Finance secretary Rajiv Kumar is leading the team of bureaucrats assisting finance minister Nirmala Sitharaman in taking steps to boost sagging economic growth. In an interview to TOI, he suggested that exports needed to be boosted to help the manufacturing sector apart from substituting non-essential imports and indicated that some of the bank mergers will be completed by early 2020. Excerpts:

What is the overall sense of the slowdown?

In the last three-four years, there have been several structural changes. If you were to look at the earlier structure, there was lax discipline and standards across the financial sector, be it banks, borrowers, rating agencies or auditors, were weak.

News and Views

30th AGM Chairman's Report

Published:25 Oct 19

Annual report by Chairman, Mr. Rajiv Palicha

Due date for filing GST returns for FY 18 extended to Dec 31

Published:00 00

View All

" Chilies were natives of the Americas. Brought down to India in ancient times, Indian cuisine embraced it and today Indian curries have no identity without them. "

" A knowledgeable use of spices and seasonings is what gives Indian Cuisine its uniqueness and excitement. "

" Paprika Oleoresin is used in chicken feed – Capsanthins and other natural pigments, impart a red tint to the egg yolk "

" Cardamom is known as the queen of spices, thanks to its sweet delicate flavor – Arabs love them in their coffee and Scandinavians in their pastries "