Banks and budget: cut stake in PSU banks, rein in inflation

.........Third, the government should chart out a clear plan to cut its stake in public sector unit (PSU) banks, as recommended by the P.J. Nayak Committee. That will help with the fiscal deficit problem as divestment will raise funds. Moreover, banks will be allowed to raise more money from the open market and it solves the recapitalization problem. In the...........

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