Barking up the wrong tree

The government’s decision to infuse more funds (over and above the Rs 14,000 crore set aside in Budget 2013-14) to beef up the capital of public sector banks is totally ill-conceived. It is also a sad commentary on the singular dearth of fresh ideas. It is a throwback to the pre-reform days when banks were told whom they should lend to and at what rate!..........

Read - ET