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Author's Posts

Tax the Rich Campaign Gains Momentum

The ever widening inequality in our country can be reversed only by taxing the rich. Even during the two years of the Covid-19 pandemic the income that Mukesh Ambani earned is equivalent to what a NREGA Worker will...

Read more March 27, 2023 at 10:43 am Thomas Franco

Will India Learn a Lesson from the US Private Banks Collapse?

Silicon Valley Bank which was one of the biggest banks in the US collapsed, followed by Signature Bank. Now Moody’s Investor Service has placed First Republic Bank, Western Alliance Bank Corp, Intrust Financial Corp,...

Read more March 16, 2023 at 11:10 am Thomas Franco

Finally a Five-Day Week in Banks!

Banks abroad work only five days a week. International financial system works only five days a week.  Reserve Bank of India works only for five days a week. The Central Government Offices and most...

Read more March 7, 2023 at 12:54 pm Thomas Franco

100 Days agitation by 100 workers per day demanding 100 days’ work without hitches

15 crore workers who have registered under the Mahatma Gandhi National Rural Employment Scheme have been under difficulties ever since the BJP Govt came to power in 2014.

Read more February 28, 2023 at 7:02 pm Thomas Franco

Empowering women economically leads to overall development

Economic empowerment is essential for women to participate in different actions and struggles. There are many examples in India where women have mobilised themselves to economically improve their life and also participate in collective...

Read more February 20, 2023 at 4:28 pm Thomas Franco

Interest Rates in Banks – Where the rich pay less than the rest!

The Reserve Bank of India has been announcing repo-rate hikes for some time. While most of the commoners don’t understand what that means but know that it is spiking their EMI. They are told...

Read more February 15, 2023 at 12:26 pm Thomas Franco

Budget: A cruel joke on the majority and benefits for the rich

The Godi media which had been asking for opinions from people on what is needed from the budget has forgotten the wishes of people and showering encomium on the Finance Minister who has made...

Read more February 4, 2023 at 10:41 am Thomas Franco

Who is going to fall? Gautam or Narendra?

Mr Gautam Adani who become the second-richest man due to the support of Mr Narendra Damodardas Modi (See Random Reflections – Why boycott Adani) is in deep trouble. Almost every bank in the country...

Read more January 31, 2023 at 5:14 pm Thomas Franco

Demonetisation, Supreme Court order and unanswered Questions

In this in-depth analysis of the entire Demonetisation process in the context of the 4:1 Supreme Court verdict delivered on January 02, 2023, points out that the extensive damages caused by the 2016 measure...

Read more January 11, 2023 at 5:04 pm Thomas Franco

RBI, Artificial Intelligence, Machine Learning and MNCs – Dangerous proposal – Must be dropped

When RBI is refusing to disclose details of borrowers whose loans are written off except in the case..

Read more January 2, 2023 at 5:10 pm Thomas Franco

The Fiscal Challenges of the Realization of Workers’ Rights: Do They Exist?

For the past 36 years, banks' pensions have not been upgraded. No social security, like universal basic income, is considered. The vast majority of unorganised sector workers (94%) do not have access to provident...

Read more December 23, 2022 at 4:43 pm Thomas Franco

Reserve Bank of India – Clueless, Careless and Heartless

RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the system, protect depositors’ interests and provide cost-effective banking services to the public. Its roles are...

Read more December 12, 2022 at 11:30 am Thomas Franco

Recession – What India should do?

Contrary to the claims of the Finance Minister, India is in recession. Even the RBI agrees. Inequality is on the rise. From jobless growth, we are in 'job loss' growth. Study after study confirms...

Read more November 29, 2022 at 1:42 pm Thomas Franco

When India wears the G20 crown

G-20, (abbreviation for Group 20) is a fancy name. It has attracted the imagination of many around the globe and is often dubbed as the most important association of nations that matter in terms...

Read more November 24, 2022 at 11:55 am Thomas Franco

Why are Public Sector Banks performing better?

The quarter 2 results of the public sector banks are noteworthy compared to a few years ago. All these banks showed good profits in the financial year 2021-22. Twelve PSBs made a net profit...

Read more November 15, 2022 at 3:24 pm Thomas Franco
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