But such problems cannot be entirely ruled out, not even under a stringent regulatory regime. After all, the possibility of failure is a hallmark of any market economy. It is therefore important to be able to allow banks to fail without governments – and thus also taxpayers – having to foot the bill.
It will be quite understandable that some of these ideas are rejected after thoughtful evaluation but even if a couple of these ideas survive and are implemented, my purpose would have been achieved. First, the country is faced with a shortage of skilled manpower that is in high demand for sustaining the growing economy.