 "Reserve Bank of India")
The Reserve Bank of India (RBI) wants the government to intensify its structural reforms to address the twin balance sheet stress as well as issues relating to taxation, agriculture, and foreign direct investment, which the central bank expects will finance the country’s current account deficit in the coming days.
The RBI recently received a shot in the arm after the Allahabad High Court refused to grant relief to stressed power assets with regard to its February 12 circular, which mandated banks to drag a non-performing asset for bankruptcy proceedings if it remains unresolved for more than 180 days.
The central
