This provides the backdrop for the implementation of the development agenda. Financing for the 10th Plan, which aims to double development spending with a focus on poverty reduction through industrial development, balanced regional growth and infrastructure investment has been tied up.
Nevertheless, banks that are too big to fail pose a problem that is global in scope and has to be resolved not only at the national but also at the global level. The Financial Stability Board is currently finalising criteria that global systemically important banks will have to fulfil in future regarding their capital structure.