Random Reflections The government and banks, which write off crores of depositors’ money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across...
A sitting minister in Singapore, Eswaran, has recently been sent to jail to serve a one-year term on corruption charges involving acceptance of a golf set, tickets to attend an expensive show, etc. Can...
In response to the article published in Finance Matters last week, titled “MUDRA loan numbers – Biggest jumla by the Finance Minister” by Mr. Thomas Franco, Ministry of Finance & Corporate Affairs through their...
In a recent interview with the press in the industrial town of South India, Coimbatore, the Finance Minister clarified to Mr Sundarraman, a reporter from The Indian Express, that according to the bank’s data...
With climate change, human interventions, unscientific development and greed, disasters are frequently happening in the country. As Dr P. Sainath writes in the title of his famous book, “Everybody Loves a Good Drought,” everyone...
India is ranked 45th in the Pension Grade System of 47 countries. The USA ranked 22nd is a capitalist country but 100% of its population is covered under a pension system. In most countries...
During the year-long agitation in 2020-21, the farmers gave a call to boycott Ambani and Adani. Now they have given a call to Observe Corporate Quit India Day on 9th August 2024. They have...
The election result of June 4 gave a clear message to the ruling dispensation. They were reduced to a minority and had to entirely depend on a few allies to continue to be in...
The nationalisation of 14 banks on 19th July 1969 was the most desirable and important economic cum social reform in independent India. After 2 days of Nationalisation, Mrs. Indira Gandhi explained to the Parliament...
The plain truth is- ‘without depositor's funds, banks will cease to exist.’ Hence, the banks have a primary responsibility towards the depositors. They should not only keep the deposit safe but also provide a...
Can you see that the entire country is run by three business magnets? There are a few more. As told by the former Chief Executive of Niti Ayog, Amitabh Kant, they are creating 5...
The claim of the Prime Minister that the Banking Sector has become robust is not true if we analyse the facts and figures. On Jan 1 2015, Gyan Sangam 1 was organised in Pune...
Bankers have successfully achieved their dream of five-day work along with wage revision with the help of their unions, but there is more than meets the eye. Let’s get into the details and understand...
The largest bank in the country has earned the trust of the people. That’s why there are 48 crores accounts in the bank. But its recent request seeking more time to furnish the data...
I am not a big fan of international Rating Agencies, but the recent report of Goldman Sachs analysts shows that they too agree with our concerns on Indian Economy.