There is a euphoria around the ātax bonanzaā offered to the middle classes in this yearās Budget. The proposal of no tax for those with annual income up to Rs 12 lakh has been...
Indian banks walked nonchalantly into the new year, their indifference as thick as the smoke from industrial projects they finance. Pollution levels soared, environmental concerns, and sometimes protests, were witnessed over big infra projects...
The recently concluded COP29 left many people disappointed due to a lack of progress on critical issues. The Western world offered insufficient climate finance, while major polluters sought to undermine the fossil fuel phaseout...
Few of the Trade Union representatives from the Banking Industry met the Leader of the Opposition with certain demands on the Banking Sector. This came out on Social Media, and the Finance Minister, in...
A recent investigation by The Indian Express revealed that over 43% of the total non-performing assets (NPA) till March 2019, or Rs. 4.02 lakh crore, was accounted for by just 100 companies. According to...
The Mepadi landslide in Wayanad, Kerala, July 30, 2024, is one of the largest in the country, in terms of debris flow of nearly six million cubic metersāenough to fill 2,400 Olympic-sized swimming pools....
āDemocracy is by the people, for the people, and of the people.ā-Abraham Lincoln, 16th President of the USA (1861-65) We claim to be the largest democracy. Are we? Two latest developments raise this question....
Random Reflections The government and banks, which write off crores of depositorsā money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across...
In response to the urgent need for global climate action, the COP28 climate negotiations set a target to triple global renewable energy capacity by 2030, demanding a significant transfer of public finance towards the...
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...
A new ecosystem based on loan apps has mushroomed across Indiaās financial landscape over a decade, preying on those abandoned by the formal banking sector. The Reserve Bank of India (RBI) recently imposed a...
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...
“What really was new was the trick of claiming Neo liberalism stripped away rules when much of what it was doing was imposing new rules that favoured banks and the wealthy. For instance, the...
The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.