Indian Economy Archives - Page 28 of 37 - Centre for Financial Accountability

Bank’s performance is always the reflection of the country’s economy. Though results are not out for the financial year 2019-20, analysis shows that many banks will be showing a huge loss. The last quarter which normally sees huge increase in advances did not happen. The deposits of all scheduled b...

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May 26, 2020

Maju Varghese

A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People

The financial package, amounting to Rs 20 lakh Crore and claimed to be 10% of the GDP was announced by the Prime Minister with much fanfare. Yet when details were announced by the Finance Minister, in the consecutive days, no substantial or even cosmetic relief was found for the masses. Masses whic...

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Article

May 17, 2020

Thomas Franco

Aatma Nirbhar Bharat –Part III & IV & V: A Self Reliant India to be a Privatised India

As part Part III the Finance Minister announced Rs.1 lakh Cr Agri Infrastructure Fund for farm gate infrastructure for farmers.Rs.10000 Cr scheme for formalization of Micro Food Enterprises.Rs.20000 Cr for fishermen through Pradhan Mantri Matsya Sampada YojanaSetting up Animal Husbandry In...

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Article

May 19, 2020

Thomas Franco

Breakdown of Finance Minister’s Atmanirbhar Bharat

Finance Minister gave a press statement and a document of 27 pages has been released. Everybody is hoping now for the other parts. When the economy is in crisis everyone hoped for relief package for creating demand and feeding the poor. Packages as done in other countries. That is the oxygen needed...

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Article

May 13, 2020

Thomas Franco

Random Reflections- Altering the Course of Banking

The Banking Sector was already in crisis. Crisis was created through the policies. Large credit was encouraged leading to the NPA Crisis. Development institutions like IDBI, ICICI and even UTI were converted into banks. HDFC was again converted into a universal bank and focus on housing was g...

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Article

May 5, 2020

Thomas Franco

Random Reflections-The Tamasha about Write off, Waive off and the Reality

When COVID-19 cases are increasing, people are waiting for relief package every day, states are begging the Centre for release of GST share, permit more loans, allow RBI to lend to states at repo rate, provide more PPEs and testing equipment, the Finance Minister tweeted with 13 threads defending w...

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April 29, 2020

Thomas Franco

Random Reflections- Role of Village Industries, MSMEs & Small Traders in the Revival of the Economy

COVID-19 has affected the entire economy. Hence the revival needs government intervention. After all the taxes collected from people are to provide services to the people. Reviving the economy will bring more taxes. In Indian economy the Village and Cottage Industries, Micro, Small, Medium Enter...

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Article

May 1, 2020

Devidas Tuljapurakar

Banking in Disarray! How to bring it back on tracks?

RBI in its first announcement dated 27th March 2020, consequent upon corona pandemic 2019 had come out with various initiatives such as reduction in CRR, Repo Rate etc. thus to improve upon liquidity position of the banks so as to facilitate for extension in credit thus to revive the economy. At th...

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Article

September 21, 2023

Thomas Franco

Random Reflections : NABARD, SIDBI, IFC and National Housing Bank can turnaround the Economy

After nationalisation of 14 banks in 1969 and 6 banks in 1980, formation of National Bank for Agriculture and Rural Development on July 12, 1982 was a milestone or master stroke by Mrs. Indira Gandhi. Based on the recommendations of the Dr. Sivaraman Committee NABARD was formed through an act of pa...

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Article

April 14, 2020

Thomas Franco

Random reflections- Is Reducing Deposit Interest Rate Right?

The government of India has reduced deposit interest rates drastically in addition to the banks which have been reducing the rates in tune with reduction of repo rates by the RBI. (Repo rate is the rate at which Banks can borrow from RBI). [Source: Ministry of Finance Website] SBI has reduc...

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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

Random Reflections- Is India’s Banking Sector Moving Towards a Melt Down and Financial Collapse?

A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People

Aatma Nirbhar Bharat –Part III & IV & V: A Self Reliant India to be a Privatised India

Breakdown of Finance Minister’s Atmanirbhar Bharat

Random Reflections- Altering the Course of Banking

Random Reflections-The Tamasha about Write off, Waive off and the Reality

Random Reflections- Role of Village Industries, MSMEs & Small Traders in the Revival of the Economy

Banking in Disarray! How to bring it back on tracks?

Random Reflections : NABARD, SIDBI, IFC and National Housing Bank can turnaround the Economy

Random reflections- Is Reducing Deposit Interest Rate Right?

Random Reflections- Is India’s Banking Sector Moving Towards a Melt Down and Financial Collapse?

A Financial Package with Little Relief Contents, Govt pushes Policy Reforms which Benefits Corporates but not the People

Aatma Nirbhar Bharat –Part III & IV & V: A Self Reliant India to be a Privatised India

Breakdown of Finance Minister’s Atmanirbhar Bharat

Random Reflections- Altering the Course of Banking

Random Reflections-The Tamasha about Write off, Waive off and the Reality

Random Reflections- Role of Village Industries, MSMEs & Small Traders in the Revival of the Economy

Banking in Disarray! How to bring it back on tracks?

Random Reflections : NABARD, SIDBI, IFC and National Housing Bank can turnaround the Economy

Random reflections- Is Reducing Deposit Interest Rate Right?

CFA