Rescue Operation

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Rescue Operation
  • Rs 9,000 crore pumped into IDBI to write off bad corporate debts

  • 30 per cent of the funds will erase loans to Enron from IDBI's books

  • Iron and steel majors, whose debts may be written off, will also benefit from this largesse

  • The package is being questioned by experts as the taxpayers will have to take the hit.

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