Wrong Diagnosis & Misplaced Priorities
A Critique of the Boston Consulting Group's Report on Banking in India
India’s employment challenge requires a new vision and strategy for self-reliant development
Modi promised that he will provide 2 crore employment every year. Why did he fail? What came in his way? Greater employment generation required a paradigm shift.
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.
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.
Can an RBI Board of Director get away calling Public Sector Bank Executives Scums?
S. Gurumurthy, a government nominee on the Board of RBI, made this comment in a recent speech, “Efficient officials in Public Sector Banks are leaving because of low salary and lack of freedom, and...
Pension and other Social Security – India lags far behind
Our country’s constitution talks of equality, equal opportunity and social justice. But unfortunately, even after 74 years, we lag behind in social security.
The merger of PSBs- A Failed Experiment!
On 1st October 2017, five associate banks of SBI were merged in the State Bank of India. Dena Bank and Vijay Bank were merged in Bank of Baroda on 1st April 2019, while in...
Public Sector and The Pandemic: Why Government Interventions Are Essential
In an interview of Joseph Stiglitz that appeared in Investopedia on 23 April 2020 he said “Covid 19 reminds us that when we have a crisis we turn to collective action and to government.”...
Why Sell the Public Sector? Pandey ji, please explain.
Tuhin Kanta Pandey, Secretary, Dept of Investment and Public Asset Management was addressing Industrialists in the meeting ‘CII National Conclave’ and stated that disinvestment is back on track now. He is supposed to invest...
Random Reflections; Privatization of Public Sector – Withering of the State?
We just celebrated the 74th Independence day. On the Midnight of 14th August 1947, Pandit Jawaharlal Nehru while addressing the Constituent Assembly in his famous speech, “Tryst with destiny”, underlined that the service of...