Beyond the Frenzy Sale of PSUs!
The government wants to sell the Life Insurance Corporation of India (LIC), which is worth about Rs 34 trillion (USD45 billion). The stage has been set with increasing foreign direct investment (FDI) in insurance...
LIC IPO ā Killing The Golden Goose
Life insurance forms a vibrant part of the financial sector and plays a vital role in the national economy. It mobilizes small savings of the people, converts it into Capital, and makes this Capital...
Challenges Before the Banking Sector Today
The Public Sector Banks have been facing challenges since 1991 with the so-called reform process. Starting from the Narasimhan Committee to P.J. Nayak Committee has recommended reducing Government share. They want banks to be...
Privatization through Asset Monetization
While the earlier attempt to monetize public assets initiated first in 1993 to monetize unutilized and surplus land assets, had come a cropper following resistance by state governments, the state governments wanted a share...
Taking away Govt business from Govt Banks: A deep conspiracy to kill them.
The Finance Minister has announced that the government business handled by the government banks i.e. the public sector banks will also be provided to the private sector.Ā Already certain government businesses have been slowly...
Isnāt Selling PSEs, Banks, Insurance, and Assets not selling family silver?
The Finance Minister has stated that she is not selling family silver but strengthening it. Is it true? Department of Investment and Public Asset Management (DIPAM) states that four major areas of its work...
Press Release on the inaugural of Energy Finance Conference India
The Inaugural Session of the 2nd Energy Finance Conference India 2020 builds the blueprint for an economically and socio-politically feasible sustainable energy transition A distinguished panel of academics, policy experts and activists pitches for...
‘Smart Cities Mission’ is anti-poor, non-inclusive, and against the constitutional mandate: Experts
While the 2015 idea of ‘100 Smart Cities Mission’ promised improved standards of living, the reality is that it has forced many people into poverty. Instead of acting as a role model for the...
Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector ā End of the Road?
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...
Random Reflections- Demonetisation ā The cruel joke on the People
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 āI have asked the country for just 50 days....
Post Covid Funds for India
Since the COVID-19 crisis emerged, MDBs have stepped in with massive packages for economic, social and health support.Ā Details of funds received by India from MultilateralĀ Development Banks for COVID-19 recovery support as of 30th October...
SAVE PUBLIC SECTOR CHARACTER OF IDBI
TO PROTECT HARD EARNED SAVINGS OF THE COMMON MAN ORIGIN OF DEVELOPMENT BANKING Historically, the idea of establishing special institution for the provision of finance for industry was put forth in strong terms, as...
Random Reflections; Privatization of Public Sector ā Withering of the State?
We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, āTryst with destinyā, underlined that the service of...
Random Reflections- How & why Manmohan Singh was wrong then & wrong now?
On 24th July 1991 Dr. Manmohan Singh presented his budget to the parliament in which he stated that until November 1989 when his Congress party was in office the economy was doing well but...
Random Reflections- Solutions for the Banking Sector
āCall the dog mad and shoot itā was the old slogan. The present slogan is, āpoison the dog, make it look like mad and shoot itā. The governments have done exactly the same with...
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