<h1>Government Proposes Fast Track Arbitration Law to Address Banking Sector Stress and Reform Power Sector Disputes.</h1> The Finance Minister announced plans for a new fast track arbitration law to address banking sector stress, particularly in steel, power, highways, and discoms. The government aims to provide operational freedom to Public Sector Banks (PSBs) and may reduce its stake in them to 52%. Initiatives include professionalizing personnel issues and establishing the Banking Bureau. The Reserve Bank of India has cautioned four states over power sector reforms, with discoms' debt exceeding Rs. 3 lakh crores. The government is also expediting dispute resolution processes and enhancing the ease of doing business, with an Exit Policy nearing completion.