Random Reflections- Solutions for the Banking Sector
“Call the dog mad and shoot it” was the old slogan. The present slogan is, “poison the dog, make it look like mad and shoot it”. The governments have done exactly the same with...
Indian groups reject World Bank’s concept note for World Development Report 2021: “Data for better Lives”
The annual World Development Report (WDR) is a flagship publication of the World Bank. The 2021 WDR report is in the process of being drafted and is titled “Data for Better Lives”. The Bank...
How the Govt Is Spinning Its Dysfunctional Nagpur Water Project as a Success Story
The Indian government’s PPP database indicates that infrastructure projects worth Rs 15,960.66 crore are listed under the ‘water’ sector, as of December 2019. Nagpur: The issue of water privatisation was once a hot potato...
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...
Random Reflections- Is India’s Banking Sector Moving Towards a Melt Down and Financial Collapse?
Bank’s performance is always the reflection of the country’s economy. Though results are not out for the financial year 2019-20, analysis shows that many banks will be showing a huge loss. The last quarter...
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...
Lessons Not Learnt- The World Bank’s disturbing push to privatise Indian education
In September 2018, the Indian government unveiled a massive three-billion-dollar project—Strengthening Teaching-Learning and Results for States, or STARS— designed in collaboration with the World Bank to improve the country’s education system. While 85 percent...
Random Reflections: Selling the Mangalsutra- LIC Listing
The present government is on a selling spree. Cartoonists have crafted some promising cartoons showing the Finance Minister of the country selling BSNL, Air India, BHEL etc. like a vegetable vendor. The government appears...
The Invisible hand of International Financial Institutions (IFIs)
(How Public Banks are going to be privatised and land, labor reforms are being gradually pushed in the country) In a capitalist system, it is said that the market correct itself through the invisible...
Global Mass Protests: Why the Ubiquitous Outrage?
To quote the Political Science professor, Robert O’Brien, at the McMaster University in Hamilton, “the world is at a high level of protest right now”. He further adds that he can witness “a dissatisfaction...
Bank Mergers Why For?
Nirmala Sitaraman, Minister of Finance, in her latest press conference, announced the merger of 10 Public Sector Banks (PSBs) to carve out four big banks. In the process six, PSBs are being closed. Presently...
Merger of Banks: Harmful, Ill-timed and Avoidable
Public Statement | New Delhi, September 18, 2018 The Merger of Banks: Harmful, Ill-timed and Avoidable The decision of the government to merge Bank of Baroda, Dena Bank and Vijaya Bank yesterday (September 17, 2018) is...
Water for Life, Not profit: IFIs in Urban Water Supply in India
Close to past two decades India has been observing measures to reform the water sector based on the financial sustainability model put forward by the International Financial Institutions (IFIs) based on principles like increasing...
A False Debate on the Frauds and Regulations in Public Sector Banks
The war of words between the Finance Minister and RBI governor has steamed up with the Arvind Subramanian, Chief Economic Advisor, jumping in the fray attacking the Urjit Patel, RBI Governor, who commented, among...
The Privatisation of Public Sector Banks is not a Panacea
In the aftermath of the Rs. 12,000 crore fraud perpetrated by Nirav Modi, the critics of the Indian Banking system has launched into a fresh debate on the ownership structure of India’s Public Sector...
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