Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 is supposedly the new weapon in the governmentâs arsenal to âsolveâ the bad loan crisis. This Billâs stated objective is to form a Resolution Corporation that...
The Financial Resolution and Deposit Insurance Bill (FRDI) was introduced by the Union Minister of State for Finance Arjun Ram Meghwal in the Parliament (Lok Sabha) on August 10, 2017, on the penultimate day...
Maju Varghese The Parliament met from July 17 to August 11, 2017. The election of the president and vice-president of India took place during this session. The new vice-president, M Venkaiah Naidu, presided over...
New Report, looking into the share of particular sectors  -in particular, power, steel infrastructure
It is an acknowledged fact that the Indian banking system is facing an unprecedented crisis. The problem of bad loans and the need for a capital infusion, drastic changes in financial policies, new legislation...
August 10, 2017, New Delhi: âThe government, which is arguing against the right to privacy in Aadhaar, is fighting for the privacy of large corporate defaulters,â said eminent lawyer Prashant Bhushan, who has raised...
The Asian Development Bank was conceived in the early 1960s as a financial institution that would foster economic growth and cooperation in Asia. India was a founding member of the Asian Development Bank (ADB)...
Conversations on Finance Understanding Goods and Service Tax (GST), its impact and implications GST, as a concept, introduced by the UPA government in the budget speech by Chidambaram, is a reality today. Pranab Mukherjee,...
With Subhash Chandra Garg assuming charge as secretary of the Department of Economic Affairs (DEA) in the Finance Ministry, the position of the Indian Executive Director (ED) at the World Bank has fallen vacant. The 1983-batch...
The union cabinet, chaired by Prime Minister Narendra Modi, has recently approved the proposal to introduce the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 in the upcoming monsoon session of the Parliament. The...
Like India once had a Ministry of Disinvestment, it’s time she has a Ministry of Loss Making. How else can one understand governmentâs eagerness to buy out all loss making projects, whether in coal,...
Asia Infrastructure Investment Bank (AIIB) recently concluded its Second Annual Board of Governorsâ meeting in Jeju, South Korea. The three-day-long meeting, during June 16-18, 2017, saw the participation of Board of Governors, representatives from...
A U.S. Federal Court has held that the International Finance Corporation (IFC) is entitled to âabsolute immunityâ from lawsuits brought by communities harmed by IFC projects. The case, filed by communities affected by the...
Non-Performing Assets (NPAs), a euphemism for toxic or bad loans, has been looming over Public Sector Banks (PSBs) for over a year. C. P. Krishnan, the General Secretary of Bank Employees Federation of India...
The Constitution of India has accorded the Parliament the supremacy among the three organs of the Union government viz legislature, executive, and judiciary. Parliament not only makes the laws but also enables the citizens...
