अधोसंरचना विकास के नाम पर कर्ज का दर्द
वर्ष 2005 में नगर निगम जबलपुर ने शहर में सीवर लाइन व नाला निर्माण वाटर ड्रेनेज योजना के नाम पर एशियन डेवलपमेंट बैंक से 196 करोड़ का कर्ज लिया था।न तो सीवर लाइन का...
The Banking Sector Reveals the Middle Classes Aren’t Really Getting a ‘Bonanza’
There is a euphoria around the “tax bonanza” offered to the middle classes in this year’s Budget. The proposal of no tax for those with annual income up to Rs 12 lakh has been...
Indian Banks and Environmental Accountability: A New Year of Complicity and Deception?
Indian banks walked nonchalantly into the new year, their indifference as thick as the smoke from industrial projects they finance. Pollution levels soared, environmental concerns, and sometimes protests, were witnessed over big infra projects...
Coal vs RE InvestmentReport 2024
The recently concluded COP29 left many people disappointed due to a lack of progress on critical issues. The Western world offered insufficient climate finance, while major polluters sought to undermine the fossil fuel phaseout...
Few Questions to the Finance Minister
Few of the Trade Union representatives from the Banking Industry met the Leader of the Opposition with certain demands on the Banking Sector. This came out on Social Media, and the Finance Minister, in...
The Magic of Falling NPAs! | Finance Matters | 13 December 2024 | Editorial
A recent investigation by The Indian Express revealed that over 43% of the total non-performing assets (NPA) till March 2019, or Rs. 4.02 lakh crore, was accounted for by just 100 companies. According to...
EMIs on loans for destroyed homes in Wayanad? Landslide of inequality: The cost of banking priorities
The Mepadi landslide in Wayanad, Kerala, July 30, 2024, is one of the largest in the country, in terms of debris flow of nearly six million cubic meters—enough to fill 2,400 Olympic-sized swimming pools....
A Government without Accountability? Is it a death of Democracy already?
“Democracy is by the people, for the people, and of the people.”-Abraham Lincoln, 16th President of the USA (1861-65) We claim to be the largest democracy. Are we? Two latest developments raise this question....
Wrong Diagnosis & Misplaced Priorities
A Critique of the Boston Consulting Group's Report on Banking in India
Loan Waiver to People Affected by Disaster – Wayanad and Beyond: Is it a Just Demand?
Random Reflections The government and banks, which write off crores of depositors’ money to benefit the wealthiest, make a hue and cry when farmers or disaster-affected people demand loan waivers. Disasters occur frequently across...
Statement to the multilateral development banks: Criteria for public investments in 100% renewable energy for climate, for people, for the planet.
In response to the urgent need for global climate action, the COP28 climate negotiations set a target to triple global renewable energy capacity by 2030, demanding a significant transfer of public finance towards the...
MUDRA loan numbers – Biggest jumla by the Finance Minister
In a recent interview with the press in the industrial town of South India, Coimbatore, the Finance Minister clarified to Mr Sundarraman, a reporter from The Indian Express, that according to the bank’s data...
To undo the deadly noose of loan apps, RBI’s occasional warnings won’t do
A new ecosystem based on loan apps has mushroomed across India’s financial landscape over a decade, preying on those abandoned by the formal banking sector. The Reserve Bank of India (RBI) recently imposed a...
Banks and Disaster Relief
With climate change, human interventions, unscientific development and greed, disasters are frequently happening in the country. As Dr P. Sainath writes in the title of his famous book, “Everybody Loves a Good Drought,” everyone...
Where is My Interest Rate? | Unlocking banking for the people (Volume 1)
“What really was new was the trick of claiming Neo liberalism stripped away rules when much of what it was doing was imposing new rules that favoured banks and the wealthy. For instance, the...
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