The corporate sector does not care from where the money is coming.
Move comes as huge provisions for bad loans push loss to Rs 4,488 crore.
India is Asia's other bad debt headache.
As the DefenceExpo gets underway in Goa, Brigadier S K Chatterji (retd) says the proposed Defence Procurement Procedure 2016 should ensure that the Indian defence industry is on the path to design, develop and make in India.
Finance Minister Arun Jaitley has said that the states were free to announce farm loan waivers if they had the fiscal space and that there would be no shortfall this year in divestment and non-tax revenues.
'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.
A glance back at some of the important ups and down Indian Inc faced in 2018.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
The government has provided a long-term vision.
