Mr Jaitley, hasten slowly4 min read 18 Jun 2014, 11:04 AM IST
The financial sector is not a playground for hyperactive, revolutionary changes under the garb of decisiveness
From a point when nothing seemed to be moving, the nation now wants the finance minister to act as chief restoration architect and bulldozer combined. So, merge Andhra Bank with State Bank of India, eliminate subsidies, privatise public sector banks, increase pay of officers at state-owned banks five times over and so on. If there is some time left, increase foreign direct investment (FDI) in insurance to 100%. Apparently, he has the numbers in his favour, so this is the time to strike hard, right?
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