Reviewing the chequered history of bank nationalisation in India, former Reserve Bank of India Governor Y V Reddy raises some pertinent questions about the governance of state-owned banks, including how the common man in the rural areas will cope with the disappearance of the smaller ones. Elsewhere on the opinion pages the state of India remains in focus. Kanika Datta sums up the views.
This regime has established a laser-focus on project execution. As Dhiraj Nayyar points out, the process of policymaking must also be put through the same kind of rigour.
R Gopalakrishnan

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