IL&FS Mess: 4 Reasons Why Bad News Will Keep Spilling Out
Alarmed by the possibility of a contagion from the defaults of Infrastructure Leasing & Financial Service (IL&FS) spreading across the financial sector and the real economy, the government has promptly acted to change the IL&FS board. The swift action is commendable; but this was the easy part. 
 
The problem inside the IL&FS group is so huge that a group of five well-intentioned...
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