Increase in ATM Charges and RBI Actions and Inactions
From the first of May, the Reserve Bank of India (RBI) has permitted the banks, an increase in the charges for ATM transactions above a free limit. The free limit is 5 transactions in...
Secrecy is protecting defaulters under the RBI Act and the proposed DPDP Act.
The whole world is talking about transparency, while data is accessed by the Big Four companies (Google, Microsoft, Amazon and Meta) virtually and used widely, invading your privacy. Mukesh Ambani said, “Data is the...
It is not tariff which we should worry about. It is the non-tariff barriers and policies everyone should worry about.
It is interesting to see the havoc created by the tariffs announced by Donald Trump, who became President for the second time after a loss in 2020.
RBI Attack on Small Borrowers â New RBI Governor Should Act
The Reserve Bank of India issued a circular on 30th September 2024 titled, âGold Loans â Irregular Practices Observed in Grant of Loans Against Pledge of Gold Ornaments and Jewellery.â The instructions are for all banks and...
BULA to Kill Self Help Movement
The Government of India, Ministry of Finance, vide their Letter No: F.No.7/93/2024-BOA-I dated 13.12.2024 under the subject: Stakeholder Consultation on Draft Bill to Curb Unregulated Lending Activities â reg., has asked states, ministries, RBI,...
Tamilnadu Economic Survey and Budget
A model for the country and other states! We have seen many Union Economic Survey and Budget as well as State Budges. Kerala Budget especially by Dr. Thomas Issac used to have innovations and...
Income Tax Bill – Opportunities Ignored – Weapons Sharpened
The Income Tax Bill 2025 was a great opportunity to bring real changes to the tax system of the country. The top taxpayers in the country are actors and not the corporate richest and...
An appeal to SuPer SBI from a Common Citizen
SBI, the 218-year-old bank, the largest in the world in terms of number of branches and customers, which is a leader in housing loans, education loans, and many such areas, is conducting a massive...
Banking Sector under severe stress. Strike by all employees on March 24 & 25. Why?
The United Forum of Bank Unions (UFBU) has started an agitation programme with a massive demonstration across the country on 14 February 2025 (Photos).
Budget 2025 â rhetorics repeatedÂ
Slogans modified. No efforts to revive the Economy. In a surprise, Dr. Ananda Nageswaran, Chief Economic Advisor, with his team of more than 150 people, produced an Economic Survey 2025 with certain critical comments....
Development of Local Economy by Grassroots Organizations â An Experience from the South
The entire economy of the country is under stress today. Unprecedented unemployment, lack of support for micro enterprises, communal tensions, lack of markets for produce, intermediaries taking a major share of the profit, erosion...
The Finance Minister has a great opportunity to amend the tax structure. Will she do it?
Peoples Commission on Public Sector and Public Services has issued a statement on tax structure which the Finance Minister should look into. All over the world there are changes proposed in the tax system...
The Dangers of Neo-Banking, Fintechs, and the Inactiveness of the RBI
I remitted some money using GPay recently. There were many people with the same name, and erroneously the money went to the wrong account of one Arjunan. When the actual Arjunan to whom the...
Few Questions to the Finance Minister
Few of the Trade Union representatives from the Banking Industry met the Leader of the Opposition with certain demands on the Banking Sector. This came out on Social Media, and the Finance Minister, in...
A Government without Accountability? Is it a death of Democracy already?
âDemocracy is by the people, for the people, and of the people.â-Abraham Lincoln, 16th President of the USA (1861-65) We claim to be the largest democracy. Are we? Two latest developments raise this question....
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