Union budget 2011

The last time RBI had issued banking licenses was 2004; Kotak Mahindra Bank and Yes Bank were established. We have seen the kind of wealth creation that they were able to create in just six years. However, RBI seems to have a concern on…

Pranab Mukherjee is done with his job of presenting the Union Budget 2011 in the Lok Sabha. The budget seems to have succeeded in fighting all populist forces – be it fiscal housekeeping, a much-needed push to the reforms initiative or an…