Page 6 - Digi Notes : English - 10.03.2016
P. 6
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READ AND TRY TO FIND THE MEANING OF THE WORDS IN BOLD YOURSELF
LET’S SEE WHO REALLY WANTS TO STUDY!
HINT: TAKE HELP OF YOUR FACULTIES
No doubt, the banking system remains out of bounds for far too many underprivileged sections.
However, oftentimes this fact has been conveniently used to perpetuate the government’s hold over
the banking system. Reducing its financial stake in state-owned banks can, at best, help fill the coffers
of the government. It does not, however, unburden the government of the problem of conflict of
interest. History is replete with instances of subtle and not-so-subtle interference by the government
in the banking system, resulting in decisions based on partisan, populist or simply expedient
considerations.
If the zero-interference assurance given by Mr. Jaitley has to have any meaningful and practical
implication, the government would do well to at least reconfigure its financial stake in the banking
industry. This could be done by ring-fencing the government’s equity stakes in banks by transferring
its shares into an independent, professionally-managed holding company. In an integrated global
environment, financial decision-making has become an increasingly complex process involving very
many dynamic imponderables. Given that fact, banks will be well-served if they are allowed to carry
on their businesses without somebody interfering in their work time and again. The circumstances are
currently ideal for Mr. Jaitley to break new ground in the banking field.
Answers:
ANS 1: (3)The problem, however, lies in delivering on them.
ANS 2: (4)That one near-term opportunity to walk the talk.
ANS 3: (2) Appears to be acutely aware that time is ticking away.
Ans 4:(5) No improvement required.
Ans 5: (3) In crisis at the moment with bank after bank, especially the government-owned ones,
reporting hefty losses.
Ans 6: (2) Desperately needs to be pulled permanently away from the legacy elements that have
played.
www.mahendraguru.com
READ AND TRY TO FIND THE MEANING OF THE WORDS IN BOLD YOURSELF
LET’S SEE WHO REALLY WANTS TO STUDY!
HINT: TAKE HELP OF YOUR FACULTIES
No doubt, the banking system remains out of bounds for far too many underprivileged sections.
However, oftentimes this fact has been conveniently used to perpetuate the government’s hold over
the banking system. Reducing its financial stake in state-owned banks can, at best, help fill the coffers
of the government. It does not, however, unburden the government of the problem of conflict of
interest. History is replete with instances of subtle and not-so-subtle interference by the government
in the banking system, resulting in decisions based on partisan, populist or simply expedient
considerations.
If the zero-interference assurance given by Mr. Jaitley has to have any meaningful and practical
implication, the government would do well to at least reconfigure its financial stake in the banking
industry. This could be done by ring-fencing the government’s equity stakes in banks by transferring
its shares into an independent, professionally-managed holding company. In an integrated global
environment, financial decision-making has become an increasingly complex process involving very
many dynamic imponderables. Given that fact, banks will be well-served if they are allowed to carry
on their businesses without somebody interfering in their work time and again. The circumstances are
currently ideal for Mr. Jaitley to break new ground in the banking field.
Answers:
ANS 1: (3)The problem, however, lies in delivering on them.
ANS 2: (4)That one near-term opportunity to walk the talk.
ANS 3: (2) Appears to be acutely aware that time is ticking away.
Ans 4:(5) No improvement required.
Ans 5: (3) In crisis at the moment with bank after bank, especially the government-owned ones,
reporting hefty losses.
Ans 6: (2) Desperately needs to be pulled permanently away from the legacy elements that have
played.
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