Although integrity is not exactly rocketing skywards in the Indian media, declaration of assets is anathema to most journalists. The Editors Guild of India (EGI) has periodically tried to bring up the issue but in vain. So, honesty and accountability is a largely voluntary affair.
How heartwarming, therefore, that the maverick business journalist Swaminathan S. Anklesaria Aiyar should open his family books to make the point that it is not just Gujarat-based Adani alone that has benefitted most from Narendra Modi‘s rise but midcap stocks like those held by his family members, too (see graphic).
Let the record show that Aiyar’s grandfather and the grandfather of veteran Bihar Congressman Rameshwar Thakur ran a chartered accountancy firm in Karachi in the early 20th century under the masthead “Thakur, Aiyar & Associates”, which paid 97 per cent in income tax.
Infographic: courtesy The Economic Times
Read the full article: Market boom not led by Modi‘s cronies