Random Reflections Archives - Page 8 of 24 - Centre for Financial Accountability

Thomas Franco Random Reflections Addressing a Rozgar Mela last month and virtually handing over 70,000 appointment letters (remember the 2 crore jobs per year promise and the vacant 9, 60,000 posts in the union government itself) the prime minister was in his usual gloating style. “UPA alliance gove...

General Indian Economy Random Reflections

Article

July 19, 2023

Thomas Franco

Nationalisation of Banks was a historical achievement, and it has to be saved!

Random Reflections Though the government announced two years ago that it is going to privatise two public sector banks, it could not privatise even one so far because of the strong opposition from the United Federation of Bank Unions. Yet, using dubious methods, it has succeeded in reducing the stre...

General Random Reflections

Article

July 3, 2023

Thomas Franco

Time to Wind up National Company Law Tribunals

Thomas Franco Random Reflection The Financial Stability Report (FSR) released by the Reserve Bank of India (RBI) has certain very damaging revelations. It is surprising that RBI gave thumbs up to them and claimed that non-performing assets (NPAs) have come down. The FSR says, since Dec 2016, 6571 Co...

General Indian Economy Latest Random Reflections

Article

June 23, 2023

Thomas Franco

RBI FAQs – Hiding a pumpkin inside a bowl of Rice!

Thomas Franco Random Reflections The RBI circular dated 8th June 2023, permitting public sector banks, private banks, small finance banks, co-operative banks and non-banking finance companies to have compromise settlements with willful defaulters and frauds generated sharp response from bank trade u...

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Article

June 16, 2023

Thomas Franco

RBI Supports frauds and wilful defaulters – Why?

Thomas Franco Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write offs by banks and Non -Banking Finance Companies, as per the new RBI circular. “A wilful defaulter is a borrower who refuses to repay loans despite having capacity to pay up” as per...

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Article

June 9, 2023

Thomas Franco

Bank Officers and Employees Come in Support of the Protesting Wrestlers

Thomas Franco All India Bank Officers Confederation (AIBOC) and All India Bank Employees Association (AIBEA), both apex bodies representing more than 6 lakh bankers, have addressed a communique to express their strong condemnation and outrage regarding the brutal attack on the wrestlers who were pe...

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Article

May 29, 2023

Thomas Franco

What is the real intention of withdrawing Rs 2000 notes?

The RBI Governor Shaktikanta Das is the only Governor without an economics background; he studied history. He was the Secretary, of Economic Affairs on November 8, 2016, when demonetisation was announced by the Prime Minister instead of the RBI Governor. Now on 3-year extension as RBI Governor, he h...

General Indian Economy Latest Random Reflections

Article

July 18, 2023

Thomas Franco

Banking Sector shows the way for Industrial Relations and improved productivity

The Indian banking sector has a unique industrial relations machinery that came into practice through struggle and sacrifices, and it is not only for the workmen but also for the officers. In 1969 the supervising officials of the State Bank of India went on an indefinite strike which lasted for 17 d...

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Article

May 10, 2023

Thomas Franco

Using Artificial Intelligence in Banking may become disastrous

Geoffrey Hinton, aged 75, known as the father of Artificial Intelligence (AI) has recently resigned as Vice President, at Google to speak about the potential risks of AI. More than a thousand technology leaders and researchers have written open letters highlighting the rapid pace of AI development ...

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Article

May 8, 2023

Thomas Franco

Withdrawal of Amendment to Factories Act – Lesson for the Union Govt

The Tamil Nadu Government passed an amendment to the Factories Act permitting employees to have 12 hours work day for 4 days with 3 days leave in a week on April 21st. The trade unions opposed it and announced a strike. The State government immediately invited the Trade Union leaders for a talk with...

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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.

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Random Reflections

How is writing off Rs.15, 31,453 crore ‘good banking,’ Modiji?

Nationalisation of Banks was a historical achievement, and it has to be saved!

Time to Wind up National Company Law Tribunals

RBI FAQs – Hiding a pumpkin inside a bowl of Rice!

RBI Supports frauds and wilful defaulters – Why?

Bank Officers and Employees Come in Support of the Protesting Wrestlers

What is the real intention of withdrawing Rs 2000 notes?

Banking Sector shows the way for Industrial Relations and improved productivity

Using Artificial Intelligence in Banking may become disastrous

Withdrawal of Amendment to Factories Act – Lesson for the Union Govt

How is writing off Rs.15, 31,453 crore ‘good banking,’ Modiji?

Nationalisation of Banks was a historical achievement, and it has to be saved!

Time to Wind up National Company Law Tribunals

RBI FAQs – Hiding a pumpkin inside a bowl of Rice!

RBI Supports frauds and wilful defaulters – Why?

Bank Officers and Employees Come in Support of the Protesting Wrestlers

What is the real intention of withdrawing Rs 2000 notes?

Banking Sector shows the way for Industrial Relations and improved productivity

Using Artificial Intelligence in Banking may become disastrous

Withdrawal of Amendment to Factories Act – Lesson for the Union Govt

CFA