TK Arun

TK Arun

TK Arun is a Senior Journalist and Columnist based in Delhi.

The name is bond, FinCat Bond: Sense on AT1 Bonds

Recognise AT1 bonds as insurance, rather than pure debt. Once AT1 bonds are understood as insurance by a bank that is still a going concern, against a calamitous loss, the expectation that they should be bailed in only after equity is written off would disappear

The high-decibel angst of investors in Credit Suisse’s Additional Tier 1 (AT1) bonds that were fully written off before selling the bank to rival UBS for $3.23 billion resonates with investors in Yes Bank’s AT1 bonds, who are currently litigating against such a write-off at the hands of the RBI-appointed administrator, before the troubled bank was transferred to State Bank of India.

The Unease of Doing Business with DMRC

Yet, a company owned by GoI and the government of Delhi, the Delhi Metro Rail Corporation (DMRC), is crushing EODB under the wheels of its growing fleet of world-class trains, in the most spectacular fashion possible

If god has a competitor, even in a limited capacity, it is the Government of India. GoI combines in itself the trinity of creator, preserver and destroyer when it comes to ease of doing business (EODB).

Ruling Dispensation and Convicted Defamation make Rahul Gandhi voice of Democracy

Through relentless persecution, the ruling dispensation has vested Rahul Gandhi with a political salience he had lacked

Sometimes, two wrongs do make a right. Rahul Gandhi’s conviction for defamation and his expedited disqualification from Parliament show how right he was when he said in London that India’s democracy is under attack. The ruling dispensation’s political practice itself comes to Rahul Gandhi’s defence, when it comes to offering substantive proof of his claim.

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