Dr Arvind Subramanian
CEA bats for mergers in banking sector, says India should have 5-7 large banks
Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.
RBI has been intervening to stem rupee's appreciation: CEA
Subramanian said there was a 'big' appreciation of the rupee between January and April.
Govt stimulus to boost economy in the works
Also on the menu are measures to encourage domestic investments and provide more money for rural infrastructure and affordable housing.
Jaitley says universal basic income has 'political limitations'
Arun Jaitley also said the finance ministry is debating the Economic Survey's suggestions of UBI and creation of bad bank.
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