After the rush, brace yourself for the hangover.
That’s the warning from
experts with the
University of Pennsylvania’s Wharton Business School, who caution that plans for massive “stimulus spending by the Biden administration will administer only a brief boost to the country followed by
a nasty and prolonged comedown.
Will someone please tell the “experts, there is no history of federal deficit spending creating a “nasty and prolonged comedown.
On the contrary, it is a
lack of federal spending that causes nasty recessions, and those recessions are cured by
increased federal deficit growth.
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
Ajay Singh shows keen interest in Air India
SpiceJet Chairman and Managing Director Ajay Singh, along with two other investors, has shown a keen interest in the acquisition of the beleaguered Air India, The Economic Times reported. At least one of the said investors is a foreign fund.
The report claims that Singh and the other two investors are among multiple parties that have shown interest in the airlines. Singh wants to receive a 100 per cent stake, but it is unlikely to get it if he and his co-investors manage to acquire the airline, the report said citing sources aware of the matter.
Kinara Capital get $10 mn funding from IndusInd Bank; also 100% guarantee from US Int’l DFC
February 22, 2021
Funds to be used for expansion of MSME financial inclusion across manufacturing, trading, and services sectors
Kinara Capital on Monday announced securing $10 million from IndusInd Bank with a 100 per cent guarantee from the US International Development Finance Corporation (DFC).
“This is part of a debt and equity round of ₹100 crore, with equity contributions coming from Kinara’s existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation (MSDF) and Patamar Capital,” it said in a statement.
The investment will be used by Kinara Capital towards the expansion of MSME financial inclusion across manufacturing, trading, and services sectors in India.