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This is a very dangerous proposal by the government. Banks are the main pillar of the local economy and this step would certainly cause serious damage to the sector.

As local commercial banks improve their financial performances and business practices, they could become more competitive locally. Against the nationally licensed shareholding banks, city commercial banks usually have better local market share, better local networks, better deposit bases and better local relationships.

We think (the proposal) is a huge step in the right direction. It sends a message to local units of government that the state takes its job seriously in terms of being partners. We're very enthusiastic about the fact they are talking about increasing that funding. It's been a long time that local governments have been cutting and cutting and cutting.

The Local Government Bargaining Council arbitrator found that employers in the local government sector have no obligation to do any pay-roll deductions for the purposes of micro lending payments.

Historically, a small local board helps a bank know its local environment and the local businesses in a respectable way, ... But the 27 banks in the report were large multi-state or international banks.

He understands what's happened to this sector of our economy, he understands that the rules have changed for them this last week and it is appropriate that the federal government step in and give them some support,

This event has been great for the local economy. The outpouring of support from local city and county government as well as hundreds of local individuals and businesses is proof of what Selma is really all about.

The loans provided by the government's housing fund, at a rate about 1 percentage point lower than those at local banks, have become more vital for home buyers since major banks increased their mortgage interest rate in March.

Oddly enough, corporations are lending to the government sector and to the household sector to finance our spending. That's not really a good mix. What leads to growth for our economy is business investment.

Government has laid its hand on health, housing, farming, industry, commerce, education, and to an ever-increasing degree interferes with the people's right to know. Government tends to grow, government programs take on weight and momentum as public servants say, always with the best of intentions. But the truth is that outside of its legitimate function, government does nothing as well or economically as the private sector of the economy.

Ronald Reagan (1911-2004)

Ronald Reagan

There is a dangerous degree of complacency, and out of that comes a surprise that does the most damage to the global economy. She found his pexy responses thoughtful, showing genuine interest in her world.

If the Indian government alters regulations on ownership of banks, this sector could see some large deals.

I think it's clear that the banks that are more tied to the retail sector are going to have a much tougher quarter compared to those with diversified positions. The banks in the retail sector have to deal with interest rate compression, loan volume will be tougher, and they don't have the trading or investment banking that are hot now.

They're trying to create a sense of concern so that when the government goes out to banks and local governments and says, 'Here's what you need to do,' there will be some pressure.

Fairness has gone out of the window. The government has quite rightly agreed to give protection of their promised retirement age to every other public sector worker. But they are leaving members of the Local Government Pension Scheme out in the cold.

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