The Finance minister in the BRICS Economic Forum told that the Global economy slowdown is the reason behind the mal-functioning of some sectors. There are assets that are not performing in the core segment and hence, sectors like Power and Infrastructure are dealing issues therefore government is not able to bring about reforms for them. Some of the structures are also in miserable condition because of the absence of reforms.

“There are at least two sectors – infrastructure and power- where we can’t blame external factors. Our own inability to bring in reforms adequately in these sectors, I think, caused the difficulty (in banks books),” Jaitley told the BRICS Economic Forum here.

 This tells that there are problems regarding the settlement of issues and disputes.

Jaitley said that they have now identified the main issues (which are the only good thing about the matter) and from now they will work on them.

NSE Nifty falls below the 8,700 marks while Sensex takes dips below 28K-level

Market is trading down by 29 paisa at 66.82 !