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India’s high-street banks and stress loan players — also known as asset reconstruction companies (ARCs) — are locked in a cold tussle for the last two months.
The freebies promised by the Congress party that swept the Karnataka polls could spur competitive populism in the build-up to the 2024 general election, experts said, warning reckless giveaways would hurt long-term growth and development prospects.
The Centre is likely to opt for a fact-checking team led by the Ministry of Electronics and Information Technology (MeitY) to verify any information pertaining to the government that is published on social media and internet intermediaries, a top official told ET.
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