Finance Minister Arun Jaitley on Saturday announced a slew of measures which experts said would help “energise” the banking system further, power recovery of loans and streamline decision-making.
In the absence of a recapitalisation roadmap, the government has to bring down its stake in banks to below 51 percent
The responsibility of acting on recommendations such as reforming state-run banks and bringing in bankruptcy laws, rests with the government.
Until the time the government remains the majority owner in state-run banks, it can’t escape from the responsibility of funding these entities
With the opposition spoiling for a fight, the Modi government has a tough fight on its hands to get its various ordinances through. To negotiate this opposition, it will need to be both smart and flexible. It needs a Plan B and a Plan C.
For rural students, banks should offer loans at concessional rate and with 100% guarantee from the trust. Also, in case of default, the trust will need to pay 75% of the loan to banks.
he government is considering scrapping a dividend distribution tax in its annual budget this month
Beyond the pacifying words on autonomy and support at the Gyan Sangam, Jaitley will have to bring himself some concrete roadmap in the budget