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...
After more than 3 years of negotiations, strikes and agitations, wage revision for bank employees has been signed on 11.11.2020. For the award staff it is called Bipartite Settlement as they are covered under...
After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked speech in Goa said “I have asked the country for just 50 days....
A pandemic like crisis naturally demands meticulous care, absolute impartiality and sheer stainless character in action. However even in this hour of peril the ruling party stooped further low by refusing to rise above...
On 12th October, the Finance Minister told the media that she is announcing a package to boost demand. What is the Package? The package includes Rs.10000 Festival advance to central government employees, LTC cash...
Narendra Modi, Prime Minister made a public statement in 2014 that the public sector was born to die. He also stated that it should either be allowed to die or should be privatised. Now...
The economy world over has been affected which has never happened at this scale. World Bank report of June predicted that 71 million to 100 million people will move towards extreme poverty of less...
From the day banking started, bankers always had a plan for handing loans going bad. Banking says giving loans has a credit risk due to various reasons. Banks become a partner to the borrower...
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...
Framers from the heart of green revolution states are on the roads facing the wrath of police lathis in midst of a pandemic. Numbered in thousands these distressed farmers are vociferously resisting against the...
The Reserve Bank of India has released revised priority sector norms. A closer look shows how the government and RBI are tweaking the norms to favour the rich and fleece the poor. Already the...
The government is in a privatisation spree in spite of wide spread opposition. The RBI, Niti Ayog (Aniti Ayog) and Finance Ministry are used to give confusing signals. While a RBI Dy. Governor demands...
Ms. Nirmala Sitharaman’s statement that Covid-19 is an act of God to deprive states and union territories of their legally due GST has led to lot of discussions. While the central government in a...
Remember the Atma Nirbhar – TV Show of Mrs. Nirmala Sitaraman and Mr. Anurag Thakur? After that, both have disappeared for long. May be rehearsing for the next show. Mr. S.Gurumurthy has announced that...
Covid-19 brought a 21 day country wide lockdown from the midnight of March 24th 2020 and this caught the entire country completely unaware and unprepared. Chaos and panic buying kept a few occupied while...