The strong gets stronger
If the business world was looking for positive signs that public sector banks are overcoming psychological obstacles to credit disbursements, it would have found the annual meeting between the Finance Minister and bank chiefs somewhat depressing. Try as the Reserve Bank Governor might to pump more funds into the system, force interest rates down and thus compel banks to take to the market with more aggressive credit policies, many still seem reluctant to get their feet wet.
| Leader, amend thy mind
There are seven deadly sins to which the Indian body politic is heir. Taken collectively, they negate the basic premise of democracy the fundamental right of a people to govern themselves through their duly elected representatives.
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