In terms of spending on infrastructure, privatisation, huge vacancies and changes in curriculum – the assault on education is from many directions. What is at stake is our future generations. This is the twelfth in a series of report cards by the Financial Accountability Network India, that attempts (even if…
Tag: privatisation
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…
Bank Nationalization Day: In Defense of Public Sector Banks
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…
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…
Complete ‘negligence’ by RBI led to Yes Bank debacle: Financial advocacy group
In a “public statement”, the advocacy group Financial Accountability Network India, New Delhi, has said that the Yes Bank debacle exposes the Reserve Bank of India (RBI) “failure”, insisting on the need to hold those responsible for the debacle “accountable” and move towards “nationalising” private banks. Endorsed by 30 academics…