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Urjit Patel highlights issue of #39;creeping banking sector fiscalisation#39; in his new book

Urjit Patel highlights issue of #39;creeping banking sector fiscalisation#39; in his new book

As successive governments have found their capacity for further fiscal expansion becoming constrained, it has used the banks that it owns to fire up and pump-prime the economy; hence the term banking sector-fiscalization.