No country can take growth for granted. Even taking account of the near infallibility of such a platitude, the continuing softness of India’s growth in the past few years has been extraordinarily humbling.
Will Vodafone Idea, unarguably the weakest player in the Indian telecom sector with a pile of debt and huge statutory outstanding, manage to stay afloat after the Supreme Court’s decision to grant mobile operators a period of 10 years to pay pending AGR dues?
Lenders have sought clarification from RBI on whether the maximum two-year extension of loan tenure that has been allowed is inclusive of the time for repayment of dues during the moratorium.