Finance Minister Arun Jaitley has asserted that the government was giving top priority to addressing the issue of bad loans while acknowledging that the problem of non-performing assets was "adversely impacting" the Indian banking system.<br/><br/>Speaking at the Council on Foreign Relations in New York,<br/>Jaitley termed the resolution of the Non-Performing Assets<br/>(NPAs) as the "one very big challenge" going forward and the<br/>government's "top priority" at the moment.<br/><br/>He said the magnitude of the NPAs problem was that essentially it was about 20 to 30 big accounts.<br/><br/>However, Jaitley said there was one constraint the government was facing. He said, it's not a constraint on the leadership quality in the bank, but it's a constraint on the environment in which the bank bureaucracy functions. <br/><br/>Jaitley emphasised that one of the fundamental flaws in the anti-corruption law has been that erroneous decision-<br/>making, which may be taking hair cuts in order to settle, gets identified as an act of corruption.<br/><br/>The parliamentary committee has unanimously recommended<br/>that this be corrected, he said, adding this is at the final stage now.