National Financial Institutions lent 7.12 lakh crores to TPPs between 2005-2022: Study
The report finds 65% accrues to NBFCs, 31% came from public sector banks, and 4% from private banks
No escape from the lower-middle income trap, at least not yet
A 17% credit growth in the first quarter of November 2022 means little since personal loans continue to dominate over loans to industry, particularly large industry. In September 2022, the CFA explained how India’s...
Reserve Bank of India – Clueless, Careless and Heartless
RBI is the regulator and supervisor of the monetary system. Its objectives are, to maintain public confidence in the system, protect depositors’ interests and provide cost-effective banking services to the public. Its roles are...
नोटेबंदी पर RBI की भविष्यवाणी कैसे हुई सच? | हमारा पैसा हमारा हिसाब
नोटबंदी की बात करने से केंद्र सरकार हमेशा कतराती रही है। लेकिन पिछले हफ्ते जब सुप्रीम कोर्ट ने नोटबंदी के खिलाफ याचिका पर सुनवाई शुरू की तो उन्हें मजबूर होना पड़ा। केंद्र सरकार ने...
What RBI told Modi about demonetisation and how it turned out to be true | THE MONEY TRAIL
The Union Government has always shied away from talking about demonetisation. But last week they were forced to, as the Supreme Court is hearing the petition against demonetisation. The Union Government in its affidavit...
While the RBI was sleeping…
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...
महंगाई का पारा कैसे चढ़ा? क्या रिज़र्व बैंक कभी बताएगा?
मुद्रास्फीति को 6% की सीमा तोड़े 9 महीने से अधिक समय गुजर चुका है। कानून के अनुसार, आरबीआई को महंगाई को नियंत्रित न कर पाने पर अपनी विफलता पर सरकार को जवाब देना चाहिए।
Why inflation blew up in our face and why RBI won’t explain the reasons to the people
It has been more than 9 months since inflation broke the 6% ceiling. As per the law, RBI is going to write to the government explaining their failure to contain it, but both parties...
Should SBI become the voice of the Government?
State Bank of India is a Public Sector Bank in which the Union Government holds a 54% share. It has to be independent, and it has acted independently in the past. For example, Mr...
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.
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.
At India’s Climate, Finance and Policy Intersection, Big Infra Remains King
As of last year, financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. A 2021 report found that ICICI, the State Bank of India,...
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...
Roadshows in the US to sell IDBI Bank! Why not allow LIC to own it?
“Banking is a very good business if you don't do anything dumb,” goes an anonymous quote.
Black Money, Fake Notes and Inflation – What are the Government and RBI doing?
On November 8th, 2016, Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes would be abolished. These notes have to be surrendered to the bank branches. He said black money...
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