The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
'On the road, you see only youth in Swiggy, Big Basket and Zomato uniforms.' 'Just now, I had a delivery from Amazon, and do you know what his qualification was? He was an engineering graduate!' 'The Ola driver who took me to the airport had an MCom degree. 'Where is the match between education and employment?'
'We have been telling the government that we need handholding.' So, we sent a series of recommendations to the government, but nothing happened.' 'And the condition of industry became worse.'
'The finance minister said, the MSME is the backbone of the economy. My question is, what have you done for the sector?'
'...for at least 6 months and give them peace of mind to get back on their feet.' 'Entrepreneurs are suffocating and not able to run their companies peacefully.'
'If you pay Rs 1,000, you get a special queue.' 'If you pay Rs 500, there will be another shorter queue.' 'There will be a separate queue for Rs 300.' 'Is this the way you give vaccine to the people?'
'How does it matter to me if a foreigner comes, starts an industry and makes India a $5 trillion economy when I am dead?'
'Are they assuming that by the end of May or the 15th of June, we will see the end of the pandemic?'
The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry - Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, and Royal Enfield - are based.
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