PSBs gift corporates freedom from debts worth Rs 4.37 trillion during 2018-20
India’s public sector banks collectively wrote-off Rs 4.37 trillion-worth non-performing assets between April 2018 and December 2020, benefitting corporates.
Reserve Bank of India
Is the Indian economy on its path to recovery or is the crisis growing manifold?
Is the Indian economy really on a revival path, as the RBI suggested? Or whether the crisis has aggravated in the recent months?
Part II: COVID-19, fictitious capital and financial crisis
The second part of the analysis of the COVID-19 pandemic, share buy back and fictitious capital: A capitalist effort to survive the financial crisis.
COVID-19, fictitious capital and financial crisis
The COVID-19 isn’t the cause of the quagmire in which capitalism is in at the moment. The pandemic only triggered what was inevitable. An in-depth analysis.
SBI’s investment to save YES Bank sets dangerous precedence of corporate bail-out
The SBI’s investment to save YES Bank sets a dangerous bail-out precedence where public money will be used to catapult corporate entities in crisis.
Yes Bank crisis exposed how NPAs are hastening the fall of private banks too
The Yes Bank crisis that drove thousands to uncertainty, proved once more that the private sector banks aren’t immune from NPA-driven major financial crisis
Will Diwali 2019 kindle hope for the crashing economy?
Diwali is a much-celebrated Hindu festival of north and west India and industries look at it with hope. Can it help the Indian economy to recover in 2019?
Even fudged GDP figures show unfit economy crashing while Modi plays Fit India
As the GDP growth fell to 5% for Q1 of FY 2019-20, the Modi regime is showing no concern for the unfit economy and the prime minister is busy with Fit India
The curiosity over the fate of Rs 1.76 trillion RBI surplus usurped by the Modi regime gripped the country
The news of the Modi regime receiving a record Rs 1.76 trillion from the RBI’s reserve is now viral, what isn’t is the government’s intention over the usage
Shaktikanta Das’s Appointment as RBI Governor Won’t Give Cakewalk to BJP
The appointment of Shaktikanta Das, a 1980-batch IAS officer of Tamil Nadu cadre as the governor of the Reserve Bank of India (RBI) has drawn a lot of criticism and ignited a big controversy in the economic discourses around the country. Shaktikanta Das is the first RBI governor in 28 years who isn’t a banker … Read more