Contrary to the bragging that marked its two-year anniversary, the government's timidity on reform is simply astounding.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
The government has provided a long-term vision.
Indian economy about to take-off
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