Goverment bail out policy in INDIA?

India
December 5, 2011 11:01pm CST
Hi friends, You all have heard about vijay malya asking for bail out for kingfisher airlines from indian goverment. Now there is an other rumor about the bail out process that BSNL is asking for bail out after loosing crores of rupees (having 40000 crore till march 2008 and now having only 2500 crore). I do not know about what is the policy that has been followed by goverment to provide bail out. Please elaborate.
1 response
lampar
@lampar (7584)
• United States
6 Dec 11
Government need to bail it out probably because some political elites may have money invested in the airline, they or family memebrs have vested huge financial interests in seeing the airline stay in the business. It is just another form of official corruption that seldom raise any eye-brow among electorates or raise alarm among media.
1 person likes this
nitish_ausumn
@nitish_ausumn (603)
• India
20 Dec 11
Hello lamper, Thanks for response. You are quite right in this particular case as Malyas family has enough money and they can themselve give funds to their airline but still they are asking for bail out. And apart from that they are still buying useless worthy items. But question still remains the same what is actual policy of having a bail out........... ANyone now-a-days asking for bail out.
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