Current Affairs: IL&FS Crisis Explained.

Ten years after the global financial crisis, India has been hit by the IL&FS crisis which has been referred to as 'India's Lehman Moment'. The crisis has hit the stock market, led to shortage of liquidity and is still in the process of unfolding. The government in order to take care of the issue has replaced the board with a new one headed by Mr Uday Kotak. The video discusses the issues that are involved with the crisis and the way forward.