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Selling the Golden Goose for a Pittance – Does our FM know what LIC is?
In spite of strong opposition from all sections of the society, the Finance Minister has recently asked her Ministries to speed up LIC Initial Public Offer (IPO).
In spite of strong opposition from all sections of the society, the Finance Minister has recently asked her Ministries to speed up LIC Initial Public Offer (IPO).
Rural and farm credit were totally neglected before the nationalisation of banks on 19th July 1969. The historic All India Rural Credit Survey carried out in 1954 showed that formal credit institutions provided less...
The recent deal between Adani Capital and the State Bank of India has raised eyebrows. State Bank of India was known as the people's bank, and it could rightly claim that it was 'the...
Amendment of the banking law has been enlisted in this session of parliament. This is a reversal of the nationalization affected in 1969 and 1980, taking over private banks from business houses that were...
The book is worth reading to know how the public sector banks, the RBI and the Ministry of Finance deal with banking. How they create a crisis and try to manage it. I am...
The Union Government has announced setting up of a Bad Bank (the name itself is bad), called the National Asset Reconstruction Company Ltd (NARCL). It will buy loans above Rs.500 crores from the banks....
In a democracy, debates and discussions and are essential. Issues of governance are of vital importance. Parliament is meant to keep a check on the government by the people and for the people. But...
In January 2018, the Government of India launched EASE 1.0. It was developed by Boston Consultancy Group (BCG), a multinational consultant with no experience in banking at all, and it is still run by...
The Deposit Insurance Act 1961 came into force from 1st January 1962. Though the name still continues to be ‘Deposit Insurance and Credit Guarantee Corporation,’ the Credit Guarantee scheme was discontinued in 2003. The Deposit...
Tuhin Kanta Pandey, Secretary, Dept of Investment and Public Asset Management was addressing Industrialists in the meeting ‘CII National Conclave’ and stated that disinvestment is back on track now. He is supposed to invest...
Finance Minister Nirmala Sitharaman recently tweeted- “The Primary reason for PSBs to post such as Rs.57832 Crore turn around – from a loss of Rs.26016 Crore in 2019-2020 to a combined profit of Rs....
India has had informal Co-operatives sice a long time. In 1904, based on the recommendation of a Madras civilian Frederick Nicholson, the Co-operative Societies Act was passed and then amended in 1912.
It's well known now that RBI is no more an independent institution, and it’s going to destroy the economy of the country as directed by the Corporates. But its actions are alarming. Firstly, to help...
RBI has been losing credibility since demonetisation. Its subsequent efforts like not intervening when Bank charges were increased, proposing banking licences to corporates which RBI all along opposed on well found principles, allowing more...
Bank Nationalisation and the associated public policies on banking and financial sector development were predicated on the strong assumption of the need for promoting financial intermediation by building institutions, expanding their geographical spread, mobilising...