Blog Archives - Page 23 of 34 - Centre for Financial Accountability

Private Sector Banks Whereas, the Private Sector Banks, since FY 2014-15, have collected Rs 5360.75 crores till FY 2017-18. The data for the FY 2018-19 is not available. The complete table can be accessed here.Public Sector Banks As per the data provided by the government to the Parliame...

Bank Charges Blog

Article

February 1, 2019

Randhir Singh

59 Minutes Loan Scheme for MSME Sector: Facts and Figures

On December 25, 2108, Minister of State for finance informed the Lok Sabha that out of total 1.31 lakh loan applications received on the newly launched 59 minutes loan, 1.12 lakh applicants received the in-principle approval and out of these in-principle approved loan applications, 0.41 lakhs have f...

Blog

Article

February 1, 2019

Anjela Taneja

Wealth of Top 1% Indians increased by 39%, and that of bottom 50% at 3%

It is a good time for the rich in India. India added 18 new billionaires last year raising their number to 119. Their wealth increased by 35 per cent last year – Rs 2200 crore a day – and crossed the US$400 billion (INR 28000 billion) mark for the first time. While the wealth of the top 1 per cent i...

Blog

Article

February 1, 2019

Joe Athialy

New World Bank President: From ‘Who’ and ‘How’ to ‘for What’!

With the formal process of selection of a new World Bank President kick-starting in a week’s time, it’s imperative to have a view beyond this selection, now that the dust of Jim Kim’s sudden resignation has settled down. That the process of this selection should be transparent and inclusive goes uns...

Blog International Finance

Article

January 25, 2019

Shalmali Guttal

The New FTAs Are Not Only About Trade, But Also Investments

Changing Landscape of Finance and Trade in Asia The new generation free trade agreements are not only about trade, but they are also about investments. European Union, in the early 2000s, entered into Economic Partnership Agreements (EPAs) with African, Carribean, and Pacific countries. These agree...

Blog

Article

January 17, 2019

Patrick Bond

Jim Yong Kim’s Mixed Messages to the World Bank, and the World

Johannesburg – World Bank president Jim Kim is an ex-leftist who claims that in the mid-1990s he wanted to shut down the Bank. At the time, it was an entirely valid, realistic goal of the 50 Years is Enough! Campaign and especially the World Bank Bonds Boycott. Kim’s co-edited Dying for Growth (2000...

Blog International Finance World Bank

Article

February 15, 2019

Ankit Agrawal

Q&As on Finance in the 2018 Winter Session of the Parliament

The second half of the winter session of the parliament continued to witness the members asking government questions related to finance. Some of these questions were related to the NPAs in various sectors of the Scheduled Commercial banks and Cooperative Banks, rationalisation of the branches and AT...

Blog

Article

January 2, 2019

Dr B P Mathur

What Ails CAG, and What Can Be Done?

The institution of Comptroller and Auditor General (CAG) in India is patterned on the British model. In Britain, The Exchequer & Audit Department Act of 1866 created the office of CAG with a view to strengthen democracy and exercise parliamentary control over national finances. The office of CAG...

Blog

Article

February 7, 2020

Ankit Agrawal

Q&A on Finance in the Winter Session of Parliament 2018

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 to the health of the Public Sector Banks, which could, in turn...

Blog Indian Economy

Article

December 24, 2018

Joe Athialy

The Davids and the World Bank!

“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 as the prototype for international financial organizations to hold themselves accountable. To...

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Centre for Financial Accountability (CFA) aims to bring in accountability in financial institutions who lend money to development projects, through research and campaigns.

CFA is a project of CACIM (www.cacim.net) and Bank Information Centre Trust.

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Blog

Penalty Levied For Non-Maintenance Of Minimum Balance

59 Minutes Loan Scheme for MSME Sector: Facts and Figures

Wealth of Top 1% Indians increased by 39%, and that of bottom 50% at 3%

New World Bank President: From ‘Who’ and ‘How’ to ‘for What’!

The New FTAs Are Not Only About Trade, But Also Investments

Jim Yong Kim’s Mixed Messages to the World Bank, and the World

Q&As on Finance in the 2018 Winter Session of the Parliament

What Ails CAG, and What Can Be Done?

Q&A on Finance in the Winter Session of Parliament 2018

The Davids and the World Bank!

Penalty Levied For Non-Maintenance Of Minimum Balance

59 Minutes Loan Scheme for MSME Sector: Facts and Figures

Wealth of Top 1% Indians increased by 39%, and that of bottom 50% at 3%

New World Bank President: From ‘Who’ and ‘How’ to ‘for What’!

The New FTAs Are Not Only About Trade, But Also Investments

Jim Yong Kim’s Mixed Messages to the World Bank, and the World

Q&As on Finance in the 2018 Winter Session of the Parliament

What Ails CAG, and What Can Be Done?

Q&A on Finance in the Winter Session of Parliament 2018

The Davids and the World Bank!