Indian Economy Archives - Page 23 of 37 - Centre for Financial Accountability

If the GDP growth rate is an indication of where our formal economy is, then there’s a lot to worry about. It fell to -7.3% in FY21, from the low of 4.2% in FY20. Unless the IT cells come out with some convoluted explanation to show -7.3% higher than 4.2% (as they did about the petrol prices), the o...

General Indian Economy

Article

May 16, 2021

Bhargavi S. Rao

COVID-19: Why we must reorganise cities to deal with the third wave

As ambulances siren through streets and social media is filled with desperate pleas for beds, ICUs, oxygen and Remdesivir, phones keep ringing with news of relatives, friends and contacts falling sick and many losing their loved ones. A state of shock engulfs us while we are unable to process it all...

General Indian Economy

Article

April 29, 2021

Edwin

Beyond the Frenzy Sale of PSUs!

The government wants to sell the Life Insurance Corporation of India (LIC), which is worth about Rs 34 trillion (USD45 billion). The stage has been set with increasing foreign direct investment (FDI) in insurance to 74%, followed by Initial Public Offer (IPO) this year. This is ostensibly to enhanc...

General Indian Economy

Article

June 7, 2021

Dawa Sherpa

Why Public should Oppose Privatisation of Public Sector Banks!

Around 10 Lakh bank employees of Public Sector Banks (PSBs) are protesting for two days against the proposal to privatise (sell) two Public Sector Banks. Here, I try to explain why Public Sector Banks are important for overall economic development and their significance in terms of their role in imp...

General Indian Economy

Article

June 7, 2021

Dinesh Abrol

Privatization through Asset Monetization

Asset monetization is not ‘privatization, the Modi government maintains. The Railway Minister was vehement in claiming that there will be no privatization of the Railways, and the ministry is preparing to ‘monetize assets’. Evidence suggests that this is a euphemism for privatizing the public assets...

General Indian Economy

Article

June 8, 2021

Priya Dharshini

Turbulent Weather: Airport Authority of India Strike

Just as the bank unions have called to intensify their protest action against bank privatization, multiple unions of the Airport Authority of India (AAI) had given a one-day dharna call for the 31st of March 2021. Multiple unions of AAI under the banner of Joint Forum of Unions and Associations of A...

General Indian Economy

Article

June 8, 2021

R Elangovan

Railways-Privatisation at the Cost of Infrastructure

Nirmala Sitharaman’s so-called budget with infrastructure thrust is a myth and if you break the seal of fine prints in comparison with those of the past you get many revelations. As far as the rail infrastructure is concerned it has been underinvested with total neglect in renewal of existing assets...

General Indian Economy

Article

June 1, 2021

Maju Varghese

India’s new farm laws mirror international financial institutions’ vision of agriculture

For more than 100 days, thousands of farmers in India have been in the streets protesting three new farm laws introduced in parliament. The new laws open the agriculture sector to reforms advocated by international financial institutions (IFIs), particularly the World Bank and IMF. Farmer organisati...

Indian Economy

Article

June 29, 2021

Om Prakash Singh

Of Rising Govt debt and Bond Markets

Most of us plan our expenses in a way that we not only have enough saved for our needs but also leave behind a little something for our children. In contrast, our government is burdening the next generation not only with a climate crisis, but also a ballooning financial debt burden. At the same time...

General Indian Economy

Article

June 7, 2021

Priya Dharshini

Is Forbearance the Original Sin?

Chapter 7 of Economic Survey dealing with the banking crisis strongly emphasizes that the continuation of the policy of forbearance followed in the wake of Global Financial Crisis (GFC) even after 2011 was the primary reason for the banking sector crisis. The survey argues “the forbearance continued...

Indian Economy

Article

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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.

Categories

Indian Economy

GDP Growth and Mirage of V-shaped Recovery

COVID-19: Why we must reorganise cities to deal with the third wave

Beyond the Frenzy Sale of PSUs!

Why Public should Oppose Privatisation of Public Sector Banks!

Privatization through Asset Monetization

Turbulent Weather: Airport Authority of India Strike

Railways-Privatisation at the Cost of Infrastructure

India’s new farm laws mirror international financial institutions’ vision of agriculture

Of Rising Govt debt and Bond Markets

Is Forbearance the Original Sin?

GDP Growth and Mirage of V-shaped Recovery

COVID-19: Why we must reorganise cities to deal with the third wave

Beyond the Frenzy Sale of PSUs!

Why Public should Oppose Privatisation of Public Sector Banks!

Privatization through Asset Monetization

Turbulent Weather: Airport Authority of India Strike

Railways-Privatisation at the Cost of Infrastructure

India’s new farm laws mirror international financial institutions’ vision of agriculture

Of Rising Govt debt and Bond Markets

Is Forbearance the Original Sin?

CFA