Snippets from the Indian Banking and Finance Arena – November 2020 RBI announces: India in historic technical recession. Is COVID pandemic the only reason? RBI’s deputy governor in charge of monetary policy, along with...
After more than 3 years of negotiations, strikes and agitations, wage revision for bank employees has been signed on 11.11.2020. For the award staff it is called Bipartite Settlement as they are covered under...
एनर्जी सेक्टर स्निपेट- अक्टूबर 2020 पावर सेक्टर निजीकरण के विरोध पर उत्तर प्रदेश मे एक अस्थाई सफलता अप्रैल 2020 से, बिजली संशोधन विधेयक 2020 के प्रस्तावित मसौदे के खिलाफ बिजली क्षेत्र की ट्रेड यूनियन...
After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked speech in Goa said “I have asked the country for just 50 days....
Snippets from Energy Sector– October 2020 Temporary success resisting privatisation of power in Uttar Pradesh Since April 2020, power sector trade unions have been protesting across the country against the proposed draft of Electricity...
The Ministry of Finance announced yesterday that, no public sector bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash to Bank of...
Infrastructure Finance Update October 2020 This month in Infrastructure Finance Update – the government looks to seek the Parliament’s approval for Rs 37,000-crore additional spending on infrastructure development in the second batch of supplementary...
A pandemic like crisis naturally demands meticulous care, absolute impartiality and sheer stainless character in action. However even in this hour of peril the ruling party stooped further low by refusing to rise above...
On October 2020, RBI has slapped a penalty of Rs.1 Crore on Jio Payment Bank. JPB is a venture of Reliance with 70% holding and SBI 30%. The contents of RBI Press Release The...
Since the COVID-19 crisis emerged, MDBs have stepped in with massive packages for economic, social and health support. Details of funds received by India from Multilateral Development Banks for COVID-19 recovery support as of 30th October...
Cities are ever dynamic. The dynamic landscape of cities is a reflection, a miniature representation of societal interactions throughout history, static in its built forms and but constantly reinventing in contemporary ways of living....
Why a Course on Development Finance? Economist Dr. Ha-Joon Chang, University of Cambridge says, “95 per cent of economics is common sense- made to look difficult, with the use of jargons and mathematics.” While...
Netflix is screening a three part series titled “Bad Boy Billionaires – India”. The documentary outlines certain elements of the stories of Vijay Mallya, Nirav Modi and Subrata Roy. The documentaries are inaccurate, inadequate...
Prime Minister Modi continues to defend the farm Acts passed in the houses by blaming the opposition of spreading lies. He also added that the Acts will enable famers to sell their produce anywhere in...
On 12th October, the Finance Minister told the media that she is announcing a package to boost demand. What is the Package? The package includes Rs.10000 Festival advance to central government employees, LTC cash...