Is Forbearance the Original Sin?
Chapter 7 of Economic Survey dealing with the banking crisis strongly emphasizes that the continuation of the policy of forbearance followed in the wake of Global Financial Crisis (GFC) even after 2011 was the...
Random Reflections- Is India’s Banking Sector Moving Towards a Melt Down and Financial Collapse?
Bank’s performance is always the reflection of the country’s economy. Though results are not out for the financial year 2019-20, analysis shows that many banks will be showing a huge loss. The last quarter...
The Budget Presents Government’s Myopic Vision on the Banking Sector
The first budget of the newly re-elected government was placed on July 5, 2019, by the Finance Minister Nirmala Sitharaman. The budget failed to address the real problems of the economy like unemployment, agrarian...
Q&As on Finance in the 2019 Budget Session of the Parliament
The budget session of the parliament witnessed the members asking government questions related to finance. Some of these questions were related to the NPAs, rationalisation of the overseas branches of the banks, charges levied...
Q&As on Finance in the 2018 Winter Session of the Parliament
The second half of the winter session of the parliament continued to witness the members asking government questions related to finance. Some of these questions were related to the NPAs in various sectors of...
Q&A on Finance in the Winter Session of Parliament 2018
The first ten days of the winter session of 2018, the parliament witnessed members asking wide-ranging questions related to the finance. These questions can broadly be divided into the following categories: Demonetisation Issues related...
Press Release: A Resolute NO to Merger! Unions and Opposition Unite to Fight Merger of Public Sector Banks!
For Immediate Release A Resolute NO to Merger! Unions and Opposition Unite to Fight Merger of Public Sector Banks! New Delhi, November 2, 2018: “Under the present government, the Lion in the Make in India...
Banks on the Brink
The unprecedented crisis in the Indian banking sector, which has brought banks’ lending operations to a virtual standstill, means that they can do little to help the economy, which is buffeted on multiple fronts....
Power Sector NPAs: New Report Slams Parliamentary Panel on Energy
The 37th Report of the Parliamentary Standing Committee on Energy failed to fix accountability for the NPA crisis in the power sector, while absolving disastrous moves like delicensing. A new report by Delhi-based Centre for Financial...
Parliamentary Panel Failed to Address NPAs in Power Sector? A Delhi Think Tank Believes so
In a critique of the March 2018 report of the Parliamentary standing committee on energy, CFA has stated that the recommendations suggested by the Committee to address the problem of stressed assets in power...
A Critique of Report on ‘Stressed/Non-Performing Assets in Electricity Sector’
A new report has criticised the Parliamentary Standing Committee on Energy for failing to fix responsibility on who should have been held accountable for the current NPA crisis in the power sector. The report,...
Parliamentary Standing Committee on Energy Missed a Great Opportunity to Address the NPA Crisis
September 6, 2018: A new report has criticised the Parliamentary Standing Committee on Energy for failing to fix responsibility on who should have been held accountable for the current NPA crisis in the power...
Haircut for the Lenders Under Insolvency and Bankruptcy Code!
When the Bill for ‘Insolvency and Bankruptcy Code, 2016’ was passed in parliament in May 2016, it was hailed as the biggest economic reform, only next to GST, by the current government. The Insolvency...
Statement on the Withdrawal of FRDI Bill
Public Statement | August 16, 2018 A Battle Won, The War Looms at Large: Statement on the Withdrawal of Financial Resolution and Deposit Insurance Bill A Joint Statement On 7th August 2018, a year...
FRDI Bill Withdrawn: A Victory to the People
On August 7 2018, the government officially withdrew its proposed Financial Resolution and Deposit insurance Bill (2017). This Bill aimed to redefine the regulatory framework by introducing a Resolution Corporation (RC) that would have...
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