Crisis in PSBs & Importance of Bank Unions
Crisis in Public Sector Banks and Importance of Bank Unions – Prof C.P Chandrashekar
Growing Financial Crisis in the Power Sector
In the past few years, a major shift has taken place in the power sector on several fronts including environment clearance, national forest policy, coal mining regulation, power purchase agreement (PPA), fuel supply agreement...
Statement on the Withdrawal of FRDI Bill
Public Statement | August 16, 2018 A Battle Won, The War Looms at Large: Statement on the Withdrawal of Financial Resolution and Deposit Insurance Bill A Joint Statement On 7th August 2018, a year...
FRDI Bill Withdrawn: A Victory to the People
On August 7 2018, the government officially withdrew its proposed Financial Resolution and Deposit insurance Bill (2017). This Bill aimed to redefine the regulatory framework by introducing a Resolution Corporation (RC) that would have...
LIC Rakes in Money Because of over 25 Crore Policyholders
Last week, according to the media reports, the board of the Insurance Regulatory and Development Authority of India (IRDAI) approved public-owned Life Insurance Corporationâs (LIC) proposal to increase its stake in the troubled public...
The Best of Finance Matters: First Anniversary Issue
A year back when we started our weekly newsletter Finance Matters, what we intended was to bring together the news and analysis from the world of finance, in a form and language comprehensible to...
Sucheta Dalal on the Growing Crisis in the Indian Banking Sector
Financial analyst and journalist Sucheta Dalal said that the Indian banking system is at the verge of crisis, reeling under the mounting bad loans, caused by unfettered corporate loans. Referring to governmentâs announcement in...
Banks Desperate to Bail Out Coal Power Sector Outside IBC
According to recent news published on the Business Standard, the leading banks of India are designing a scheme for bailing out stressed assets in the power sector, which, as per the latest report of Parliamentary Standing Committee on...
Report: Citizens Report on Four Years of Modi Government
The report âCitizens’ Report on the âFour Years of the NDA Government, 2014-18: Promises & Realityâ â a civil society initiative’ is a collective work by experts, development networks and civil society organisations working...
Running Dry
The sudden ATM cash crunch in several States points to the government’s ham-handed approach to currency management and evokes suspicions of plans to weaken public sector banks. By PURNIMA S. TRIPATHI THE ghost of...
Modi Government Wrecking Public Sector Banks and the Indian Economy
Public Statement | April 27, 2018 After Demonetisation, now the Cash Crunch in ATMs: Modi Government Wrecking Public Sector Banks and the Indian Economy A Joint Statement In the past few weeks, ATMs across...
Banking Sector Crisis is a Part of Larger Mess: Nilotpal Basu
Nilotpal Basu of the Communist Party of India Marxist CPI(M) said that the crisis one is witnessing in the banking sector is a part of the larger crisis the country is facing on multiple...
Why do the corporations owning 80% of NPAs go scot-free?
âWhy do the big corporations who owe 80% of NPAs go scot-free?,” M.K. Venu of the Wire asked at the public meeting titled ‘Crisis in the Banking Sector: Who Stole? Who Pays?’ Crisis in...
Bank recapitalisation is Not Exactly a Solution to the NPA crisis
An intervention of Anupam, Swaraj India, at the public meeting titled âCrisis in the Banking Sector: Who Stole? Who Pays? âCrisis in the Banking Sector: Who Stole? Who Pays?â Crisis in the Banking Sector: Who...
Accountability of Corporates is as Important as That of PSBs
New Delhi: âCorruption today is not moral degeneration but is a systemic loot. It results in huge accumulation and inequity,â said Nilotpal Basu, CPI(M) leader, at a public meeting organized at the Press Club...
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