The first ten days of the winter session of 2018, the parliament witnessed members asking wide-ranging questions related to the finance. These questions can broadly be divided into the following categories: Demonetisation Issues related...
“There was no example to follow on September 22, 1993, when the Bank’s Board of Executive Directors approved a resolution establishing the Inspection Panel. Over the next 25 years, the Panel forged a legacy...
The Reserve Bank of India, in 2015, issued a Master Circular on Wilful Defaulters, which starts with Introduction: “Pursuant to the instructions of the Central Vigilance Commission for collection of information on wilful defaults...
This impact is not only circumscribed to NPA. Overall, Indian banking is passing through one of the worst crisis in history. Since the last three years, banking in the public sector is almost stagnant....
India’s vulnerability stems from two sources: rapid debt expansion that has increased the volume of doubtful debt and encouraged excess debt exposure in a set of corporates. And increased exposure to dollar debt, partly...
My intent in this article is to flag off a set of relevant issues one will have to deal with while mainstreaming India’s poor in Banking. The article has five sections: (a) Providing a...
The NDA government’s Pradhan Mantri Fasal Bima Yojana (The Prime Minister’s Crop Insurance Scheme) is a bigger scam than even the Rafale scam, claimed renowned journalist and farmers issue activist P. Sainath earlier this...
Conference on Global Financial Crisis: A Decade after Lehman December 3-4, 2018 Ambedkar International Centre, New Delhi This September marked the 10th year of the global financial crisis. A decade later, the world economy still...
Changing goal posts has been a hallmark of the precariously conceived and insensitively implemented demonetisation, second anniversary of which was yesterday (Nov 8). Finance Minister who declared Nov 8 as Anti Black Money Day...
The Supreme Court heard oral argument this morning in a dispute over immunity for the International Finance Corporation, an international organization that makes loans to private businesses to finance projects in developing countries. The...
New Delhi, November 3, 2018: “The Union government is pushing through the merger of Public Sector Banks (PSBs) with a misplaced notion that fewer stronger banks will be “too big to fail”. It’s ironical...
October 31, 2018, New Delhi.: The Supreme Court of the United States of America heard the oral arguments in the historic case filed by the villagers from Mundra, Gujarat against the absolute immunity granted...
In the run-up to this week’s Supreme Court hearing, the IFC has announced a series of new policy reforms that strengthen its social and environmental commitments, an effort that is undoubtedly motivated in part...
The plaintiffs contend that the plant’s construction caused saltwater to leach into the local groundwater. They say that the plant’s ‘cooling system discharges thermal pollution into the sea, killing off marine life on which...
The AIIBs vision must comprise multi-dimensional aspects, including social infrastructure like health and education. It should focus on people, their involvement and fundamental rights in the city. The Asian Infrastructure Investment Bank (AIIB) has...