Here is one self-evident manner in which the “quid pro quo” might have worked after the electoral bonds scheme was launched in 2017.
The many gifts to big business
It may be recalled that the scheme was launched mid 2017, just after the economy was delivered the twin shocks of demonetisation and the launch of a messy Goods and Services Tax. There is enough literature available to suggest that these events broke the back of micro, medium and small scale industry and helped the big corporates further consolidate their market share at the cost of small industry. In subsequent years, many large companies openly admitted – indeed touted – as their achievement that they had taken away substantial chunks of market share from the players in the small and unorganised sector who could not recover from these twin shocks.
by M.K. Venu
19/02/2024