Why you need to know whats happening in India ? \
As a wise man said: Keep your friends close, and your enemies closer.” !!! As a informed person, we should know whats happening in our neighborhood. Its also a very good case study for the economist and accountants.
"India's government ordered mobile carriers on Friday to "immediately" pay billions of dollars in dues after its Supreme Court threatened the companies and officials with contempt proceedings for failing to abide by an earlier ruling.
Vodafone Idea, which owes the Indian government $4bn in dues and whose shares have tumbled more than 40 percent since October, has said it has no plans to commit any more equity into India Vodafone may also close its operation !!!"
India’s top court orders telecoms to ‘immediately’ pay dues
Analysts worry that the court’s move could harm both India’s government and the companies.
www.aljazeera.com
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