Attributing high bad loans mainly to steel, road and power sectors, Finance Minister Arun Jaitley on Wednesday said the government has initiated several steps to deal with the NPA problem and more are on the anvil to protect the domestic steel industry.
Dr Charan Singh, Professor of economics, IIM Bangalore and Mr Sharad Sharma, Managing Director, State Bank of Mysore talk about resolving the worry for banks, augmenting NPAs.
If the government does not support the industry where there is disproportionate advantage in one country vis-Ã -vis India, the industry will die over a period of time, says management of Kalyani Steels.