Srikrishna's afterthoughts...
Economic Times, May 30, 2013 'Total overhaul of existing financial system needed' By PTI | 29 May, 2013, 01.58PM IST 2 comments | Post a Comment India needs a drastic and complete overhaul of the existing financial regulatory structure if it wants to achieve $30-40 trillion economy by 2025. ET SPECIAL: NEW DELHI : India needs a drastic and complete overhaul of the existing financial regulatory structure if it wants to achieve $30-40 trillion economy by 2025, Chairman of the Financial Sector Legislative Reforms Commission (FSLRC) and former Supreme Court judge B N Srikrishna today said. "By the year 2020-25, we hope to achieve $30-40 trillion economy. Ambition can not be achieved unless there are steps taken towards it. Therefore, you need something that is drastic, something that is total overhaul of the existing financial system," Srikrishna said while addressing an event organised here. There is urgent need of merging oversight functi...