The Economy was already in shambles and Corona has brought great relief. Everyone can blame Corona and everyone can get relief. From what is happening around the world and the few measures announced by...
Mukesh Ambani and Anil Ambani divided their companies under the Reliance empire in 2005. Brothers continue to use the same Reliance brand. Reliance is known for malpractices as explained in books like Ambani &...
The Finance Minister has reprimanded the Chairman of State Bank of India in an outreach meeting at Guwahati in which the Finance Minister of Assam Himanta Biswa Sarma, officials from banks and state government...
The Major functions of Reserve Bank of India are, Issue of currency notes Financial supervision of banks and NBFCs as regulator Regulator of payment and settlement systems Banker and debt manager to Govt Manage...
Ms. Nirmala Sitharaman while unveiling EASE 30 Public Sector Bank Reform plan stated, “Your good will is lost, personal connection is lost, assessment at the bottom level is lost… forgetting branch level connect with...
New method Kissan Credit Card scheme to 9 crore PM-Kisan beneficiaries in 2 weeks. The Prime Minister had promised that they would not interfere with Banks. He had accused the previous government of doing...
It’s a known fact that decisions of every Ministry is taken by the Prime Minister’s Office (PMO), which has officers responsible for each Ministry. For a population of 130 billion, one PMO, which earlier...
The present government is on a selling spree. Cartoonists have crafted some promising cartoons showing the Finance Minister of the country selling BSNL, Air India, BHEL etc. like a vegetable vendor. The government appears...
Economic Survey of the government earlier used to provide a lot of analytic data. The report constituted of what has been achieved and what has to be the direction for economic and social development...
The SBI chairman has made a statement in Davos, Switzerland on the sidelines of the World Economic Forum that Yes Bank will not be allowed to go down. The same chairman sometimes back stated...
Union Budget is no more an anxiety as many decisions like petroleum product prices, railway fare, tax waiver to corporation, GST are now out of the budget. However some sectors require attention. Most important...
The Reserve Bank of India introduced “Know Your Customer” norms under the provisions of “Prevention of Money Laundering Act 2002 and Prevention of Money Laundering (Maintenance of Records) Rules 2005. As per these...
Banking in India is in crisis for some time since 2014, and there seems to be no light at the end of the tunnel. One crucial problem in the banking industry is the problems...
The Finance Department has informed the Banks that there will not be any interest subsidy for Gold Loans given to Farmers (Refer Circular of SBI No.1370 / 2019-20 dated 24.12.2019). In 2006-07 Budget speech,...
In the name of making banks into supermarkets, providing all financial services, cross-selling was permitted by RBI and the government in the banking industry. Life insurance policies, general insurance policies, mutual funds etc are...