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...
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...
Cost of Bank Mergers: The Need for a CAG Audit
Public Sector Banks (PSBs) have played a significant part in the country’s economic growth. The principles of nationalization also contributed to the social banking character of the PSBs. This scenario has been changing since...
Bank Nationalization Day: In Defense of Public Sector Banks
19th of July is marked as the bank nationalisation day, recognising the historical decision of the Indira Gandhi government to take control of private banks. It is not an exaggeration to say that the...
LIC IPO – Killing The Golden Goose
Life insurance forms a vibrant part of the financial sector and plays a vital role in the national economy. It mobilizes small savings of the people, converts it into Capital, and makes this Capital...
Budget ‘Like Never Before’ – 2021 Budget Analysis
The 2021 budget was lauded as the one ‘like never before’. There was a lot of hype created around it, hailing it as the ‘a budget to boost economic recovery’, one to ‘drive economic...
Internal Working Group of RBI recommends ownership of banks by industrial houses. Undoing Nationalization?
In November 2020, an Internal Working Group (IWG) of the RBI came out with a recommendation for allowing large corporate and industrial houses to promote banks and permitting promoters to raise their stakes in...
सीमाओं से परे निवेश — भारतीय एक्सिम बैंक पर एक प्राथमिक रिपोर्ट
पिछले सैंतीस वर्षों से इंडियन एक्सिम बैंक सामान और सेवाओं के भारतीय आयातकों और निर्यातकों को वित्तीय सहायता दे रहा है| एक्सिम बैंक का एक मुख्य उद्येश्य है कि वह निर्यात का समर्थन...
India in Historic Recession, Cash at All-Time High After 4 Years of Demonetisation
Snippets from the Indian Banking and Finance Arena – November 2020 RBI announces: India in historic technical recession. Is COVID pandemic the only reason? RBI’s deputy governor in charge of monetary policy, along with...
Bank Charges Should be Scrapped & Not Just Paused Out of ‘Benevolence’
The Ministry of Finance announced yesterday that, no public sector bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash to Bank of...
Farm Acts and Misplaced Priorities of Priority Sector Lending
Prime Minister Modi continues to defend the farm Acts passed in the houses by blaming the opposition of spreading lies. He also added that the Acts will enable famers to sell their produce anywhere in...
SAVE PUBLIC SECTOR CHARACTER OF IDBI
TO PROTECT HARD EARNED SAVINGS OF THE COMMON MAN ORIGIN OF DEVELOPMENT BANKING Historically, the idea of establishing special institution for the provision of finance for industry was put forth in strong terms, as...
Snippets from the world of Indian economy and banking
State-owned banks need Rs 2 trillion in capital over next two years: Moody’s Public sector banks (PSBs), which have already had weak capital buffers, will need at least $25 billion in funding from external...
Random Reflections; Privatization of Public Sector – Withering of the State?
We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, “Tryst with destiny”, underlined that the service of...
Fiscal Deficit and Divestment Chorus
The growing fiscal deficit is yet another reason market pundits are pushing for government divestment from Public Sector Units (PSUs). That would be akin to the story of the goose and the golden egg....
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