Executives say it has enough capital and cash to weather the current storm.

Even when the current storm abates, PE will be a smaller, humbler industry.

However, it insists that it will weather the current storm in continue to operate.

Instead, Beijing should view the current storm as a chance to regain its monetary freedom.

That would mean lower economic growth than would otherwise be the case, even once the current storm has passed.

So the current storm over journalists accused of obtaining favours from the current BJP-run dispensation comes as no surprise.

Mr Blatter said: I am being held accountable for the current storm - so be it, I will shoulder the responsibility.

Enterprise spokesman Willie Penrose said a plan of action was needed that would enable companies to ride out the current storm.

He has warned about the danger of further cyclone damage before the current storm season ends, saying people in at-risk areas must be prepared.

Even before the current storm, institutional investors, which account for the bulk of the industry's funding, had pared investments in loans from marketplace lenders.

He said there was evidence of more extreme weather events and no sign that the current storms and rain were going to abate.

A decade and a half of good growth has put him and his leadership team in a strong position to brave the current storms.