Bank’s performance is always the reflection of the country’s economy. Though results are not out for the financial year 2019-20, analysis shows that many banks will be showing a huge loss. The last quarter...
The financial package, amounting to Rs 20 lakh Crore and claimed to be 10% of the GDP was announced by the Prime Minister with much fanfare. Yet when details were announced by the Finance...
As part Part III the Finance Minister announced Rs.1 lakh Cr Agri Infrastructure Fund for farm gate infrastructure for farmers. Rs.10000 Cr scheme for formalization of Micro Food Enterprises. Rs.20000 Cr for fishermen through...
Finance Minister gave a press statement and a document of 27 pages has been released. Everybody is hoping now for the other parts. When the economy is in crisis everyone hoped for relief package...
The Banking Sector was already in crisis. Crisis was created through the policies. Large credit was encouraged leading to the NPA Crisis. Development institutions like IDBI, ICICI and even UTI were converted into banks....
When COVID-19 cases are increasing, people are waiting for relief package every day, states are begging the Centre for release of GST share, permit more loans, allow RBI to lend to states at repo...
COVID-19 has affected the entire economy. Hence the revival needs government intervention. After all the taxes collected from people are to provide services to the people. Reviving the economy will bring more taxes. In...
RBI in its first announcement dated 27th March 2020, consequent upon corona pandemic 2019 had come out with various initiatives such as reduction in CRR, Repo Rate etc. thus to improve upon liquidity position...
After nationalisation of 14 banks in 1969 and 6 banks in 1980, formation of National Bank for Agriculture and Rural Development on July 12, 1982 was a milestone or master stroke by Mrs. Indira...
The government of India has reduced deposit interest rates drastically in addition to the banks which have been reducing the rates in tune with reduction of repo rates by the RBI. (Repo rate is...
Everyone accepts that the Covid-19 problem is not going to be over by April 14. When we were all anticipating an economy package, the PM asked us to hold candles and lights. To revive the economy,...
The primary objective of nationalization of banks was to reach out to each and every last person of our society. The purpose was to provide credit facilities to poor and marginalized sections and free...
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...
In a statement issued on Tuesday (March 24) the Coalition for Environmental Justice in India (CEJI) said that the COVID-19 outbreak demands an immediate and comprehensive response if we are to limit and arrest...
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 &...