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random reflections

Home > Posts tagged random reflections

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

LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!

The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged.

Read more May 5, 2022 at 11:11 am Thomas Franco

Why are you killing excellent institutions, Nirmala ji?

Every single institution built up during the last 75 years is either being weakened, strangulated or killed at a slow pace.

Read more May 2, 2022 at 1:22 pm Thomas Franco

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

Tata gets a loan at 4.5%, but the poor pay over 26% for microfinance!

On 14th March 2022, RBI issued revised instructions for microfinance loans to the poor by Non-Banking Financial Companies (NBFCs) called Micro Finance Institutions (MFIs).

Read more March 19, 2022 at 1:05 pm Thomas Franco

Economic Survey and Budget 2022 – Hide Facts, Tell Lies, and Provide Irrelevant Statistics

While claiming that India is number one in vaccination, the Economic Survey presents a chart of a few countries, leaving out China. ​To show our spending in the social sector is worthwhile, it provides...

Read more February 10, 2022 at 11:45 am Thomas Franco

The largest bank in the country cannot be anti-women!

State Bank of India has announced changes in the recruitment policy, which have come under valid criticism. How can SBI, which should be a model employer, become a guinea pig for wrong policies?

Read more January 28, 2022 at 1:21 pm Thomas Franco

Selling the Golden Goose for a Pittance – Does our FM know what LIC is?

In spite of strong opposition from all sections of the society, the Finance Minister has recently asked her Ministries to speed up LIC Initial Public Offer (IPO).

Read more January 15, 2022 at 2:34 pm Thomas Franco

The Fate of Rural and Farm Credit with Privatisation of Banks

Rural and farm credit were totally neglected before the nationalisation of banks on 19th July 1969. The historic All India Rural Credit Survey carried out in 1954 showed that formal credit institutions provided less...

Read more December 24, 2021 at 4:53 pm Thomas Franco

From People’s Bank to a Corporate Slave – Where is the SBI headed?

The recent deal between Adani Capital and the State Bank of India has raised eyebrows. State Bank of India was known as the people's bank, and it could rightly claim that it was 'the...

Read more December 8, 2021 at 4:18 pm Thomas Franco

Privatisation of Banks – A Comedy of Errors or Sale to Corporates?

Amendment of the banking law has been enlisted in this session of parliament. This is a reversal of the nationalization affected in 1969 and 1980, taking over private banks from business houses that were...

Read more November 29, 2021 at 3:22 pm Thomas Franco

Mr Rajnish Kumar’s Book Raises More Questions Than Answers- Part 1

The book is worth reading to know how the public sector banks, the RBI and the Ministry of Finance deal with banking. How they create a crisis and try to manage it. I am...

Read more November 2, 2021 at 12:38 pm Thomas Franco

Are Bad Banks here to Save the Corporates?

The Union Government has announced setting up of a Bad Bank (the name itself is bad), called the National Asset Reconstruction Company Ltd (NARCL).  It will buy loans above Rs.500 crores from the banks....

Read more September 29, 2021 at 1:07 pm Thomas Franco

Anti People Bills Passed Surreptitiously by the Parliament

In a democracy, debates and discussions and are essential. Issues of governance are of vital importance. Parliament is meant to keep a check on the government by the people and for the people. But...

Read more September 15, 2021 at 11:27 am Thomas Franco

Enhanced Access and Service Excellence – Easy way of Cheating People

In January 2018, the Government of India launched EASE 1.0.  It was developed by Boston Consultancy Group (BCG),  a multinational consultant with no experience in banking at all, and it is still run by...

Read more September 6, 2021 at 3:35 pm Thomas Franco
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August 8, 2022 0

Use of a rupee route to get around dollar dominance

India could take advantage of geopolitical developments to promote trade and gain better status for the rupee, by avoiding...

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August 5, 2022 0

RE Matters | July 2022

𝑁𝑒𝑤𝑠 & 𝑉𝑖𝑒𝑤𝑠 𝑜𝑛 𝑅𝑒𝑛𝑒𝑤𝑎𝑏𝑙𝑒 𝐸𝑛𝑒𝑟𝑔𝑦 Here is our monthly newsletter on Renewables, RE Matters, from the Centre for...

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