India's financial system and crisis: Dealing with this air pocket

Private persons, domestic and foreign, need to see a capable Indian policy establishment that is able to work with clarity and cohesion

The financial system has run into a spot of difficulty, with a combination of events in banking, import financing, bond markets, capital flows, etc. This is a time for the Ministry of Finance to devise a strategy in collaboration with all the financial agencies. The markets will be calmed by the sense that a coordinated strategy is in motion, with capable teams executing at all ends.
 
Many elements of Indian finance are blinking amber. The banking crisis has been slowly getting worse. The Reserve Bank of India’s (RBI’s) latest changes in regulations — which are on the right track