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Random Reflections

What is the real intention of withdrawing Rs 2000 notes?

The RBI Governor Shaktikanta Das is the only Governor without an economics background; he studied history. He was the Secretary, Economic Affairs on November 8, 2016 when demonetisation was announced by the Prime Minister...

Read more May 29, 2023 at 2:57 pm Thomas Franco

Banking Sector shows the way for Industrial Relations and improved productivity

The Indian banking sector has a unique industrial relations machinery that came into practice through struggle and sacrifices, and it is not only for the workmen but also for the officers.

Read more May 18, 2023 at 2:12 pm Thomas Franco

Using Artificial Intelligence in Banking may become disastrous

Geoffrey Hinton, aged 75, known as the father of Artificial Intelligence (AI) has recently resigned as Vice President, at Google to speak about the potential risks of AI.

Read more May 10, 2023 at 2:48 pm Thomas Franco

Withdrawal of Amendment to Factories Act – Lesson for the Union Govt

The Tamil Nadu Government passed an amendment to the Factories Act

Read more May 4, 2023 at 11:55 am Thomas Franco

Customer Service in Public Sector Banks – Is the Finance Minister Irresponsible?

A recent news report by ANI and PTI reported that a senior citizen, Surya Harijan walks many kilometres barefoot with the support of a broken chair to reach a bank to collect her pension...

Read more April 24, 2023 at 5:59 pm Thomas Franco

Mudra Loans and the Dangers of Micro Finance

The Finance Minister has claimed that in the past eight years the government has disbursed 41 crore Mudra Loans worth Rs.23 crores. This is not at all the government’s money.

Read more April 18, 2023 at 11:24 am Thomas Franco

Is the Finance Ministry Misleading the Parliament to Save Adani?

Almost every day, new information is surfacing. Favours given in allocation of ports to Adani, airports bestowed on him, coal auctions going to him, oil import contracts coming his way, and the list goes...

Read more April 7, 2023 at 2:52 pm Thomas Franco

Tax the Rich Campaign Gains Momentum

The ever widening inequality in our country can be reversed only by taxing the rich. Even during the two years of the Covid-19 pandemic the income that Mukesh Ambani earned is equivalent to what a NREGA Worker will...

Read more March 27, 2023 at 10:43 am Thomas Franco

Will India Learn a Lesson from the US Private Banks Collapse?

Silicon Valley Bank which was one of the biggest banks in the US collapsed, followed by Signature Bank. Now Moody’s Investor Service has placed First Republic Bank, Western Alliance Bank Corp, Intrust Financial Corp,...

Read more March 16, 2023 at 11:10 am Thomas Franco

Finally a Five-Day Week in Banks!

Banks abroad work only five days a week. International financial system works only five days a week.  Reserve Bank of India works only for five days a week. The Central Government Offices and most...

Read more March 7, 2023 at 12:54 pm Thomas Franco

100 Days agitation by 100 workers per day demanding 100 days’ work without hitches

15 crore workers who have registered under the Mahatma Gandhi National Rural Employment Scheme have been under difficulties ever since the BJP Govt came to power in 2014.

Read more February 28, 2023 at 7:02 pm Thomas Franco

Empowering women economically leads to overall development

Economic empowerment is essential for women to participate in different actions and struggles. There are many examples in India where women have mobilised themselves to economically improve their life and also participate in collective...

Read more February 20, 2023 at 4:28 pm Thomas Franco

Interest Rates in Banks – Where the rich pay less than the rest!

The Reserve Bank of India has been announcing repo-rate hikes for some time. While most of the commoners don’t understand what that means but know that it is spiking their EMI. They are told...

Read more February 15, 2023 at 12:26 pm Thomas Franco

Budget: A cruel joke on the majority and benefits for the rich

The Godi media which had been asking for opinions from people on what is needed from the budget has forgotten the wishes of people and showering encomium on the Finance Minister who has made...

Read more February 4, 2023 at 10:41 am Thomas Franco

Who is going to fall? Gautam or Narendra?

Mr Gautam Adani who become the second-richest man due to the support of Mr Narendra Damodardas Modi (See Random Reflections – Why boycott Adani) is in deep trouble. Almost every bank in the country...

Read more January 31, 2023 at 5:14 pm Thomas Franco
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Centre for Financial Accountability

Address: Address - R–21, Basement, South Extension-2, Delhi – 110049

Phone: +91-11-49123696
E-mail: info@cenfa.org
Website: http://www.cenfa.org/

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    Centre for Financial Accountability (CFA) aims to bring in accountability in financial institutions who lend money to development projects, through research and campaigns.

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