SBI did not get back the loan it gave to Kingfisher. Kingfisher was bailed out by converting the loan into shares. Now comes the news that SBI has referred 4,300 crore rupees loan taken by Hotel Leela to corporate debt restructuring (CDR). It is said that Hotel Leela has not defaulted. It wants interest rate reduced from 14% to 11% and longer schedule for payment. Perhaps the owner of Hotel Leela thinks he can default and get away just like Vijay Mallya of Kingfisher did.
Anna Hazare is on an indefinite fast for Jan Lokpal Bill. This bill is different from the Lokpal Bill the government has in mind. The government is not ready to meet representatives of activists to reconcile the two bills.
Lokpal Bill is a small step in fighting corruption at the top. The bill has made occasional appears over the last 42 years. Many people have come forward in support of Anna Hazare and there are indefinite fasts in various cities. In California, Indians marched supporting the fast against corruption. Candle light vigil has taken place.