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indian economy

Home > Posts tagged indian economy

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- Demonetisation – The cruel joke on the People

After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked speech in Goa said “I have asked the country for just 50 days....

Read more November 10, 2020 at 1:22 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

Give Doing Business report a COVID burial

On August 27th, the World Bank came out with a statement suspending the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the...

Read more September 3, 2020 at 9:35 pm Maju Varghese

Random Reflections- Act of God and Banking

Ms. Nirmala Sitharaman’s statement that Covid-19 is an act of God to deprive states and union territories of their legally due GST has led to lot of discussions. While the central government in a...

Read more September 3, 2020 at 12:58 pm Thomas Franco

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

Snippets from the world of Indian economy and banking

State-owned banks need Rs 2 trillion in capital over next two years: Moody’s Public sector banks (PSBs), which have already had weak capital buffers, will need at least $25 billion in funding from external...

Read more August 22, 2020 at 1:31 pm CFA

Random Reflections; Privatization of Public Sector – Withering of the State?

We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, “Tryst with destiny”, underlined that the service of...

Read more August 22, 2020 at 12:02 pm Thomas Franco

Investments Beyond Borders- A Preliminary Report on Indian EXIM bank

For thirty seven years, the Indian Exim Bank has been providing financial assistance to Indian exporters and importers of goods and services. One of Exim Bank’s major functions is to support and protect exports....

Read more August 15, 2020 at 3:04 pm Madhavi Bansal

Random Reflections- How & why Manmohan Singh was wrong then & wrong now?

On 24th July 1991 Dr. Manmohan Singh presented his budget to the parliament in which he stated that until November 1989 when his Congress party was in office the economy was doing well but...

Read more August 11, 2020 at 5:29 pm Thomas Franco

Random Reflections- Are the Public Banks Already Private?

Institutions do not become public only because of ownership by the state. They should serve the people at large who are the real owners. While nationalising banks, the purpose was not to earn profit...

Read more July 2, 2020 at 2:43 pm Thomas Franco

Hindi -Comments and Objections of Civil Society Groups and members on the draft Electricity (Amendment) Bill 2020

सेवा श्री आर के सिंह राज्य मंत्री-बिजली और नई और नवीकरणीय ऊर्जा श्रम शक्ति भवन, भारत सरकार नई दिल्ली -110001                            ...

Read more June 24, 2020 at 2:07 pm CFA

Titanic Moment?; Analysis of NPAs & Loans by the PSBs in the Pre-COVID Era

An Analysis of Non-Performing Assets & Loans by the Public Sector Banks in the Pre-COVID Era For the Indian banks, reeling under the weight of mounting Non-Performing Assets (NPAs), COVID came as a blessing...

Read more June 19, 2020 at 5:14 pm CFA

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
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January 12, 2021 0

Random Reflections: Micro Finance – Time to look back and make a ‘U’ turn

In 1992, Self Help Groups (SHGs) promoted by NABARD as a Pilot Programme came as a boon for women...

Read more
January 8, 2021 0

Random Reflections – Online Loans: Government and RBI should address the root cause of the problem

Online loans have led to suicides and loss of more than 1000 crores reported so far and few Chinese...

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