A trail of tragedy as Bellary's mining mania ends
Six years ago, this mineral-rich district in Karnataka got into a digging frenzy in a quest for quick money. Today, ravaged by a global meltdown, its miners count their losses and ponder their future.
The world around Palanivel is crumbling. Not long ago, he was a prosperous operator of 10 busy trucks in a booming business environment, but now faces personal ruin. His business has stalled. Increasing income has turned into a possibility of insolvency. The pride of being an employer is fast changing into the ignominy of loan default. All that he can look forward is to emerge from the mess and go back to his old profession - that of a driver.
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Source : www.moneycontrol.com
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