* * * “The eurosceptic genie is out of bottle and won’t be put back”, said Nigel Farage on 23 June 2016, while the British were still voting on whether they wanted to remain part of a united Europe. The majority didn’t want to, as we now know. But the eurosceptic genie is not only haunting the people of Britain.
Thus, the financial sector, in particular the banking system, is utilised as a conduit by the Government’s fiscal policy, to subsidise select activities or vulnerable  2  BIS Review 131/2007  sections, and RBI plays a supporting role in enabling such measures while emphasising the longer term goals of a conducive credit culture.