Active Stocks
Fri Jun 14 2024 15:58:47
  1. HDFC Bank share price
  2. 1,597.45 1.05%
  1. State Bank Of India share price
  2. 840.20 -0.44%
  1. Tata Steel share price
  2. 183.05 0.30%
  1. ICICI Bank share price
  2. 1,105.10 -0.20%
  1. Kotak Mahindra Bank share price
  2. 1,717.00 -0.54%
Business News/ Budget 2019 / News/  Financing India’s growth revival
BackBack

Financing India’s growth revival

Strengthening the banking system, which is struggling with a stubborn bad-loan problem, is a crucial ingredient in reviving the economy

The form the bank rescue plan will take can significantly affect its effectiveness. MintPremium
The form the bank rescue plan will take can significantly affect its effectiveness. Mint

The pandemic has plunged the Indian economy into a contraction, and government revenues have taken a major hit. Supporting the country’s nascent economic recovery will require a massive spending package. How will the government fund the stimulus? This is the question our panel will be debating in today’s edition of Mint’s Road to Recovery series of live online discussions.

Also Read | Churn in India’s internet economy

Strengthening the banking system, which is struggling with a stubborn bad-loan problem, is a crucial ingredient in reviving the economy. But the form the bank rescue plan will take can significantly affect its effectiveness. Should there be a bank recapitalization plan in the budget? Or should the government announce privatization of major state-owned banks? What else should the budget do to create a financial system that can support higher growth and job creation? How can the budget aid in better financial intermediation—through reforms in banking or the financial markets? Discussing these issues this evening will be a panel comprising Roopa Kudva, managing director (MD), Omidyar Network India; Ashish Chauhan, MD and chief executive officer of BSE Ltd; Aymar De Liedekerke Beaufort, CEO, BNP Paribas India; and Ananth Narayan, associate professor at S.P. Jain Institute of Management and Research. Journalist Mitali Mukherjee will moderate the session. Watch live at 7pm on www.livemint.com.

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

ABOUT THE AUTHOR
Neil Borate
I head the personal finance team at Mint. I have been writing about personal finance for the past 8 years after finishing two degrees in law and economics respectively. I do what I do, to help the ordinary Indian saver and investor.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 18 Jan 2021, 05:48 AM IST
Next Story footLogo
Recommended For You