Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
Relying on the private sector to undertake infrastructure investment may not be a realistic proposition.
The World War I had been triggered by an assassination in then relatively unknown Serbia.
The Sensex had bounced back with gains of 94 points or 0.3%
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
'With technology advancing rapidly, the need for branches is declining.'
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
With Jaitley preferring continuity over change, good days might take a little longer to arrive, says Shankar Acharya.
Modi govt has a unique style of working, say experts.
The prime minister's August 15 address was undoubtedly inspirational and outlined important economic and social objectives, such as making India a global hub for manufacturing, ensuring bank accounts for all poor families, major thrusts in sanitation and cleanliness, and a radical restructuring of the Planning Commission.
