We need to move full steam to deal with bad loans: CEA Arvind Subramanian

New Delhi: Chief Economic Advisor (CEA) Arvind Subramanian on Wednesday emphasised the need to move full steam to deal with the problem of bad loans facing banking sector.

He further said that the government is considering setting up a state-owned asset reconstruction company to deal with mounting bad loans.

India should be comfortable with global oil price rise up to USD 65 a barrel, CEA said.