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We Need to Make Sense of the Modi Government's Big Privatisation Push


We Need to Make Sense of the Modi Government s Big Privatisation Push
The devil lies in the implementation and in putting robust protection around any disinvestment measure.
Nirmala Sitharaman s Budget speech. Photo: PTI
Banking04/Feb/2021
At a press conference in Chennai early August 2019, Union finance minister Nirmala Sitharaman was quizzed on the complaint by the Reserve Bank (especially Raghuram Rajan) that banks were not transmitting the interest rate reductions announced by the central banker. The minister butted in then to say that banks were slowly veering round to pass on interest rate reduction.
When asked if they were doing that on their own volition or due to a push from the government, she said that they were doing it partly on their own and partly because of the nudge from the government. When asked if the government could have done it a few years ago, she replied, “We did not have 340 or so then”. ....

Tamil Nadu , Nirmala Sitharaman , Raghuram Rajan , Atmanirbhar Bharat , Lakshmi Vilas Bank , Satyam Computers , Dhanalakshmi Bank , Reserve Bank , தமிழ் நாடு , ரகுராம் ராஜன் , லட்சுமி விலாஸ் வங்கி , சத்யம் கணினிகள் , தனலட்சுமி வங்கி , இருப்பு வங்கி ,