February 26, 2012: It's not uncommon to hear that industries are sick, but there are not many instances of industrialists being affected by this industry sickness. The reason, in a way, could be deduced from the comments of Dr Y. V. Reddy, former RBI Governor, at a meeting recently. Dr Reddy said the Bureau for Industrial and Financial Reconstruction (BIFR) had been manipulated many times. That is the reason, you find more industries sick than industrialists, he remarked.
HBL
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