Wrong Diagnosis & Misplaced Priorities
A Critique of the Boston Consulting Group's Report on Banking in India
Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?
Random Reflections The government and banks, which write off crores of depositors’ money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across...
Statement to the multilateral development banks: Criteria for public investments in 100% renewable energy for climate, for people, for the planet.
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...
MUDRA loan numbers – Biggest jumla by the Finance Minister
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...
To undo the deadly noose of loan apps, RBI’s occasional warnings won’t do
A new ecosystem based on loan apps has mushroomed across India’s financial landscape over a decade, preying on those abandoned by the formal banking sector. The Reserve Bank of India (RBI) recently imposed a...
Banks and Disaster Relief
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...
Where is My Interest Rate? | Unlocking banking for the people (Volume 1)
“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...
Why RBI’s financial governance should address social and environmental concerns
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.
The first 23 years of Nationalisation and 30 years of Privatisation
The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament...
Where is my Interest? Will Nirmalaji explain?
The plain truth is- ‘without depositor's funds, banks will cease to exist.’ Hence, the banks have a primary responsibility towards the depositors. They should not only keep the deposit safe but also provide a...
परमाणु ऊर्जा में विदेशी पैसा
डेढ़ दशक पहले अमरीका के साथ होने वाले जिस परमाणु समझौते को लेकर तब की मनमोहन सिंह सरकर गिरने-गिरने को हो गई थी, आज वही परमाणु ऊर्जा खुल्लम-खुल्ला धंधे में उतर आई हैं। दुनियाभर...
Centre for Financial Accountability urges RBI to broaden scope of climate-related financial risk framework
The CFA emphasised the critical need to empower shareholders, customers, and the general public with comprehensive information on the climate crisis's impact on FI investments.
CFA bats for enhanced climate accountability measures in RBI’s draft norms
Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements.
Where has the money gone in the last 10 years?
Can you see that the entire country is run by three business magnets? There are a few more. As told by the former Chief Executive of Niti Ayog, Amitabh Kant, they are creating 5...
Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters
The gap between the IBC's intended purpose and its real-world uses raises worries about the overall economic impact.
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