.......Unrealistic? Not at all. With individual states getting involved even in foreign policy matters, which, strictly speaking, are outside their constitutional ambit, can finance be far behind? Or rather, should finance be far behind? The undercurrent of tension involving the yet-to-be-passed Microfinance Bill 2012 exemplifies this: the Bill is effectively set to make RBI the regulator for microfinance and weaken the states’ hold over the sector..........
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