Quiet Flows the Appeasement

08.01.07 | 31 Comments | Filed Under Commentary, Indian Politics

While the whole establishment and media is busy making a hero out of Haneef, the gentlemanly Finance Minister sneaks this announcement.
The government asked public sector banks to raise lending to minority communities, including Muslims, Christians and Sikhs, to 15 per cent of total priority sector advances over the next three years.

The lending to minority communities has reached about 9 per cent out of total lending to the priority sector. The goal is to take it to 15 per cent in three years and banks will move in that direction,” Finance Minister P Chidambaram said after a meeting with chairmen of state-run banks.

I actually have a better suggestion. Take this to the next logical step and establish Islamic banking and have separate laws guiding it. 

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