19th of July is marked as the bank nationalisation day, recognising the historical decision of the Indira Gandhi government to take control of private banks. It is not an exaggeration to say that the...
On the eve of independence of our country, on 14th August 1947, Pandit Jawaharlal Nehru spoke in the Constituent Assembly that India has a tryst with destiny. Similarly AIBEA made a tryst with destiny...
While celebrating 52 years of Nationalisation, we have a government led by those people who along with their party opposed Nationalisation and now want to privatise everything. It is important to look at History...
A law called “The insolvency and bankruptcy code (IBC) 2016” was enacted in the parliament in May 2016 apparently to recover the mounting Non-Performing Asset (NPA) from the corporate sector. This law enables the...
Nationalisation of private sector banks was carried out during the decades of seventies and eighties by the Indian state with the aim to widen and deepen the path of capitalist transition in India. In...
The story of India’s Bank nationalisation in 1969, i.e. the public takeover of a significant part of the country’s banking system, its causes, consequences, achievements, and finally concerted attempts to weaken/roll-back the banking and...
The then Finance Minister late Mr. Arun Jaitley & the present Finance Minister Smt. Nirmala Sitharaman used to say that IBC will prove to be a game changer. Indians are scared of stigma &...
If 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...
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...
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...
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...
While the earlier attempt to monetize public assets initiated first in 1993 to monetize unutilized and surplus land assets, had come a cropper following resistance by state governments, the state governments wanted a share...
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...
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...
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...