By N.K.A. Ballal, Retd. Sr. Vice-President, ITDC
Five percent growth in Gross Domestic Products (GDP) ! There is a recession staring on our Indian economy. The Government in its wisdom has announced several fiscal stimulus, aimed at giving the necessary push to the economy. Ironical, the banks are flush with funds but no private players are forthcoming to take loans for starting new ventures. Series of problems and frauds has made the bankers more stringent in lending. They are now checking each report with a magnifying glass to ensure that there is no lacuna which can be a future Non-Performing Asset (NPA) mess. A catch-22 situation.
