Interim Budget or Report Card? Claims and Reality
The Interim Budget 2024 created a lot of expectations as it is presented in the election year. But did it fulfil them, or did it fulfil any other promises made earlier?
Federalism Under Attack; Will The State Wither Away?
India is a federal union of states. Without the states there is no union.
Insolvency and Bankruptcy Code Requires a Serious Review
A recent settlement by the National Company Law Tribunal (NCLT) , Mumbai Branch on December 19, 2023 had approved a resolution plan in respect of Reliance Communications Infrastructure Ltd. (RCIL), a wholly-owned subsidiary of...
Where people’s money should be spent? People’s Manifesto by Vikalp Sangam
Our country has a debt of $21.23 trillion (Rs.155.77 lakh crore in March 2023) estimated to increase to Rs.172.50 lakh crore by March 2024. IMF has projected it to reach 100% of GDP by...
Election victory is a combination of many efforts – Loans are a major factor!
The five state election results are being analysed from various angles. Communal polarisation, EVM manipulation, welfare schemes are the ones being talked about much more.
Why electricity tariff is going up? Who is the beneficiary?
It is the duty of the Union Government which collects GST from every citizen to deliver electricity at affordable prices to the remotest parts of the country and reach out to the most disadvantaged...
Should SBI backtrack on its loan to Adani? It should!
In spite of the Hindenburg report and the SEBI enquiry under progress, the SBI-led consortium has agreed to give another Rs 34000 crore to the Adani Group as per the news reports.
How is writing off Rs.15, 31,453 crore ‘good banking,’ Modiji?
Addressing a Rozgar Mela last month and virtually handing over 70,000 appointment letters (remember the 2 crore jobs per year promise and the vacant 9, 60,000 posts in the union government itself) the prime...
Nationalisation of Banks was a historical achievement, and it has to be saved!
Though the government announced two years ago that it is going to privatise two public sector banks, it could not privatise even one so far because of the strong opposition from the United Federation...
Time to Wind up National Company Law Tribunals
The Financial Stability Report (FSR) released by the Reserve Bank of India (RBI) has certain very damaging revelations. It is surprising that RBI gave thumbs up to them and claimed that non-performing assets (NPAs)...
RBI FAQs – Hiding a pumpkin inside a bowl of Rice!
The RBI circular dated 8th June 2023, permitting public sector banks, private banks, small finance banks, co-operative banks and non-banking finance companies to have compromise settlements with willful defaulters
RBI Supports frauds and wilful defaulters – Why?
Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write offs by banks and Non -Banking Finance Companies, as per the new RBI circular.
Bank Officers and Employees Come in Support of the Protesting Wrestlers
All India Bank Officers Confederation (AIBOC) and All India Bank Employees Association (AIBEA), both apex bodies representing more than 6 lakh bankers, have addressed a communique to express their strong condemnation and outrage regarding...
What is the real intention of withdrawing Rs 2000 notes?
The RBI Governor Shaktikanta Das is the only Governor without an economics background; he studied history. He was the Secretary, Economic Affairs on November 8, 2016 when demonetisation was announced by the Prime Minister...
Banking Sector shows the way for Industrial Relations and improved productivity
The Indian banking sector has a unique industrial relations machinery that came into practice through struggle and sacrifices, and it is not only for the workmen but also for the officers.
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