Random Reflections Archives - Page 6 of 24 - Centre for Financial Accountability

In a recent interview with the press in the industrial town of South India, Coimbatore, the Finance Minister clarified to Mr Sundarraman, a reporter from The Indian Express, that according to the bank’s data available to her (which she cross-checked on her tablet), 49.5 crore MUDRA loans have ...

General Random Reflections

Article

September 10, 2024

Thomas Franco

Banks and Disaster Relief

With climate change, human interventions, unscientific development and greed, disasters are frequently happening in the country. As Dr P. Sainath writes in the title of his famous book, “Everybody Loves a Good Drought,” everyone except those who are directly affected loves a disaster. T...

General Random Reflections

Article

September 3, 2024

Thomas Franco

Pension is not a bounty or grace, it is the right of every worker

India is ranked 45th in the Pension Grade System of 47 countries. The USA ranked 22nd is a capitalist country but 100% of its population is covered under a pension system. In most countries the employer, whether government or corporate, has to provide a pension to their employees. In India, pen...

General Random Reflections

Article

August 12, 2024

Thomas Franco

Corporate control of the country must go- Farmers are showing the way

During the year-long agitation in 2020-21, the farmers gave a call to boycott Ambani and Adani. Now they have given a call to Observe Corporate Quit India Day on 9th August 2024. They have valid reasons as Corporates are running the country today. The scandalous, extravagant and notorious ways of d...

General Random Reflections

Article

February 18, 2025

Thomas Franco

A great opportunity lost – Budget 24-25

Random Reflections The election result of June 4th gave a clear message to the ruling dispensation. They were reduced to a minority and had to depend entirely on a few allies to remain in power. This is despite votes stolen in at least 76 constituencies as per the report of an independent commissio...

General Random Reflections Union Budget

Article

July 21, 2024

Thomas Franco

The first 23 years of Nationalisation and 30 years of Privatisation

The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament the purpose, the expectation and the constitutional mandate.Let’s have a look at th...

General Random Reflections

Article

June 28, 2024

Thomas Franco

Where is my Interest? Will Nirmalaji explain?

As of 31st March 2024, the Indian Scheduled Commercial Banks (SCBs) had Rs 21,04.039 crore in Current Account, Rs. 63,00,792 crore in Savings Bank Accounts, Rs.12,51,022 crore in Term Deposits totalling Rs. 2,09,55,853 crores. Using these deposits, banks had provided a loan of Rs.1,69,13,694 crore. ...

General Random Reflections

Article

May 1, 2024

Thomas Franco

Where has the money gone in the last 10 years?

First, let us have a look at some real statistics. World Inequality Report on India 22.6% of the national income went to top 1% in 2022-23. While the share of wealth owned by the top 1% is 40%. As per Receipt, Budget 2023-24 Companies with more than Rs.500 Cr profit before taxes paid – 19.14% tax C...

General Random Reflections

Article

April 12, 2024

Thomas Franco

How the Banking Sector has been Destroyed in the Last 10 Years

The claim of the Prime Minister that the Banking Sector has become robust is not true if we analyse the facts and figures. On Jan 1 2015, Gyan Sangam 1 was organised in Pune in which the Prime Minister, the Finance Minister, the Secretary of Finance and private sector bankers were the main guests. A...

General Indian Economy Random Reflections

Article

April 1, 2024

Thomas Franco and Dinesh Abrol

India’s employment challenge requires a new vision and strategy for self-reliant development

Thomas Franco and Dinesh Abrol Random Reflections As it is impossible to refute the report of the International Labour Organisation, the Chief Economic Advisor Anantha Nageswaran recently said that the Government cannot solve all social, economic problems like unemployment and social security. He bl...

General Indian Economy Random Reflections

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.

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

Categories

Random Reflections

MUDRA loan numbers – Biggest jumla by the Finance Minister

Banks and Disaster Relief

Pension is not a bounty or grace, it is the right of every worker

Corporate control of the country must go- Farmers are showing the way

A great opportunity lost – Budget 24-25

The first 23 years of Nationalisation and 30 years of Privatisation

Where is my Interest? Will Nirmalaji explain?

Where has the money gone in the last 10 years?

How the Banking Sector has been Destroyed in the Last 10 Years

India’s employment challenge requires a new vision and strategy for self-reliant development

MUDRA loan numbers – Biggest jumla by the Finance Minister

Banks and Disaster Relief

Pension is not a bounty or grace, it is the right of every worker

Corporate control of the country must go- Farmers are showing the way

A great opportunity lost – Budget 24-25

The first 23 years of Nationalisation and 30 years of Privatisation

Where is my Interest? Will Nirmalaji explain?

Where has the money gone in the last 10 years?

How the Banking Sector has been Destroyed in the Last 10 Years

India’s employment challenge requires a new vision and strategy for self-reliant development

CFA