Supreme Court ruling: SC diktat on past dues of mines will adversely impact job creation, lead to NPAs: Chakri Lokapriya

Supreme Court ruling: SC diktat on past dues of mines will adversely impact job creation, lead to NPAs: Chakri Lokapriya

Chakri Lokapriya, Managing Partner, RSB LLP, says the current Supreme Court ruling on mines, allowing states to collect past dues will mean an outgo of about Rs 60,000 crore for just the PSUs and another Rs 1 lakh crore for the private companies. So, Rs 1,60,000 crore will need to be repaid over the next … Read more