BANK CHARGES EXHAUSTING COVID-19 RELIEF FUND

On 24th March, 2020, the Prime Minister of India has declared the nationwide lockdown due to global widespread of Covid 19. As a result, the entire businesses, works, and economy have shut down leading to...

Read more June 15, 2020 at 12:14 am Shivani Dwivedi

Random Reflections- Bank Loans; Many a slip between the Cup and the Lip: AIMO Survey Results

All India Manufacturers’ Organisation founded by Bharat Ratna, Sir M. Visvesvaraya in 1941 represents the MSMEs in the country. With the initiative of Shri K.E Raghunathan, immediate past president of the organisation AIMO has...

Read more June 12, 2020 at 11:30 am Thomas Franco

‘सरकार’ को चाहिए महंगी बिजली !

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ऊर्जा संवाद का विशेष अकं: सरकार द्धारा प्रस्तावित विद्युत अधिनियम 2020 बिजली क्षेत्र के निजीकरण पर जोर देता

टैरिफ की दर बढ़ेगी, जिसे फिर जबरन उपभोगताओं से वसूला जायेगा यह विधेयक में एक असफल सार्वजनिक-निजी साझेदारी (पी.पी.पी.) मॉडल का प्रस्ताव विवादस्पद विद्युत(संशोधन) विधेयक, 2020 की निंदा करते हुए संयुक्त बयान कड़े संघर्ष...

Concept Note titled Public Money: Resistance Against Arbitrary Bank Charges

Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving accounts) which banks use for lending to...

SBI WAIVER ON MINIMUM BALANCE PENALTY IS WELCOME: ALL BANK CHARGES

Financial Accountability Network India (FAN India) welcomes the announcement of State Bank of India (SBI) to waive the penalty for not maintaining Average Minimum Balance and for SMS service.In 2017, SBI imposed penalty on...

Read more June 10, 2020 at 12:07 am Shivani Dwivedi

Submission to the Ministry of Power regarding the financial viability related issues for the proposed Etalin Hydro Electric Project (EHEP)

The Jindal Power owned Etalin Hydro Project, in Dibang Valley of Arunachal Pradesh which has been saddled with social and environmental impacts, was in news recently. A financial analysis carried out by Ashwini Chitnis & Shripad...

THE WORST AFFECT OF BANK CHARGES ON WORKING CLASS

The massive bank charges introduced in past few years have greatly affected the financial state of marginalised working class. This was better understood when the team of FanIndia has talked to some people of...

Read more June 8, 2020 at 11:54 pm Shivani Dwivedi

Proposed electricity Bill to blatantly promote industry profit, ‘ignores’ consumers

Counterview Desk As many as 90 civil society groups and member have strongly objected to comments and objections on the draft Electricity (Amendment) Bill, 2020, stating it “such comprehensive reform of a major law...

Comments and Objections of Civil Society Groups & Members on the Draft Electricity (Amendment) Bill 2020

To Shri R K Singh Minister of State – IC (Power and New & Renewable Energy) Shram Shakti Bhawan, Government of India New Delhi-110001 ...

How Banks Are Stealing Our Money

The Indian banking sector is under a prolonged and severe crisis. Bad loans continue to grow and banks remain under-capitalized with profits in the red. As a result, credit growth remains muted, reinforcing the...

कैसे बैंक हमसे हमारी बचत के पैसे लूट रहे हैं?

भारतीय बैंकिंग क्षेत्र एक लंबे और गंभीर संकट के दौर से गुजर रहा है। बुरे ऋण बढ़ रहे हैं और बैंक घटते मुनाफे के साथ कम-पूंजीकृत हो रहे हैं। नतीजतन, साख वृद्धि थम सी...

Read more June 5, 2020 at 12:37 am Amit Kumar

Random Reflections- How Banks in India have contributed to Inequality?

As per Oxfam Inequality Report 2019, India’s bottom 60% have 4.8% of the wealth whereas the top 10% own 77.4% of the wealth. The bottom 60% have only 5.1% of wealth whereas the top...

Unnecessary during crisis, Madhya Pradesh Govt’s Power Deal with Adani

Click here to read the full article published in Gawdwana Samay.

अडानी पर मेहरबान शिवराज सरकार, 4 गुनी महंगी बिजली खरीदने का एमओयू कर मप्र को एक लाख करोड़ का नुक्सान पहुँचाने की तैयारी

मध्य प्रदेश सरकार ने अडानी पावर के साथ में 320 मेगावाट बिजली के पर्चेस एग्रीमेंट पर हस्ताक्षर किया है। सरकार ने इससे पहले ही 20331 मेगावाट बिजली खरीदने के पी.पी.ए. पर विभिन्न कंपनियों के...