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 &...
The Finance Minister has reprimanded the Chairman of State Bank of India in an outreach meeting at Guwahati in which the Finance Minister of Assam Himanta Biswa Sarma, officials from banks and state government...
Banking is a risky business and there will always be bad loans. Private banks lack a proper governing structure and ethics, and try to avoid RBI scrutiny, say experts The failure of Yes Bank...
An interesting development that has happened in past few weeks is the proposed International Financial Services Centres Authority Bill, 2019 to be passed by the Indian Parliament. This bill looks to bring in the...
Under the Paris Climate change accord, India has committed 40 per cent of its total energy production from non-fossil fuel sources by 2040 The Centre has also decided to set up mega solar parks...
Ms. Nirmala Sitharaman while unveiling EASE 30 Public Sector Bank Reform plan stated, “Your good will is lost, personal connection is lost, assessment at the bottom level is lost… forgetting branch level connect with...
New method Kissan Credit Card scheme to 9 crore PM-Kisan beneficiaries in 2 weeks. The Prime Minister had promised that they would not interfere with Banks. He had accused the previous government of doing...
It’s a known fact that decisions of every Ministry is taken by the Prime Minister’s Office (PMO), which has officers responsible for each Ministry. For a population of 130 billion, one PMO, which earlier...
