Why does the tax structure pinch the poor more than the rich corporates? Why is higher GST collection not necessarily a good thing for the economy? Why are the states not happy with their share in the taxes? Why was wealth tax abolished? This is the eighth in a series…
Tag: India
IBC Haircuts | Report Card 2014-24
The Insolvency and Bankruptcy Code (IBC) 2016 was supposed to help in recovering mounting NPAs from the corporate sector. But over the years it has turned out to be a super salon where crores are written off in the name of haircuts and corporate sharks take over “ailing” companies for…
Monetisation | Report Card 2014-24
While the government has justified it in the name of raising resources for social and infrastructure spending, but the monetisation plan is nothing but one that offers chunks of the nation’s public assets for private profits. This is the sixth in a series of report cards by the Financial Accountability…
Employment | Report Card 2014-24
This is the fourth in a series of report cards by the Financial Accountability Network India, that attempts (even if not exhaustively) to glance through and highlight a few of the claims and reality of the government’s performance across various sectors from a financial and economic lens. This report card…
Support Bank Strike against Mergers and Bank Charges
For Immediate Release Support Bank Strike against Mergers and Bank Charges September 23, 2019: Financial Accountability Network, India stands in solidarity with the strikes and protest actions announced by the bank officers and employee unions. Four officers’ unions All India Bank Officer’s Confederation (AIBOC), the All India Bank Officer’s Association (AIBOA),…
Mergers to result in global banks? They would be worth $4 bn vs big banks’ capital $70-80 bn
Four officers’ unions, All India Bank Officer’s Confederation (AIBOC), the All India Bank Officer’s Association (AIBOA), the Indian National Bank Officer’s Congress (INBOC) and the National Organization of Bank Officers (NOBO), have called for a strike on September 26 and 27 to protest against the merger of 10 state-run banks…
The government is now trying to get rid of PSUs: VK Tomar
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…
RBI must have a healthy reserve to prevent Rupee depreciation: Paranjoy Guha-Thakurta
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…
All Government wants is to be seen as doing something: Prof CP Chandrasekhar
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…
RBI’s autonomy died on Nov 2016 when the government declared demonetisation: Prof Jayati Ghosh
In the wake of RBI’s decision to transfer Rs 1.76 lakh crore to the government as per the recommendations of the Bimal Jalan-led committee; and Modi Government’s the decision to merge 10 Public Sector Banks to carve out for large banks, a public debate titled ‘RBI’s Reserve Fund Transfer & Banks…