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IN DEFENCE OF DEMOCRACY AND THE FARMERS’ MOVEMENT

IN DEFENCE OF DEMOCRACY AND THE FARMERS’ MOVEMENT

Press Release: In Defence of Democracy and the Farmers’ Movement 2 December 2020: The widespread farmers agitations against the pro-business and anti-farmer legislations passed undemocratically by the Indian Parliament in September 2020, has been met with a predictable insensitive and muted response from the Government. At the meeting called by…

In Solidarity with the Nationwide General Strike!

In Solidarity with the Nationwide General Strike!

  In Solidarity with the Nationwide General Strike! Scrap Farm Bills! Withdraw anti-Labour Reforms! Stop Privatisation of PSUs! New Delhi, November 23, 2020: Financial Accountability Network India (FAN India) stands in solidarity with the nation-wide general strike on 26th November called by the trade unions demanding withdrawal of anti-worker wage/labour…

Bank Charges Should be Scrapped and Not Just Paused out of ‘Benevolence’

Bank Charges Should be Scrapped and Not Just Paused out of ‘Benevolence’

    Bank Charges Should be Scrapped and Not Just Paused out of ‘Benevolence’ November 4, 2020, New Delhi: The Ministry of Finance announced yesterday that, no Public Sector Bank has increased the bank charges and will not do so in view of the COVID pandemic. The announcement came after strong backlash…

Centre must respect fiscal federalism and legal obligations under GST (Compensation to the States) Act, 2017

Centre must respect fiscal federalism and legal obligations under GST (Compensation to the States) Act, 2017

Centre Must Respect Fiscal Federalism and Legal Obligations under GST (Compensation to the States) Act, 2017 Statement from Civil Society Organisations, Economists and Concerned citizens  New Delhi, October 2, 2020: Financial Accountability Network India (FAN India) and the undersigned condemn the central government for violating the GST (Compensation to the…

Statement on RBI’s discussion paper on Governance in Commercial Bank in India

Statement on RBI’s discussion paper on Governance in Commercial Bank in India

July 15, 2020 Financial Accountability Network India along with other civil society organisations, trade unions, bankers, people’s movements and networks strongly demand that the time for the consultation on the discussion paper on governance be increased to a minimum of three months along with necessary arrangements for wider participation of…

FAN India Condemns the Continuous Exploitation of Depositors by Banks even During the COVID Times

FAN India Condemns the Continuous Exploitation of Depositors by Banks even During the COVID Times

July 11, 2020, Delhi: Financial Accountability Network India condemns the banks for resuming the bank charges which were withheld for three months by Finance Minister. While all the banks resumed the ATM charges and penalty for not maintaining the minimum balance from the month of July, Bank of Maharashtra increased the…

Banks Fraudulently Converted Jan Dhan Accounts into Regular Saving Accounts to Extract Bank Charges

Banks Fraudulently Converted Jan Dhan Accounts into Regular Saving Accounts to Extract Bank Charges

Pradhan Mantri Jan Dhan Yojna (PMJDY) was launched in August 2014 by the Prime Minister Narendra Modi with the aim of providing banking facilities to the poor and to increase financial inclusion in the country. It aimed to open at least one basic banking account for every household and provide…

The Breach of Trust between Banks and their Customers

The Breach of Trust between Banks and their Customers

There are several factors which play an important role in determining the relationship between banks and their customers. One of the most important amongst them is what services banks provide and how they deliver it to their customers which can facilitate the best to their financial needs. Banks were nationalised…

Bank Charges Exhausting Covid-19 Relief Fund

Bank Charges Exhausting Covid-19 Relief Fund

On 24th March, 2020, the Prime Minister of India has declared the nationwide lockdown due to global widespread of Covid 19. As a result, the entire businesses, works, and economy have shut down leading to enormous losses of jobs and livelihood. Consequently thousands of daily wage labours from different states (mainly…