Hailed as a âbig-bang moveâ by bankers, the governmentâs plan to recapitalise public sector banks with Rs 2.1 lakh crores is deemed to hold magical powers that will help turn around their financial situations....
Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 is supposedly the new weapon in the governmentâs arsenal to âsolveâ the bad loan crisis. This Billâs stated objective is to form a Resolution Corporation that...
The Financial Resolution and Deposit Insurance Bill (FRDI) was introduced by the Union Minister of State for Finance Arjun Ram Meghwal in the Parliament (Lok Sabha) on August 10, 2017, on the penultimate day...
Maju Varghese The Parliament met from July 17 to August 11, 2017. The election of the president and vice-president of India took place during this session. The new vice-president, M Venkaiah Naidu, presided over...
August 23, 2017, New Delhi: âThe corruption in the power sector is in the tune of over one lakh crore,â said senior journalist and author Paranjoy Guha Thakurta. The former editor of EPW and...
New Report, looking into the share of particular sectors  -in particular, power, steel infrastructure
It is an acknowledged fact that the Indian banking system is facing an unprecedented crisis. The problem of bad loans and the need for a capital infusion, drastic changes in financial policies, new legislation...
August 10, 2017, New Delhi: âThe government, which is arguing against the right to privacy in Aadhaar, is fighting for the privacy of large corporate defaulters,â said eminent lawyer Prashant Bhushan, who has raised...
New Banking Legislations: Boon or Bane? Conversation with Dr Thomas Franco, General Secretary, All India Bank Officers Confederation, on the perils of the recent banking legislations, including Insolvency and Bankruptcy Code (IBC) 2016, Banking...
The union cabinet, chaired by Prime Minister Narendra Modi, has recently approved the proposal to introduce the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 in the upcoming monsoon session of the Parliament. The...
Dr Thomas Franco, the vice president of All India Bank Officers Confederation, says Urjit Patel (RBI Governor) is morally responsible for causing crisis and deaths in the country. Franco said the government should have...
Prof. Prabhat Patnaik speaks on demonetisation and the problem
Donât account holders have the right to know where their money is being invested? I was disturbed by news that my bank, the State Bank of India, has invested in a company that makes...
