I am at pains to understand GOI's rigid stance on a private business trying to borrow money from an overseas bank.
...and on the other hand GOI has managed to approve Rs 30,000 crores out of taxpayers money to the biggest mismanaged airline in the country. (OK ...KF can also be in contention for that title) Boy am i so glad that i no longer pay taxes to the Indian govt! Its not like 9W was knocking on the doors of the govt for a bail out freebies. I can barely understand the FDI limits but can never accept that the fact that private carriers in India are not even allowed to get loans from overseas!
