A report by Ambit Research says that apart from meagrely increasing capex spends and setting aside 0.07% of the GDP for recapitalising banks, the government did not do much to address these two fundamental issues.
The Bureau, headed by former comptroller and auditor general of India (CAG) Vinod Rai, also discussed strategies for recapitalising banks and making them more competitive, Minister of State for Finance Jayant Sinha told reporters.
European lawmakers need to get their act together, says Jeff Chowdhry, Head of Emerging Equities, F&C Investments.