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Privatisation

IDBI Privatisation: Betrayal with Parliamentary Mandate & Mandate of the Constitution

After getting independence in the year 1947, India adopted the process of planning for the economic development of the country. As soon as it became a republic, in 1950, the first five-year plan was...

Read more November 7, 2022 at 10:59 am Devidas Tuljapurkar

IDBI Bank Sale—The Height of Madness 

When the Nobel Prize in Economics is awarded to economists for their work on “why banks should not be allowed to fail,” the Union Government announced an Expression of Interest in selling IDBI Bank.

Read more October 12, 2022 at 5:57 pm Thomas Franco

Understanding Deregulation, Privatisation & Economic Reforms: What derailed the Indian economy?

The derailment began in 1991, with the World Bank, an IMF loan, and the liberalisation, privatisation, and globalisation agenda.

Read more September 20, 2022 at 12:56 pm Thomas Franco

RBI Bulletin- What did the media miss out?

It is surprising that none of these national newspapers noticed the footnote in the publication which said that this was not the opinion of the RBI.

Read more August 22, 2022 at 1:35 pm Thomas Franco

How to destroy the Indian Economy? Poonam Gupta and Arvind Panagaraiya prescribe

A report presented by Poonam Gupta and Arvind Panagaraiya at the India Policy Forum 2022 on 12th July, is clearly a prescription for destroying the Indian Economy which is already on the verge of...

Read more August 2, 2022 at 12:31 pm Thomas Franco

Lies, Despair and a Grotesque Inequality Plagues Indian Economy Today

We witnessed an infantile jubilance on the part of the government since last year about a “record recovery” from the pandemic. Finance Ministry’s report claimed that armed with necessary macro and micro growth drivers, India...

Read more July 12, 2022 at 4:56 pm Anirban Bhattacharya

LIC should run the IDBI bank and not some fortune seekers

In the USA right now, roadshows by our government to sell IDBI Bank are happening, soliciting prospective buyers.

Read more July 11, 2022 at 7:10 pm Thomas Franco

Why Talk of Privatisation When Public Sector Banks are Doing Excellent?

The net profit of the public sector banks in 2021 was Rs.31,820 crore and their operating profit was Rs.1,97,376 crore. The net profit increased by 109% to Rs.66,541 crore in 2022 and the operating...

Read more June 27, 2022 at 12:50 pm Thomas Franco

From 16 Cr Jobs Promised in 8 Years, Only 10 L to Materialize in 18 months!

Mr Narendra Modi promised 2 crore jobs per year in 2014 itself. Now after 8 years, unemployment has increased in great proportions due to demonetisation, GST, lockdowns, contractualisation of labour and not filling up...

Read more June 20, 2022 at 1:02 pm Thomas Franco

Each train in India is an Economic Unit – The Govt is attempting to collapse it.

I was travelling from Chennai to Bhopal by Tamil Nadu Express, which is supposed to be a Superfast Express to attend the ‘All India People's Science Congress.’

Read more June 13, 2022 at 4:11 pm Thomas Franco

World Bank aided privatisation and commercialisation – sectoral learnings from India

Note to the readers: This is a mildly edited transcript of the talk given by the author at the World Without World Bank Campaign Week in 2021 at a panel titled “Privatisation, Commodification and...

Read more April 28, 2022 at 1:50 pm Gaurav Dwivedi

Amidst Authoritarian Regimes, Terrible Labour Conditions & Privatization, What’s the Future of our Youth?

Across the globe, we are seeing a rise in authoritarian regimes. Vladimir Putin in Russia, Jair Bolsonaro in Brazil, R.T. Erdoğan in Turkey, Xi Jinping in China and Narendra Modi in India are glaring...

Read more April 2, 2022 at 12:35 pm Thomas Franco

More Privatisation, less Accountability- How did the Indian Economy fare last month?

In pursuance of its policy of monetisation of national assets, the government earlier this month approved the setting up of the National Land Monetisation Corporation (NLMC). It would be a government-owned company with the...

Read more April 1, 2022 at 12:12 pm Anirban Bhattacharya

National Monetization Pipeline: A Critical Evaluation

In August 2021 the NDA government unveiled its grand design to put chunks of the nation’s public assets on lease for private profits. The plan has been named the National Monetization Pipeline, the idea...

Read more March 1, 2022 at 1:03 pm Anirban Bhattacharya

Budget, Push for Privatisation and Outright Frauds

Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey...

Read more February 23, 2022 at 3:54 pm Ashish Kajla
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