Create a better securities market to avoid another IL&FS panic, says andymukherjee70 via bopinion
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India stems liquidity crisis with IL&FS rescueNew Delhi’s decisive move to take charge of an infrastructure lender that started to default on a $13 bln debt pile brings short-term relief to the money market. Yet rising interest rates will bring more pain: the country’s shadow banks are still highly vulnerable.
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India's troubled lender IL&FS misses more debt payments
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