Prime Minister Narendra Damodardas Modi, guided and assisted by globally -acknowledged experts like RBI Governor Raghuram Rajan and Banks Bureau Board (BBB) chief Vinod Rai, is set into a path of non-partisan secularism in their approach and dealing with the mounting problem of corporate indebtedness. To ensure that banks are able to clean up their balance sheet by March 2017, even as high and mighty as Reliance Industries of Mukesh Ambani Group has been told in clear terms to come clean and set their house in order. In this second part of our series of articles, we are pleased to inform you of the indebtedness of two largest industrial houses of the country. India's largest debtor, Mukesh Ambani's Reliance Industries (RIL), has a total debt of Rs 1,87,079 crore (up from Rs 62,500 crore as on March 31, 2010, mainly because of the Rs 1,50,000 crore rollout of Reliance Jio), the biggest among all corporate houses, and the largest ever in Indian corporate history. But it's also one of the best-rated firms in servicing its interest, so banks are happy to offer RIL loans at competitive rates. Analysts believe that huge debt may weigh down the profitability due to interest outgo and depreciation after the commercial rollout of Reliance Jio, if it is not able to scale up quickly. In that scenario, it may be constrained to sell off its assets to pay up the loans of banks. By M K Shukla and Rakesh Ranjan Web-link: News dated 21 May 2016 Modi Administration cracks whip (Part-01) : leveraged cos asked to pay back loans http://www.indianmandarins.com/modi-administration-cracks-whip-part-01-leveraged-cos-asked-to-pay-back-loans/