The global economy may be in a better shape after its worst-ever crisis, but it is no time to relax, and governments as well as business leaders must persist with job creation, income and gender diversification as also to meet aspirations of the youth to keep up the growth momentum.

Terming rise in tariffs as 'bitter pill', Power Minister Jyotiraditya Scindia has said Indian power distribution companies need to reduce technical and commercial losses as well to improve financial health.

Conglomerates being considered for new banking licences in India should be asked to have systemic controls to safeguard against any contagion impact of problems in their other businesses, eminent banker Uday Kotak has said.