounts to socializing losses, while the same firms get to pocket profits when the going is good….


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Updated: August 23, 2019 — 4:57 PM