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...
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...
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...
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...
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....
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...
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...
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 ...
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...
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...
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...
Social Activists and Economists Layout Vision for a Post Covid Economy
Press Release | May 19, 2020 New Delhi: “Thinking about an Ameere Rehka (wealth line) and not a Gareebi Rekha (poverty line) is the need of the hour”, noted social activist Medha Patkar said. She was speaking at...
Aatma Nirbhar Bharat –Part III & IV & V: A Self Reliant India to be a Privatised India
As part Part III the Finance Minister announced Rs.1 lakh Cr Agri Infrastructure Fund for farm gate infrastructure for farmers. Rs.10000 Cr scheme for formalization of Micro Food Enterprises. Rs.20000 Cr for fishermen through...
Atma Nirbhar Bharat – Part II: Old Wine in the Old Bottle
The Finance Minister has released the second part of Self Reliant India. We don’t know whether there are anymore parts. Releasing in parts gives her lime light and deviation from the increasing Corona status. She...
Breakdown of Finance Minister’s Atmanirbhar Bharat
Finance Minister gave a press statement and a document of 27 pages has been released. Everybody is hoping now for the other parts. When the economy is in crisis everyone hoped for relief package...
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