Banking sector crisis part of larger mess: CPI-M leader
New Delhi, Feb 23 (IANS) Communist Party of India (Marxist) leader Nilotpal Basu on Friday said the present crisis in the banking sector is part of a larger crisis the country is facing on...
New Delhi, Feb 23 (IANS) Communist Party of India (Marxist) leader Nilotpal Basu on Friday said the present crisis in the banking sector is part of a larger crisis the country is facing on...
Recapitalization or capital infusion of Public Sector Banks from budgetary allocations has been making news for the past few years on a regular basis. In August 2015, the government under its Indradhanush framework announced...
Union Budget 2018-19: Issues of Marginalised Sections
The proposed FRDI Bill in its current form could impact banks in a detrimental way. The Modi-led NDA government did not have to be in the defensive many a time, in its nearly four-year...
Burdened with the ever-increasing non-performing assets (NPAs) and saddled with its provisioning, it is common knowledge now that Public Sector Banks (PSBs) have suffered enormous losses and thus, are in a crisis. The current...
Public Statement Penalizing for Poverty – Public Sector Banks Should Stop Extorting Money Over Minimum Account Balance (MAB) Requirement It was highly shocking to learn that State Bank of India (SBI) had levied Rs...
Thomas Franco, General Secretary of the All India Bank Officers Confederation talked to Newsclick about the Financial Resolution and Deposit Insurance Bill. There has been no discussion or debate of any kind with either...
Wrong Diagnosis, Harmful Prescription: A Critique of Financial Resolution and Deposit Insurance (FRDI) Bill, 2017
The proposed FRDI Bill will make the recovery of Indian economy impossible “If demonetisation imperilled Indian economy in the short term, GST did it for the medium to long term, but with the implementation...
Five years ago, the All India Bank Officers’ Association, presented a presentation to our Bank Management titled NPA-Never Permit an Avalanche. This helped a lot to reduce NPAs of smaller amount but the large...
The Financial Resolution and Deposit Insurance Bill (FRDI) was introduced by the Union Minister of State for Finance Arjun Ram Meghwal in the Parliament (Lok Sabha) on August 10, 2017, on the penultimate day...
More than 10,000 bank employees and officers from across the country marched from Ramlila Grounds to Parliament on September 15, 2017. They were marching to protest the anti-people banking reforms being implemented by successive...
Report subverts the real issues while focusing only on the frivolous ones August 25, 2017, Kutch, Gujarat: Communities affected by the Tata Mundra (Coastal Gujarat Power Ltd – CGPL) coal power plant in Kutch...
We all know of the killing impacts of coal based power plants – from the massive air pollution, from water contamination and from the dirty coal mines. As per the “State of Global Air...
August 23, 2017, New Delhi: “The corruption in the power sector is in the tune of over one lakh crore,” said senior journalist and author Paranjoy Guha Thakurta. The former editor of EPW and...