FRDI Bill is a problem, not a solution
The proposed FRDI Bill in its current form could impact banks in a detrimental way. The Modi-led NDA government did not have to be in the defensive many a time, in its nearly four-year...
Campaign to Save Public Sector Banks Reaches Hyderabad
AIBOC, NAPM, NTUI have been holding meetings in various regions as a part of the campaign to save public sector banks and to repeal FRDI Bill. As a part of this campaign, a public...
The US Supreme Court is Our Last Hope
For Immediate Release The US Supreme Court is Our Last Hope to Ensure Accountability of the World Bank Group January 23, 2018, Washington, D.C. and Mundra, Gujarat: Fishing communities and farmers affected by Tata...
The Murky Business of Ease of Doing Business Ranking
In a major revelation, Paul Romer, the chief economist of World Bank apologized to Chile for changes to the Ease of Doing reports methodology which conveyed the wrong impression of the business environment under...
53 development experts call bluff on IMF’s social protection
Over fifty renowned economists, academics and development experts from across the world recently wrote to the Executive Board of the International Monetary Fund to express concern over the IMF “independent” evaluation of The IMF and social protection,...
Banking on Accountability and Transparency
Burdened with the ever-increasing non-performing assets (NPAs) and saddled with its provisioning, it is common knowledge now that Public Sector Banks (PSBs) have suffered enormous losses and thus, are in a crisis. The current...
CSOs Call for Accountability and Disclosure from AIIB on its FI Investments
Representatives from civil society organizations from all over the world have written a letter this week to the AIIB, drawing urgent attention to rising concerns of AIIB’s investments through Financial Intermediaries (FIs). This is in...
NPA is due to the corporate default: Prof. Prabhat Patnaik
For immediate release Dishonest to say that NPA crisis is due to the default in agricultural loans: Prof. Prabhat Patnaik New Delhi, January 13, 2018: “It is incorrect to say that the rise in...
कोयला सेक्टर में भारतीय बैंकों का कर्ज
भारत की पावर कम्पनियो को मिला जनवरी 2014 से सितम्बर 2017 के बीच 3.79 लाख करोड से भी अधिक का कर्ज। विदेशी व्यवसायिक बैकों ने भारत की पावर कम्पनियो मे किया 84,206 करोड का...
IMF Violates International Human Rights Laws: UN Human Rights Experts
Several UN human rights experts last month wrote an open letter to the Executive Board of the International Monetary Fund to express their dismay about the general approach of the IMF to social security reforms that has...
सरकारी बैंकों द्वारा बैंक खातों में न्यूनतम राशि पर रोक लगायी जाये
प्रेस विज्ञप्ति गरीबी पर जुर्माना – सरकारी बैंकों द्वारा बैंक खातों में न्यूनतम राशि के अधिनियम पर रोक लगायी जाये इस हफ्ते बहुत ही चौकाने वाली बात सामने आयी है कि भारतीय स्टेट बैंक...
Citizens Demanding their MPs to Repeal FRDI
Concerned citizens are drawing the attention of the members of the Parliament towards serious implications of the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 on the individual depositors and the banking sector at...
PSBs Must Stop Minimum Account Balance Requirement
Public Statement Penalizing for Poverty – Public Sector Banks Should Stop Extorting Money Over Minimum Account Balance (MAB) Requirement It was highly shocking to learn that State Bank of India (SBI) had levied Rs...