Vodafone-Idea, Bad Bank and ‘narcotics jihad’
It was economic salvage week for the government. A package for the telecom sector was finally approved and announced, which makes it clear that the government favours three private players competing amongst themselves rather than a duopoly. The government also announced the formation of a bad bank to buy out Rs 2 lakh crore (Rs 2 trillion) worth of bad loans from the troubled Indian banks.
