Word: cholamandalam
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...responsibility also to ensure that the delivery systems are improved," he told TIME, and his speech acknowledged the reality of India's sclerotic bureaucracy. "The fact that someone in government has voiced this concern is a positive step," says Sashi Krishnan, chief executive of Bombay-based Cholamandalam Asset Management Co., which manages mutual funds. Chidambaram has shown that the government has the will and the wallet to help the poor. If he can now ensure that they truly get the help they deserve, his budget will be remembered even more than the one from eight years ago that the middle...
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