News for hackers. Stuff that matters.

A comment on India’s Bad Debt Is Looking Better to Investors. Parent comment

Re:India’s Bad Debt Is Looking Better to Investors by rama_dan on Wednesday May 31, 2017 @11:11AM (#14453130)
> The Indian government needs to ensure that there is no disorderly unwinding of the debt markets that hurts citizens.

You saying that suggests you think they actually give a flying fuck about the citizens or their interests. In reality they don't, of course.

[ Parent | on HN ]
Re:India’s Bad Debt Is Looking Better to Investors by sage76 on Wednesday May 31, 2017 @02:05PM (#14454618)
I don't know why you got the downvotes. Caste politics has been rampant in India. Fiscal management is an afterthought, if at all that. Most of the elected officials and bureaucrats are there to line their pockets. Not unlike some other countries, like Russia.

I have friends who had to pay bribes for every little thing, company registration, getting the VAT certificate, Police verification etc.

[ Parent | on HN ]
Re:India’s Bad Debt Is Looking Better to Investors by rama_dan on Tuesday June 06, 2017 @10:52AM (#14497648)
> Most of the elected officials and bureaucrats are there to line their pockets.

That's the same everywhere of course. In some countries it's just more blatant and short-sighted than in others.

> I have friends who had to pay bribes for every little thing, company registration, getting the VAT certificate, Police verification etc.

Yyep! And all those pointless bullshit requirements are in place so that plenty of pissy little parasites get to collect their bribes.

[ Parent | on HN ]
Re:India’s Bad Debt Is Looking Better to Investors by sumanthvepa on Wednesday May 31, 2017 @11:40AM (#14453348)
True, but they do want to win elections, don't they?
[ Parent | on HN ]