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Showing posts from December 20, 2014

The Adani-Modi Relationship

The Adani-Modi Relationship By  Deepak Parvatiyar December 20, 2014 The state-owned State Bank of India’s recent $1 billion line of credit to the Adani Group for a coal mining project in Australia stirred up a hornet’s nest. The Opposition smelled a rat in the deal and attributed it to the ‘blessings’ of Prime Minister Narendra Modi on Gautam Adani – the first-generation billionaire businessman from Gujarat. The controversy has shifted the spotlight on Adani yet again. He was very much in news when Modi used his private jets for his electrifying campaigns as the prime ministerial candidate during the last General Elections. Adani’s Fortunes Rose Phenomenally during Modi’s Stint as Gujarat CM The strides that the Adani group made during Modi’s chief ministership in Gujarat are very much envied by his rivals. You may also like to read Modi in Fiji: Visit of Geo-Strategic Significance Causes of Corruption in Indian Bureaucracy Figures suggest that during