Random Reflections Archives - Page 11 of 24 - Centre for Financial Accountability

Random Reflections State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has to be independent, and it has acted independently in the past. For example, Mr R.K. Talwar as chairman of the bank, refused to give a loan recommended by Mr Pranab Mukherjee, the t...

General Random Reflections

Article

October 12, 2022

Thomas Franco

IDBI Bank Sale—The Height of Madness

Random Reflections When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be allowed to fail,” the Union Government announced an Expression of Interest in selling IDBI Bank. According to the DIPAM notification, the “Industrial Development Bank of India (“I...

General Random Reflections

Article

October 3, 2022

Thomas Franco

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

Random Reflections A farmer came to a bank and asked for a loan for cultivation. The branch manager asked for security. The farmer said that he doesn’t have any security. The branch manager asked for the land documents, encumbrance certificate, chitta, and legal opinion and finally gave a loan. Aft...

Random Reflections

Article

September 26, 2022

Thomas Franco

History in the making: March for Accountability Act in Rajasthan

Random Reflections Jawabdehi Yatra organised by Mazdoor Kisan Shakti Sangathan (MKSS) along with 80 other organisations in Rajasthan is making history. Rajiv Gandhi once said that only 30% of the government funds reach the ultimate beneficiary. The government machinery in many states is seen as un...

General Random Reflections

Article

September 22, 2022

Thomas Franco

Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?

Random Reflections The derailment began in 1991, with the World Bank, IMF loan, and the Liberalisation, Privatisation, and Globalisation agenda. Post – Independence Economy We were left with a depressed economy. From 1900 through 1947, the average annual growth rate was under 1%. Capital formation...

General Indian Economy Random Reflections

Article

September 9, 2022

Thomas Franco

Is the claim of Adani Group true? Who can clarify?

The Adani Group is taking all efforts to counter the opinion expressed in the recent CreditSights report, a subsidiary of Fitch Ratings, which said it remains “cautiously watchful” of the debt-funded expansion of the Adani Group, particularly the listed entities. Leading newspapers have published ar...

General Random Reflections

Article

September 9, 2022

Thomas Franco

RBI Bulletin- What did the media miss out?

RBI Bulletin of Aug 2022, which is available on the website www.rbi.org.in titled, “Privatisation of Public Sector Banks; An alternate Perspective” authored by Snehal S Herwadkar, Sonali Goel and Rishuka Bansal of the Banking Research Division of RBI has evoked a lot of response in the mainstream me...

General Random Reflections

Article

August 17, 2022

Thomas Franco

KYC – Kill Your Customer?

Last year, a retired scientist received a call purportedly from SBI informing him that his account is blocked for non-compliance of KYC. They sent him a password to be shared with the caller. He promptly did it. The caller then asked for confirming the name, account number and Aadhar number, that to...

General Random Reflections

Article

August 9, 2022

Thomas Franco

Developing Rural Economy through Unionisation- A Classic Model

Mahatma Gandhi National Rural Employment Guarantee Act 2005 was started in 2005 by the United Progressive Alliance- a coalition Govt led by the Congress Party in which the Left played an important role. Under this scheme, 15.31 Cr workers are enrolled and Rs.6.52 crore assets have been created to da...

General Random Reflections

Article

August 4, 2022

Thomas Franco

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

A report presented by Poonam Gupta and Arvind Panagaraiya at the India Policy Forum 2022 on 12th July, is clearly a prescription for destroying the Indian Economy which is already on the verge of collapsing. Introduction They start with nice statements- ‘Finance is the lifeblood of an economy....

General Random Reflections

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

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Random Reflections

Should SBI become the voice of the Government?

IDBI Bank Sale—The Height of Madness

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

History in the making: March for Accountability Act in Rajasthan

Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?

Is the claim of Adani Group true? Who can clarify?

RBI Bulletin- What did the media miss out?

KYC – Kill Your Customer?

Developing Rural Economy through Unionisation- A Classic Model

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

Should SBI become the voice of the Government?

IDBI Bank Sale—The Height of Madness

Importance of Public Banking System and How the Social Responsibility of Banks is being Diluted

History in the making: March for Accountability Act in Rajasthan

Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?

Is the claim of Adani Group true? Who can clarify?

RBI Bulletin- What did the media miss out?

KYC – Kill Your Customer?

Developing Rural Economy through Unionisation- A Classic Model

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

CFA