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Chidambaram expresses concern over crony capitalism, says nation needs not just 5 but 500 business houses
Situation in the MSME sector is quite terrible, Chidambaram said adding the government should consider giving loans to micro and small businesses at concessional rates so that they survive.
PTI
P Chidambaram (File Image: PTI)
Expressing concern of crony capitalism, Congress leader and former Finance Minister P Chidambaram on Saturday said the government needs to create an atmosphere where everybody is treated equally and ensure that not just five but 500 business houses are expanding.
Today we have crony capitalism. That cannot be denied. I can give examples of crony capitalism, you know it as well as I do… As long as you have crony capitalism those who are not your cronies will hesitate to start business , said Chidambaram. ....

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