Questions and Answers - Moneylife

Union Budget 2016-17 - Moneylife



COURAGE TO ANSWER SOME QUESTIONS


This is with regard to “Wilful Defaulters Are a Result of Wilful Blindness” by Sucheta Dalal. Thank you for this article. When many are asking questions, Moneylife has shown the courage to answer some of the questions, including those raised by Mr Mallya. On 13 March 2016, I was reading an article by TV Mohandas Pai and wondering why authorities are after Mr Mallya whose Kingfisher Airlines’ default is a small amount compared to the Rs30,000-crore loss suffered by Air India. 
 
I suggest that Mr Pai, too, can take the initiative in exposing the squandering of public funds which include bank deposits, money raised by corporates and so on. 
 
Of late, every allegation is countered by another bigger allegation against someone else. The interests of the taxpayer, depositor and every citizen, who adds value to India’s GDP, need to be protected. Now is the time when authorities have woken up and the government is in no position to bail out wilful defaulters or anyone who is mismanaging ‘public funds’. Mr Mallya may be a member of the Rajya Sabha owing his position to the support of political parties. Even those political parties cannot rescue him from the present predicament in which he has landed.
 
MG Warrier

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