Reliance Industries

AFP/Getty Images

Modi’s Image In The Jio Ad Is A Snapshot Of Our Times

Take a momentary pause and visualize US President Barack Obama munching French fries alongside a mammoth McDonald’s cheeseburger in a full-page ad in the New York Times. That would appear blasphemous -- the Commander-in-Chief playing corporate salesman in a hotly contested space also featuring Burger King, KFC, Shake Shack and the ilk. Such an event actually occurred in India when Prime Minister Narendra Modi featured in the ad for telecom brand Jio, launched by India’s biggest industrial behemoth, Reliance. Goodbye propriety?

NPA Crisis: A Classic Case Of Crony Capitalism

Recently, The Indian Express, on the basis of a response to its RTI application, reported that 29 state-owned banks have written off a total of ₹1.14 lakh crore of bad debts (technically called non-performing assets or NPAs) between financial years 2013 and 2015. This is an atrocious waste of public money and a classic case of crony capitalism.