Banking in the Dilemma of Recovery
Presently the Indian Banking is passing through a deep crisis mainly on account of mounting Non-Performing Assets, which were unfolded after the Assets Quality Inspection by the RBI at the instance of the then...
25 Years of Independent Accountability Mechanisms
This year, the Inspection Panel, the accountability mechanism of the World Bank, is completing 25 years. The World Bankās failure to comply with its operating policies was seen by the entire world in the...
Smitu Kothari Fellowship for Young Writers
The Centre for Financial AccountabilityĀ (CFA), a New-Delhi based organisation working to strengthen and improve financial accountability within India, invites applications for the inaugural Smitu Kothari Fellowship. The Indian government, for past few decades, has...
Growing Financial Crisis in the Power Sector
In the past few years, a major shift has taken place in the power sector on several fronts including environment clearance, national forest policy, coal mining regulation, power purchase agreement (PPA), fuel supply agreement...
FRDI Bill Withdrawn: A Victory to the People
On August 7 2018, the government officially withdrew its proposed Financial Resolution and Deposit insurance Bill (2017). This Bill aimed to redefine the regulatory framework by introducing a Resolution Corporation (RC) that would have...
Bank Frauds and Risk Management in India
After the spate of bank frauds came into the light, the parliamentarians raised this issue in the ongoing session of the parliament. Answering the question in the Lok Sabha, on July 20, 2018, on...
Is Ownership Neutrality A Step Towards Privatisation?
The privatisation of public sector banks has been an issue of debate for a long time. Economic experts are again talking about privatisation of public sector banks (PSBs) due to current non-performing assets (NPAs)...
Finance Capital: The New “Demi-God”
‘God” is believed to have two strengths, viz., “he is omnipresent” and “he is the creator, reshaper and destroyer of everything around us”. “Finance Capital” is fast acquiring both these “strengths” Believers in “God”...
CAG has been Functioning without Audit Advisory Board
The Audit Advisory Board (AAB) has not been reconstituted under the chairmanship of newly appointed Comptroller and Auditor General (CAG) of India, Shri Rajiv Mehrishi, who took over the office on September 25th, 2017....
LIC Rakes in Money Because of over 25 Crore Policyholders
Last week, according to the media reports, the board of the Insurance Regulatory and Development Authority of India (IRDAI) approved public-owned Life Insurance Corporationās (LIC) proposal to increase its stake in the troubled public...
AIIBās Third AGM Prioritises PPPs and Funds for Infrastructure
AIIB Third Annual Governors Meeting Prioritises PPPs and Investments in Funds to Mobilize Private Capital for Infrastructure as the Way Forward The last week of June saw India host the third annual meeting of...
Who is benefitting from the Mumbai-Ahmedabad Bullet Train Project?
The information available in public domain is that JICA is financing the Mumbai-Ahmedabad Bullet Train Project by lending 88 thousand crore rupees at an interest rate of 0.1%. Payback period is 50 years with...
PSBs Back Coal, Whereas Private-owned Renewables
A new analysis of energy project lending in India shows that majority of government-owned banks and financial institutions continued to fund coal projects in 2017. The same analysis also reveals private financial companies are...
AIIBās $200m Investment in India would Revive Coal Projects
āAIIBās proposed $ 200 million deal with Indiaās $2.1 billion National Investment and Infrastructure Fund (NIIF) would threaten to revive a host of stalled projects in the country potentially including coal, power, petroleum, railways...
Banks Desperate to Bail Out Coal Power Sector Outside IBC
According to recent news published on the Business Standard, the leadingĀ banksĀ of India are designingĀ a scheme for bailing out stressed assets in the power sector, which, as per the latest reportĀ of Parliamentary Standing Committee on...
Page 15 of 20
