Comments on: Kingfisher situation an example of India’s free market/welfare state identity crisis Perspectives on South Asian politics Thu, 02 Jun 2016 08:03:22 +0000 hourly 1 By: Ramanan Tue, 15 Nov 2011 13:14:39 +0000 Kingfisher Airlines owned by the Liquor Baron Vijay Mallya is facing crisis after crisis,bills over due to the Oil Companies,cancellation of flights,huge out standings to its debtors both big and small, pilots leaving because of non-payment of salaries among other things.

There was a suggestion from the Civil Aviation Minister that he will talk to banks to lend money to Mallya to run the Airline.

The Central government is reported to be contemplating a bail out Plan.

Now Mallya comes on TV Live blaming every body for the state of his company,though graciously admitting(!?) that he has some problems(!),calling for reduction in Aviation fuel prices,high taxes on Fuel, non lucrative routes and Competition.

A private entrepreneur enters a business knowing all the risks.He makes profits and he does not share it with the common man or banks.

Bottom line is you have not run your business properly and that you owe money to banks , your Creditors and the Oil companies.

In short you are without money to run your business.

Does any one go to a bank and say that he has suffered a loss and would the Bank extend more money?

Would the banks agree to it?

They will attach your property and leave you with your loin cloth.

Why the different treatment to Mallya who owns one of the largest Liquor companies in India,owns race horses,owns Cricket team and has a l penchant for High and Vulgar Living?

Let him pay up or close down.

No more talk of restructuring ,job loss non sense.

India seems bent on Bail out mode in the foot steps US.

If poor people are helped by the Government it is ridiculed as ‘Welfare State‘

But bailing out criminally negligent businessmen,it is economic growth?

By: averagejack Mon, 14 Nov 2011 11:30:22 +0000 India may not be a “free market” but the private sectors has been given so many concessions starting from setting up infrastructure to running operations. It was the same Mallaya who asked the govt to privatise AI.