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finance minister

Home > Posts tagged finance minister

The Finance Minister has a great opportunity to amend the tax structure. Will she do it?

Peoples Commission on Public Sector and Public Services has issued a statement on tax structure which the Finance Minister should look into. All over the world there are changes proposed in the tax system...

Read more January 25, 2025 at 12:26 pm Thomas Franco

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...

Read more December 21, 2024 at 9:28 am Thomas Franco

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...

Read more October 3, 2024 at 6:54 pm Thomas Franco

A Decade of Write-Offs: How the Govt and Banks Failed to Tackle NPAs and Helped Big Corporations

The government has time and again stated that ‘write off’ does not mean relief to the borrower as recovery processes continue. But in practice, banks are compelled to forgo any hope of recovery.

Read more October 31, 2023 at 11:56 am Devidas Tuljapurakar

Customer Service in Public Sector Banks – Is the Finance Minister Irresponsible?

A recent news report by ANI and PTI reported that a senior citizen, Surya Harijan walks many kilometres barefoot with the support of a broken chair to reach a bank to collect her pension...

Read more April 24, 2023 at 5:59 pm Thomas Franco

While Finance Minister was sleeping, credit outflows inverted

Since FY20, banks are giving more personal loans than loans to industry, particularly to large industry, and the growth in personal loans is even more dramatic

Read more September 23, 2022 at 2:45 pm Prasanna Mohanty

Taking away Govt business from Govt Banks: A deep conspiracy to kill them.

The Finance Minister has announced that the government business handled by the government banks i.e. the public sector banks will also be provided to the private sector.  Already certain government businesses have been slowly...

Read more March 5, 2021 at 4:44 pm Thomas Franco

Budget ‘Like Never Before’ – 2021 Budget Analysis

The 2021 budget was lauded as the one ‘like never before’. There was a lot of hype created around it, hailing it as the ‘a budget to boost economic recovery’, one to ‘drive economic...

Read more February 5, 2021 at 11:34 am CFA

Random Reflections- Future of Wage Revision and Trade Unions in Banking Sector – End of the Road?

After more than 3 years of negotiations, strikes and agitations, wage revision for bank employees has been signed on 11.11.2020. For the award staff it is called Bipartite Settlement as they are covered under...

Read more November 17, 2020 at 1:58 am Thomas Franco

Random Reflections— Whom are you fooling Finance Minister?; You are actually opening a Pandora’s Box

On 12th October, the Finance Minister told the media that she is announcing a package to boost demand. What is the Package? The package includes Rs.10000 Festival advance to central government employees, LTC cash...

Read more October 17, 2020 at 1:42 pm Thomas Franco

SAVE PUBLIC SECTOR CHARACTER OF IDBI

TO PROTECT HARD EARNED SAVINGS OF THE COMMON MAN ORIGIN OF DEVELOPMENT BANKING Historically, the idea of establishing special institution for the provision of finance for industry was put forth in strong terms, as...

Read more September 23, 2020 at 3:27 pm Devidas Tuljapurakar

Random Reflections- Cheating the Street Vendors and the Public- The Finance Ministers way

Remember the Atma Nirbhar – TV Show of Mrs. Nirmala Sitaraman and Mr. Anurag Thakur? After that, both have disappeared for long. May be rehearsing for the next show. Mr. S.Gurumurthy has announced that...

Read more August 25, 2020 at 6:19 pm Thomas Franco

Random Reflections- Privatisation of Financial Sector – A road to ruin

Almost all financial newspapers have informed that 3-5 banks and 3 general insurance companies are going to be privatized. They have indicated that Bank of India, Indian Overseas Bank, UCO Bank, Punjab and Sind...

Read more July 22, 2020 at 5:31 pm Thomas Franco

Random Reflections- Everyone loves Corona except the Bankers and Migrant Workers

The Economy was already in shambles and Corona has brought great relief. Everyone can blame Corona and everyone can get relief. From what is happening around the world and the few measures announced by...

Read more April 1, 2020 at 12:25 pm Thomas Franco

Random Reflections- Will the FM yield to the demands of the people & apologise?

The Finance Minister has reprimanded the Chairman of State Bank of India in an outreach meeting at Guwahati in which the Finance Minister of Assam Himanta Biswa Sarma, officials from banks and state government...

Read more March 17, 2020 at 7:53 pm Thomas Franco

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