Needless to say, the estimated relationship between inflation and a country’s globalisation ranking is only indicative of the influence of globalisation on price developments, since it does not account for the effects of other determinants of inflation in each country.
In view of the foregoing, the working group recommended that RBI may prescribe that the promoters’ personal guarantee as a mandatory requirement for all cases of restructuring, i.e., even if the restructuring is necessitated on account of external factors pertaining to economy and industry.