It’s time to tax the wealthy and bridge inequalities
By all accounts, India is considered one of the most unequal countries in the world, and inequality has been on the rise in recent years.
Why are Indian millionaires moving abroad?
6,500 high-net-worth individuals are going to leave India this year, as per the latest Henley Private Wealth Migration Report. Last year, 7500 millionaires left India.
RBI’s ‘freebies’ for wilful defaulters makes a mockery of the banking system
Anirban Bhattacharya & Pranay Raj A Reserve Bank of India statement on June 8 has set off a raging debate. The bank has allowed for write-offs and compromise settlements for even frauds and wilful...
EU – India FTA and Financial Liberalization
Even though India and the European Union (EU) are celebrating 60 years of bilateralism, it was only in 2007 during Prime Minister Manmohan Singh’s first tenure that a strategic partnership between the two parties...
अबकी बार राज्यों पर वार | हमारा पैसा हमारा हिसाब
केंद्र सरकार ने केरल की उधार लेने की क्षमता पर अनुचित प्रतिबंध लगाकर एक ही झटके में उससे लगभग 15000 करोड़ छीन लिए है। इस कारण निकट भविष्य में केरल गंभीर वित्तीय संकट में...
RBI FAQs – Hiding a pumpkin inside a bowl of Rice!
The RBI circular dated 8th June 2023, permitting public sector banks, private banks, small finance banks, co-operative banks and non-banking finance companies to have compromise settlements with willful defaulters
Another Data leak!
Another data breach, this time from the CoWin portal, is serving as a reminder of India’s weak data protection system and the need to immediately work on it. Last week, The Fourth, a news...
How the Centre is suffocating Kerala and how Rajasthan is surviving and shining
By imposing unfair restrictions on the borrowing capacity of Kerala, the Union government has denied about 15000 crore in a single stroke. The State may get into serious financial trouble in the near future,...
A decent public health system is incompatible with inequality
What Thomas Piketty shows us in A Brief History of Equality, with solid data over time, is that at the beginning of the 20th Century, direct taxes amounted to about 10% of the economy...
CEA is in a State of Denial
India’s Chief Economic Advisor (CEA) Anantha Nageswaran’s assertion last a few days back as reported by newspapers, that the concept of Universal Basic Income (UBI) was not necessary for India and ‘it may create...
UN INC-2 ends in frustration as divided nations “lose ground” amid accusations of industry “stonewalling”
The UN’s second round of International Negotiating Committee (INC-2) meetings for a global plastics pollution treaty ended in frustration last week after half of the five-day event was spent re-debating procedural rules, such as...
RBI Supports frauds and wilful defaulters – Why?
Wilful defaulters and companies involved in fraud can go for a compromise settlement or technical write offs by banks and Non -Banking Finance Companies, as per the new RBI circular.
Balasore Train Accident—Safety Before Speed
Do we need luxury trains or safe and reliable trains? Do we need Vande Bharats that cost over Rs 1000 even for a small journey or trains that the poor take to work, to...
Bank Unions AIBOC, AIBEA Oppose RBI’s Decision to Allow Compromise Settlement for Wilful Defaulters
All India Bank Officers’ Confederation and All India Bank Employees Association, criticised the recent move by the Reserve Bank of India (RBI) to allow Banks/lenders to settle loans of wilful defaulters under compromise settlement.
Inequality amplifies malnutrition crisis in India
That child malnutrition levels in India are high and slow to improve, even when compared with neighbouring countries such as Bangladesh, does not need belabouring.
Page 48 of 142
