ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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L&T-CCI Authority Sans Expertise

Controller of Capital issues, an organ of the department of economic affairs, did not think it incongruous that in just six months after its last application was approved L&T was metamorphising from an engineering giant into a development banker. What is the role of control on capital issues if money can be raised for vague purposes and lent out without security or margin?

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