26 AUG,2019 | MEDC
Many economic challenges have arisen to the forefront in the recent past. The productivity of the banking sector (especially the public sector banks) is falling. Most investors carry market risks in their portfolios, with only a few having the ability to understand them. The slowing of the economy has contributed vastly to the NPA issue and there are mixed feelings about its recovery. However, the silver lining is that there is a sincere intent on the part of policymakers, regulators and the industry to revive the economy. A slew of measures have also been recently announced by the Finance Minister including a rollback of the surcharge on foreign and domestic portfolio investors, to perk up consumer demand and investments. The need of the hour is to align the fiscal, regulatory and monetary system to revitalize the economy. We may have missed the bus in the past but there is no reason it should happen again.
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