Should SBI become the voice of the Government?
State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has to be independent, and it has acted independently in the past. For example, Mr...
IDBI Bank Sale—The Height of Madness
When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be allowed to fail,” the Union Government announced an Expression of Interest in selling IDBI Bank.
Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?
The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.
At India’s Climate, Finance and Policy Intersection, Big Infra Remains King
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. A 2021 report found that ICICI, the State Bank of India,...
Lies, Despair and a Grotesque Inequality Plagues Indian Economy Today
We witnessed an infantile jubilance on the part of the government since last year about a “record recovery” from the pandemic. Finance Ministry’s report claimed that armed with necessary macro and micro growth drivers, India...
Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?
“Banking is a very good business if you don't do anything dumb,” goes an anonymous quote.
Black Money, Fake Notes and Inflation – What are the Government and RBI doing?
On November 8th, 2016, Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes would be abolished. These notes have to be surrendered to the bank branches. He said black money...
Tata gets a loan at 4.5%, but the poor pay over 26% for microfinance!
On 14th March 2022, RBI issued revised instructions for microfinance loans to the poor by Non-Banking Financial Companies (NBFCs) called Micro Finance Institutions (MFIs).
Should Corporates Own Banks?
“It would be difficult to undertake credit planning unless the linked control of Industry and Banks in the hands is snapped by Nationalisation of Banks,” said R K Hazari in the R K Hazari...
GoI selling PSUs to ‘dubious’ investors amidst rising inequality, unemployment
In its reckless privatisation drive, the Government of India (GoI) is selling the Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, a Non-Banking Financial Corporation (NBFC) with a dubious record, owned by a...
RBI and its crucial policy impact on Govt Investments
When the economy slows down, the norms and policies of the government and the central bank must be more flexible in order to facilitate easy recovery. Due to RBI's stringent policies on the Investment...
Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?
While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of...
A Look at Fintech Apps and Security Concerns
Today Google Pay (G-Pay) owned by Google, PhonePe owned by Walmart, PayTm owned by Soft Bank and other payment apps have taken over money transfers. As per the report of the National Payment Corporation...
Is the New DFI Answer to India’s Infrastructural Challenges?
The infrastructure sector is one of the key sectors for India to achieve higher economic growth rates and requires major investments into projects to push the growth rates higher. The infrastructure sector requires long-term...
RBI’s “Consultative Document on Regulation of Micro-Finance” Part -2
RBI vide its June 14, 2021 press release has issued a 30 page “Consultative Document on Regulation of Microfinance” (henceforth “Document”) seeking comments from public at large.
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