Telecom Sector: The Next Big Crisis for Banks?
After infrastructure, construction and housing sector, the telecom sector will create the next crisis for banks.
After infrastructure, construction and housing sector, the telecom sector will create the next crisis for banks. From the 1990s, we have given free money from banks to the private sector to build infrastructure -- a classic case of privatising profit and socialising the losses. But using public money in this way has now reached a dead end. Senior journalist Aunindyo Chakravarty and NewsClick's Prabir Purkayastha talk about this issue in detail.
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