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‘Bringing oil under GST won’t solve problem of rising prices’

DNMUM415982 | 6/12/2018 | Author : Anjul Tomar | WC :1209

POLICY CORRIDOR Principal economic advisor Sanjeev Sanyal expects PSU banks to be on track in a quarter or two

The government is trying to get back on track the country’s banking sector which is under tremendous stress due to a staggering level of bad loans. Sanjeev Sanyal, principal economic advisor to the finance ministry, in conversation with Anjul Tomar, talks about how he expects the public sector banks to be on track in a quarter or two. Sanyal advises the government to clean the banks’ balance-sheets and get them to start lending normally first, rather than jumping to consolidation. And once that happens, the economy will see more growth, he says.
How will the hike in repo rate impact the growth momentum?
Capital becomes more expensive when the central bank increases rates. The government only gave RBI (Reserve bank of India
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