CRONY CAPITALISM

  • Crony capitalism hampers economic growth: RBI governor August 11, 2014

    Mumbai: Reserve Bank Governor Raghuram Rajan on Monday came out strongly against "crony capitalism", saying it kills transparency and competition and hence is harmful to free enterprise, opportunity and economic growth. "By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth," Rajan said, delivering a...
  • Narendra Modi supports crony capitalism, says Chidambaram April 13, 2014

    The Congress continues to target BJP's prime ministerial candidate Narendra Modi and Finance Minister P Chidambaram has now said that the former supports crony capitalism. In an interview to CNN-IBN, Chidambaram also hit out at India Inc for calling business leaders fickle. ...
  • Cong hits back at CAG, calls Vinod Rai's speech unfortunate February 8, 2013

    New Delhi: Congress General Secretary Digvijaya Singh on Friday hit back at Comptroller and Auditor General (CAG) Vinod Rai after he blamed the government of crony capitalism during a speech at Harvard. Reacting to Rai's speech, Digvijaya said, "If not an accountant, what does he want to be? The Prime...
  • Govt should support enterprise, not entrepreneurs: CAG February 8, 2013

    New Delhi: In a hardhitting speech, the Comptroller and Auditor General, Vinod Rai, has defended his role. Rai has said that the role of the public auditor cannot be confined only to placing reports in Parliament. During a speech at the Harvard Kennedy School of government, Rai spoke on the...