Nirav Modi Scam – How much money is Rs. 11,380 crore?
The top 1% of India's population own nearly 60% of the country's total wealth. And our financial systems seem to have been fine-tuned to function best for this economic elite. If an extremely poor villager wants to buy a goat worth Rs 5,000, micro-finance institutes would happily charge interest rates of over 30%. Meanwhile it seems to have become a trend for our ultra rich to dupe public financial institutions of massive amounts of money and then Read more [...]
