Anirban Bhattacharya & Pranay Raj, Author at Centre for Financial Accountability

The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’

There is a euphoria around the “tax bonanza” offered to the middle classes in this year’s Budget. The proposal of no tax...

Article

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank ...

Coverage

February 18, 2025

Anirban Bhattacharya & Pranay Raj

The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’

There is a euphoria around the “tax bonanza” offered to the middle classes in this year’s Budget. The proposal of no tax for those with annual income up to Rs 12 lakh has been hailed by the media, with many even calling this a “middle-class budget”. Of course, there are serious concerns as to whethe...

General Indian Economy National Finance Union Budget

Article

June 30, 2023

Anirban Bhattacharya & Pranay Raj

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank has allowed for write-offs and compromise settlements for even frauds and wilful defaulters frauds “without prejudice to the criminal proceedings underway against such debtors”. Am...

Coverage

Article

Our Money | Our Rights | Our Voice

Anirban Bhattacharya & Pranay Raj

The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’

RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system

CFA