Random Reflections Archives - Page 7 of 24 - Centre for Financial Accountability

Bankers have successfully achieved their dream of five-day work along with wage revision with the help of their unions, but there is more than meets the eye. Let’s get into the details and understand what went behind to bring about this change. Only in the banking industry wage revision is agreed up...

General Random Reflections

Article

March 6, 2024

Thomas Franco

SBI in the news for wrong reasons once again!

Random Reflections The largest bank in the country has earned the trust of the people. That’s why there are 48 crore accounts in the bank. But its recent request seeking more time to furnish the data on electoral bonds is not sitting well with the people. It is high time for the bank to introspect! ...

General Random Reflections

Article

February 28, 2024

Thomas Franco

Goldman Sachs Report and the True Picture of the Indian Economy

Random reflections I am not a big fan of international Rating Agencies, but the recent report of Goldman Sachs analysts shows that they too agree with our concerns about the Indian economy. They clearly say that the financial sector might be entering a challenging phase as the “Goldilocks peri...

General Random Reflections

Article

February 18, 2025

Thomas Franco

Interim Budget or Report Card? Claims and Reality

Random Reflections The Interim Budget 2024 created a lot of expectations as it was presented in the election year. In 2019, PM Kisan Scheme was announced providing Rs 6000 per year to farmers owning less than 2 hectares of land. PM Shram Yogi Mandhan insurance scheme was also announced in the interi...

General Random Reflections Union Budget

Article

January 24, 2024

Thomas Franco

Federalism Under Attack; Will The State Wither Away?

Random Reflections India is a federal union of states. Without the states, there is no union. Fiscal federalism means the allocation of taxes to the states. However, after the introduction of GST, the states have very limited scope of raising resources by themselves. In the year 1919 as well as in 1...

General Random Reflections

Article

January 12, 2024

Thomas Franco

Insolvency and Bankruptcy Code Requires a Serious Review

Insolvency and Bankruptcy Code (IBC) came into effect in 2016 with the following objectives: Maximize the value of the assets of the debtor, promote entrepreneurship and encourage entrepreneurship, ensure a timely and effective resolution of insolvency and bankruptcy cases, balance the interests of ...

General Random Reflections

Article

December 26, 2023

Thomas Franco

Where people’s money should be spent? People’s Manifesto by Vikalp Sangam

Random Reflections Our country has a debt of $21.23 trillion (Rs.155.77 lakh crores in March 2023) estimated to increase to Rs.172.50 lakh crores by March 2024. IMF has projected it to reach 100% of GDP by 2028 which the Union Government is disputing. In 2014, this debt was just Rs 53.11 lakh crore,...

General Random Reflections

Article

December 15, 2023

Thomas Franco

Election victory is a combination of many efforts – Loans are a major factor!

Random Reflections The five state election results are being analysed from various angles. Communal polarisation, EVM manipulation, and welfare schemes are the ones being discussed much more. After the UP Assembly elections, I wrote about how the banks helped BJP to win. No one had seriously looked ...

General Random Reflections

Article

November 28, 2023

Thomas Franco

Why electricity tariff is going up? Who is the beneficiary?

Random Reflections Union Ministry of Power has used its power under Section 11 of the Electricity Act, 2003 to force States to import coal which has led to an increase in the cost of electricity production and every consumer is paying a higher tariff. In India, almost everybody from farmers to MSMEs...

General Random Reflections

Article

September 1, 2023

Thomas Franco

Should SBI backtrack on its loan to Adani? It should!

Random Reflections In spite of the Hindenburg report and the SEBI enquiry under progress, the SBI-led consortium has agreed to give another Rs 34000 crore to the Adani Group as per the news reports. Adani Group has 9 listed companies, namely ACC Ltd, Adani Enterprises Ltd, Adani Green Energy Ltd, Ad...

General Random Reflections

Article

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

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Random Reflections

Banking Industry gets Wage Revision – Settlement Signed

SBI in the news for wrong reasons once again!

Goldman Sachs Report and the True Picture of the Indian Economy

Interim Budget or Report Card? Claims and Reality

Federalism Under Attack; Will The State Wither Away?

Insolvency and Bankruptcy Code Requires a Serious Review

Where people’s money should be spent? People’s Manifesto by Vikalp Sangam

Election victory is a combination of many efforts – Loans are a major factor!

Why electricity tariff is going up? Who is the beneficiary?

Should SBI backtrack on its loan to Adani? It should!

Banking Industry gets Wage Revision – Settlement Signed

SBI in the news for wrong reasons once again!

Goldman Sachs Report and the True Picture of the Indian Economy

Interim Budget or Report Card? Claims and Reality

Federalism Under Attack; Will The State Wither Away?

Insolvency and Bankruptcy Code Requires a Serious Review

Where people’s money should be spent? People’s Manifesto by Vikalp Sangam

Election victory is a combination of many efforts – Loans are a major factor!

Why electricity tariff is going up? Who is the beneficiary?

Should SBI backtrack on its loan to Adani? It should!

CFA