Across the globe, we are seeing a rise in authoritarian regimes. Vladimir Putin in Russia, Jair Bolsonaro in Brazil, R.T. ErdoÄan in Turkey, Xi Jinping in China and Narendra Modi in India are glaring...
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...
In August 2021 the NDA government unveiled its grand design to put chunks of the nationās public assets on lease for private profits. The plan has been named the National Monetization Pipeline, the idea...
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...
If a PSU is in loss, sell it; if it is earning profit, still sell it. Thus LIC, the life insurance behemoth,Ā is going down the hammer. The sale of 5% shares is just...
In its reckless privatisation drive, the Government of India (GoI) isĀ sellingĀ the Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, a Non-Banking Financial Corporation (NBFC) with a dubious record, owned by a...
In its reckless privatisation drive, the union government is selling Central Electronics Limited (CEL) to Nandal Finance & Leasing Private Limited, an NBFC with a dubious record, owned by a furniture company, with less...
In her last budget speech in 2021, the Finance Minister declared the government's disinvestment plans for the Life Insurance Corporation of India (LIC). Already, amendments to the LIC Act have been made to set...
From 1991 with the debut of neoliberal policies we have followed the dictates of IMF, the World Bank, the Financial Stability Board (of G-20) and now even the World Economic Forum.
Post-Independence, there was reluctance to nationalise the various private airlines that were running very inefficiently. In 1950, an Air Transport Inquiry Committee (headed by Justice G.S. Rajyadhaksha) was appointed which went into a detailed...
āThe government is claiming they are giving only temporary rights for certain duration (through the National Monetisation Pipeline). The key question is how the government will repay this investment that the private companies have...
Disinvestment entails the government selling an asset, in part or full. By the term āmonetizationā the government is claiming to retain ownership while offering the asset to private players for investment and operationalization. The...
The then Finance Minister late Mr. Arun Jaitley & the present Finance Minister Smt. Nirmala Sitharaman used to say that IBC will prove to be a game changer. Indians are scared of stigma &...
RBI has downgraded Indiaās growth projection to 9.5% from 10.5%. World Bank projects it at 8.3%. Actually, it may be worse. This is at the backdrop of GDP growth of a negative 7.3%. Last year,...
There were no public sector banks till 1955. Only on 1st July 1955 Imperial Bank of India was nationalised creating State Bank of India. It is important to know what was banking in our...
