Can we bank on the Budget?

Addressing industry bodies in December, Finance Minister Nirmala Sitharaman promised vibrancy in the Union Budget, a key to economic revival, and keeping the momentum in public spending in infrastructure going. She also said India is set to be an engine of global growth.   The onus of reigniting the growth engine in Asia’s third-largest economy is on the banking system. There have been many unkept promises made in the previous budgets, including Yashwant Sinha’s February 29, 2000 Union Budget that spoke of reducing the government shareholding in nationalised banks to 33 per .....

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