Narendra Modi, Prime Minister made a public statement in 2014 that the public sector was born to die. He also stated that it should either be allowed to die or should be privatised. Now...
The economy world over has been affected which has never happened at this scale. World Bank report of June predicted that 71 million to 100 million people will move towards extreme poverty of less...
From the day banking started, bankers always had a plan for handing loans going bad. Banking says giving loans has a credit risk due to various reasons. Banks become a partner to the borrower...
TO PROTECT HARD EARNED SAVINGS OF THE COMMON MAN ORIGIN OF DEVELOPMENT BANKING Historically, the idea of establishing special institution for the provision of finance for industry was put forth in strong terms, as...
Framers from the heart of green revolution states are on the roads facing the wrath of police lathis in midst of a pandemic. Numbered in thousands these distressed farmers are vociferously resisting against the...
The Reserve Bank of India has released revised priority sector norms. A closer look shows how the government and RBI are tweaking the norms to favour the rich and fleece the poor. Already the...
The government is in a privatisation spree in spite of wide spread opposition. The RBI, Niti Ayog (Aniti Ayog) and Finance Ministry are used to give confusing signals. While a RBI Dy. Governor demands...
Ms. Nirmala Sitharamanâs statement that Covid-19 is an act of God to deprive states and union territories of their legally due GST has led to lot of discussions. While the central government in a...
Remember the Atma Nirbhar â TV Show of Mrs. Nirmala Sitaraman and Mr. Anurag Thakur? After that, both have disappeared for long. May be rehearsing for the next show. Mr. S.Gurumurthy has announced that...
Covid-19 brought a 21 day country wide lockdown from the midnight of March 24th 2020 and this caught the entire country completely unaware and unprepared. Chaos and panic buying kept a few occupied while...
State-owned banks need Rs 2 trillion in capital over next two years: Moody’s Public sector banks (PSBs), which have already had weak capital buffers, will need at least $25 billion in funding from external...
We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, âTryst with destinyâ, underlined that the service of...
On 24th July 1991 Dr. Manmohan Singh presented his budget to the parliament in which he stated that until November 1989 when his Congress party was in office the economy was doing well but...
âCall the dog mad and shoot itâ was the old slogan. The present slogan is, âpoison the dog, make it look like mad and shoot itâ. The governments have done exactly the same with...
Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to an RTI response received from Reserve Bank of India, between 2014 and 2019 scheduled commercial...