life is easier and architecture fosters social life, a city where innovations are born and a city that attracts visitors. obviously, global works in an international group of experts brought together through the global network of experts. his participation in the project is highly welcome, even though he is not an urban planner or sociologist. he has been included in the project team because of his valuable experience won during his participation in numerous already completed projects. problems they are dealing with include optimal location of a sewage treatment plant and usage of treated water in public lavatories, sending waste via pneumatic mail at 100 km / h directly from a rubbish chute to a waste incineration facility and using the heat from their incineration to generate power and produce heating for the neighbouring area, or the arrangement of car parks in central city districts in the form of a remotely controlled warehouse ( no room for people means much more room for cars and no more problems with battered doors ). perhaps you recall that such solutions existed in tokyo teleport town, the japanese town of future, already in 2006. evening global takes his wife to the theatre. two days ago, when he was in hong kong, during a videoconversation they decided that they would love to spend an evening together in a theatre. they both approved the idea and could simultaneously see the repertoire, and were assisted in making their choice by an e - reviewer. they chose to see shakespeare – his plays will never grow old. global ’ s wife can listen to this play in english via her own mini communicator earphone. during the interval they have an encounter with global ’ s friend from the time he was a student. it turns out that he recently got married and his wife used to work with global on a project several years ago. they decide to go for a drink together. using their communicators they choose a cosy restaurant next to the theatre and book a table. after the performance they are all in great mood, and recall the beginning of the 21st century with amusement. the waiter discreetly charges global ’ s non - contact e - wallet for actually ordered dishes. john can easily accept the payments after he comes back home. global registers all transaction details in his financial organizer build into the communicator. thanks to it he can track and analyze his transactions and schedule expenses. he is fully in control of his finances. his personal communicator receives financial operations on an ongoing basis, and confirms or accepts

. alongside, the current account deficit remains within sustainable levels, other indicators of external viability such as the ratios of indebtedness to gdp and / or reserves are also reflecting a healthy improvement. the government has pursued the path of fiscal consolidation and the ratio of public debt to gdp is gradually declining. international investors have warmed to where the indian economy is currently positioned and this is reflected in sizeable foreign investment inflows. meanwhile, domestic financial markets have shown resilience and stability in spite of escalation of global geo - political uncertainty and heightened volatility in financial markets. these developments have enabled the build - up of “ buffers ” against unforeseen shocks. 5. taming the non - performing assets problem : a landmark development relating to resolution of stressed assets is the insolvency and bankruptcy code ( ibc ) 2016. from the reserve bank ’ s point of view, a great enabler in this context has been the banking regulation ( amendment ) ordinance promulgated in may and subsequently enacted in august this year. by the authority it conferred on the reserve bank to issue directions to banks to initiate resolution processes, it scales up the ability of the reserve bank to deal decisively with stress in banks ’ balance sheets and unclog the flow of credit to grease the wheels of growth. in the year ahead, we must seize this opportunity to overcome the debilitating problem of corporate loan delinquency and get our banks back into the mainstream of financial intermediation. the recently chalked out recapitalisation plan of the government for public sector banks will ensure that flows to productive sectors ( and credit - worthy borrowers ) are not impeded and growth impulses are 1 / 4 bis central bankers'speeches nurtured. the government has also proposed to take steps to improve the corporate governance of psbs by strengthening boards, bringing objectivity into management appointments, and decentralising decisions to the professional board. 6. the risk - based supervisory process of the reserve bank keeps flagging the risks in the balance sheet of banks which are taken up with the institutions concerned for remedy. previously, effective enforcement action on the specific violations / breaches has been a gap in implementation. the new enforcement department was established in april this year for this function ; viz., concentrate on its mandate to develop a rule based, consistent framework to deal with breaches of law, rules and directions. effective deterrence enforced through such actions is expected to contribute