....“But these are rich firms and the non-performing assets were removed from the books to enable the companies that were not performing to perform,” said Aiyar, adding that the Finance Minister had a lot to explain in Parliament. Aiyar’s remarks come in the wake of Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty stating that banks had written off a whopping Rs 1 lakh crore in the last 13 years. He said the government called this a stimulus to economy. This sort of stimulus is good for the economy, but is providing subsidies to the poor bad for the economy? he wondered.......
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment