The recapitalisation of banks fits into the pattern set by other developments that indicate we are moving away from the Modi promise of less government.
The Narendra Modi government has invested too much time and capital to further its political conquest. Today's crisis shows it may be left with too little time in this term to refocus on governance.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
Proving difficult to make Bharat mukt of the economic orthodoxy of the late sixties.
Are we staring at 2008 sub prime situation as in us