Government Seeks another Bail-out! New Delhi, 13 January 2019: Financial Accountability Network India (FAN India) condemns the government’s move to seek another round of funds from Reserve Bank of India (RBI). This comes in just months after the RBI approved Rs. 1.76 Lac Crore (including Rs. 52,637 crore from…
Tag: RBI surplus
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…
Bank Merger is against The Banking Companies Act, 1970: Dr Thomas Franco
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…
Bank mergers was done at the behest of corporates: Sitaram Yechury
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…
Bank Mergers did on behalf of Corporates: Sitaram Yechury
For Immediate Release Bank Mergers did on behalf of Corporates: Sitaram Yechury Economists, Unionists and Political Party leaders discuss RBI reserve fund transfer & bank mergers New Delhi, September 3, 2019: “The transfer of RBI’s surplus to the government destabilises the RBI, makes India vulnerable in an on-going global and…
Banks merger ‘reflects’ Modi’s pro-corporate slant: Public sector units deserve to die
Several civil rights organizations, trade unions and their representatives have called the recent Government of India announcement of the merger of 10 public sector banks (PSBs) as a systematic step towards “privatising” them, adding, it is line with “a slew of waivers” for the so-called wealth creators, who are actually…
Transferring RBI surplus to govt, banks” merger to aggravate economic slowdown: Yechury
New Delhi, Sep 3 The twin moves of transferring RBI surplus to the Union government and merger of banks will further aggravate the slowdown the Indian economy is facing, CPI(M) general secretary Sitaram Yechury said on Tuesday. Speaking at a debate hosted by the Financial Accountability Network, he said the…