Central flaw in the budget: Irrational reliance on the trickle-down theory
The Prime Minister perfectly summed up his governmentās approach to the budget and the underlying economic thinking while briefing his party workers a day after the budget.
Why low tax for the rich means high tax & lower Govt support for the poor
The Indian tax system has been regressive for long with direct tax contributing less than indirect tax ā contrary to what happens in developed economies. It is also known that tax incentives benefit corporates...
A Peopleless Budget: Budget 2022 Analysis
The government has over the years made its priorities clear as to whose interest it serves. It is evident from the fact that the government continues with its gross underspending on key social sectors...
Govt continues its reckless selling of PSUs amidst rising inequality & unemployment
In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, an NBFC with a dubious record, owned by a furniture company, with less...
Who stands to gain if LIC bleeds?
In her last budget speech in 2021, the Finance Minister declared the government's disinvestment plans for the Life Insurance Corporation of India (LIC). Already, amendments to the LIC Act have been made to set...
RBI and its crucial policy impact on Govt Investments
When the economy slows down, the norms and policies of the government and the central bank must be more flexible in order to facilitate easy recovery. Due to RBI's stringent policies on the Investment...
The merger of PSBs- A Failed Experiment!
On 1st October 2017, five associate banks of SBI were merged in the State Bank of India. Dena Bank and Vijay Bank were merged in Bank of Baroda on 1st April 2019, while in...
A Dint on the PSBās NPA Management
The global economy is in a downward trend, fueled by the 3rd wave of the pandemic. In India, the role of Public Sector Banks (PSB) who constitutes more than 65% of the banking system,...
Faced with grotesque inequality, what can we learn from Chile?
āChile was the birthplace of neoliberalism, and it shall also be its grave!ā said Gabriel Boric, a young student leader from the radical fold who was forged in the protests that has rocked Chile...
The Numbers Behind the ‘Record Recovery’
The claim that there has been a record recovery may seem correct on paper. Comparing the figures for growth in quarter ending in June 2021 - 22 with June 2020-21 there is a 20.1%...
Cost of Bank Mergers: The Need for a CAG Audit
Public Sector Banks (PSBs) have played a significant part in the countryās economic growth. The principles of nationalization also contributed to the social banking character of the PSBs. This scenario has been changing since...
Case of Air India- Wilfully destroyed & now privatised!
Post-Independence, there was reluctance to nationalise the various private airlines that were running very inefficiently. In 1950, an Air Transport Inquiry Committee (headed by Justice G.S. Rajyadhaksha) was appointed which went into a detailed...
The Futility of Per Capita Comparisons in Unequal Societies
A few months ago, a news made headlines, doing rounds in the social media about how it was a matter of much shame that India had fallen behind Bangladesh on the metric of Per...
With National Monetization (Privatization) Pipeline Govt would be virtually extending the lease in perpetuity: Thomas Isaac
āThe government is claiming they are giving only temporary rights for certain duration (through the National Monetisation Pipeline). The key question is how the government will repay this investment that the private companies have...
What lies at the end of this pipeline?
Disinvestment entails the government selling an asset, in part or full. By the term āmonetizationā the government is claiming to retain ownership while offering the asset to private players for investment and operationalization. The...
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