Sabnavis is chief economist, CARE Ratinigs and author, more recently of Economics of India: How to Fool all People for all Times
2018-19 will be a year in which the banking system will have to get back on its feet despite all the aches and pains while the doctors (government and regulators) take a call on the structures that will be maintained
A question that one can pose is: at the policy level will we do it again?
The author traces the history of the School and its evolution, which became the fulcrum of capitalism even though it ideologically stood for making business work for society
A point not touched by the author is the holding of say dollars by other nations given that it is an anchor currency and is normally held in larger denominations
The Budget does not actually disappoint as it has stuck to the roadmap that was laid down earlier and has also assured that it would be willing to provide more funds if required