Budget 2016: A mere Rs 25,000 cr for bank recapitalisation not enough

Considering the mess that PSU banks are in, it’s surprising that the Finance Minister has allocated a mere Rs 25,000 crore for recapitalising them. This amount may not even be enough to compensate for the quarterly losses of state-owned banks.

Read Full Article Over Here: Budget 2016

Budget 2016: IMF chief stresses structural reforms

China is not the only economy in need of structural reforms as they are fundamental for the success of every G20 economy, Budget 2016 IMF Managing Director Christine Lagarde said on Friday.

This was clearly recognised in the "G20 2009 framework for strong, stable, and balanced growth", she said at the G20 Finance Ministers and Central Bank Governors Meeting in Shanghai, reports Xinhua.