KYC ā Kill Your Customer?
Last year, a retired scientist received a call purportedly from SBI informing him that his account is blocked for non-compliance of KYC. They sent him a password to be shared with the caller. He...
Developing Rural Economy through Unionisation- A Classic Model
Mahatma Gandhi National Rural Employment Guarantee Act 2005 was started in 2005 by the United Progressive Alliance- a coalition Govt led by the Congress Party in which the Left played an important role.
How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe
A report presented by Poonam Gupta and Arvind Panagaraiya at the India Policy Forum 2022 on 12th July, is clearly a prescription for destroying the Indian Economy which is already on the verge of...
Is SBI getting Privatised?
Arvind Panagariya and Poonam Gupta have come up with a demand that all public sector banks except the State Bank of India should be privatised.
LIC should run the IDBI bank and not some fortune seekers
In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers.
Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?
āBanking is a very good business if you don't do anything dumb,ā goes an anonymous quote.
Why Talk of Privatisation When Public Sector Banks are Doing Excellent?
The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. The net profit increased by 109% to Rs.66,541 crore in 2022 and the operating...
From 16 Cr Jobs Promised in 8 Years, Only 10 L to Materialize in 18 months!
Mr Narendra Modi promised 2 crore jobs per year in 2014 itself. Now after 8 years, unemployment has increased in great proportions due to demonetisation, GST, lockdowns, contractualisation of labour and not filling up...
Each train in India is an Economic Unit ā The Govt is attempting to collapse it.
I was travelling from Chennai to Bhopal by Tamil Nadu Express, which is supposed to be a Superfast Express to attend the āAll India People's Science Congress.ā
Black Money, Fake Notes and Inflation – What are the Government and RBI doing?
On November 8th, 2016, Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes would be abolished. These notes have to be surrendered to the bank branches. He said black money...
How do the Indian State and the Banks make Oligarchs the Global Champions?
Some time ago, Mr Amitabh Kant, CEO of Niti Aayog stated they canāt take care of 140 billion people but will create a few global champions.
Can an RBI Board of Director get away calling Public Sector Bank Executives Scums?
S. Gurumurthy, a government nominee on the Board of RBI, made this comment in a recent speech, āEfficient officials in Public Sector Banks are leaving because of low salary and lack of freedom, and...
PIL against LIC IPO; the beginning of a significant battle for peopleās welfare
On 12th May 2022, the bench headed by Honourable Justice D.Y. Chandrachud, Honourable Justice Suryakant, and Honourable Justice P.S. Narasimha admitted WP ( C ) No.366/2022 filed by advocate S. Prasanna and argued by...
LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!
The Life Insurance Corporation of Indiaās (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged.
Why are you killing excellent institutions, Nirmala ji?
Every single institution built up during the last 75 years is either being weakened, strangulated or killed at a slow pace.
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