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Author's Posts

Home > Posts by Ashish Kajla

Budget, Push for Privatisation and Outright Frauds

Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey...

Read more February 23, 2022 at 3:54 pm Ashish Kajla

Behind the ABG Shipyard fraud, a system that lets big firms gamble with savings of ordinary people

As theĀ Enforcement DirectorateĀ on Wednesday registered a case of money laundering against Gujarat-based ABG Shipyard based on the complaint of the State Bank of India, the company has been described as being involved inĀ ā€œIndia’s biggest...

Read more February 22, 2022 at 5:24 pm Ashish Kajla

GoI selling PSUs to ‘dubious’ investors amidst rising inequality, unemployment

In its reckless privatisation drive, the Government of India (GoI) isĀ sellingĀ the Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, a Non-Banking Financial Corporation (NBFC) with a dubious record, owned by a...

Read more February 9, 2022 at 6:05 pm Ashish Kajla

Govt continues its reckless selling of PSUs amidst rising inequality & unemployment

In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, an NBFC with a dubious record, owned by a furniture company, with less...

Read more January 28, 2022 at 12:03 pm Ashish Kajla

Banking and Customer Rights

The banking sector has definitely come a long way since nationalisation, we still are many miles behind in our target of achieving a fully inclusive banking system. Do we have a banking system where...

Read more August 3, 2021 at 4:55 pm Ashish Kajla

Internal Working Group of RBI recommends ownership of banks by industrial houses. Undoing Nationalization?

In November 2020, an Internal Working Group (IWG) of the RBI came out with a recommendation for allowing large corporate and industrial houses to promote banks and permitting promoters to raise their stakes in...

Read more January 1, 2021 at 10:10 pm Ashish Kajla

Bank Charges Should be Scrapped & Not Just Paused Out of ‘Benevolence’

The Ministry of Finance announced yesterday that, no public sector bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash to Bank of...

Read more November 5, 2020 at 2:40 pm Ashish Kajla

Banks Paying Heavily for Corporate Loan Waivers: RTI

Not Write offs, Corporate Loan Waivers Banks Recovered Only 10% Bad Loans After Writing Them Off !! According to an RTI response received from Reserve Bank of India, between 2014 and 2019 scheduled commercial...

Read more July 30, 2020 at 2:45 pm Ashish Kajla

Snippets from the World of National Financial Institutions – September, 2019

Rs. 1.76 lac crore from RBI’s reserve fund transferred to Central Government RBI central boardĀ accepted theĀ recommendations of the Jalan Committee – formed last year to review the economic capital framework for RBI’s reserved funds...

Read more September 18, 2019 at 5:00 pm Ashish Kajla

Snippets from the World of National Financial Institutions – August, 2019

Sovereign Debt: Liability in Perpetuity The announcement – made by Nirmala Sitharaman, Finance Minister of India in her maiden budget speech – that India will look for options to raise funds from external markets...

Read more August 23, 2019 at 3:22 pm Ashish Kajla

The Budget Presents Government’s Myopic Vision on the Banking Sector

The first budget of the newly re-elected government was placed on July 5, 2019, by the Finance Minister Nirmala Sitharaman. The budget failed to address the real problems of the economy like unemployment, agrarian...

Read more July 12, 2019 at 9:00 am Ashish Kajla

The Arbitrary Bank Charges must be Removed

Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving & current accounts) which banks use for...

Read more September 26, 2018 at 6:54 pm Ashish Kajla

Is Ownership Neutrality A Step Towards Privatisation?

The privatisation of public sector banks has been an issue of debate for a long time. Economic experts are again talking about privatisation of public sector banks (PSBs) due to current non-performing assets (NPAs)...

Read more August 3, 2018 at 4:19 pm Ashish Kajla

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