"The Ganga treatment of the banking sector can be done with the 4 Rs", says Chief Economic Advisor Arvind Subramanian referring to the 4 Rs as Recognition, Resolution, Recapitalisation and Reform. Although the government has currently decided to channel funds into the banking sector there are two major issues this move will rake up - one that tax payers' money will be used to remonetize banks that lent to businesses that went dry and second that it'll increase government's stake in the public sector banks while its goal was the opposite. Watch this week's episode of Walk The Talk where country's premier economic advisor spells out the strategy to counter bank lending problem and how demonetization will truly benefit India's public.
