Economy

Economy

Modi vs. Modi, From Chicken Soup to Indian Marriage Vows, Alone on Valentine, Pumpisthan the Evil Eye

Reading Time: 3 minutesNirav Modi, in connivance with bank officials and political masters, left a $1.8 billion hole in Punjab National Bank’s books. Taxpayers will have to bear the brunt of this loot. A self-confessed feminist and an author of chicken soup books, Marci felt that Indian women are more empowered; she renewed her wedding vows in Madurai. […]

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Policy Experiments May Sabotage Food Self-Sufficiency

Reading Time: 5 minutesThe keenness of the BJP-led government runs contrary to its party’s pledge of ‘flourishing agriculture’ taken in its 2014 election manifesto, as well as the government’s own emphasis on adopting a multi-dimensional seven-point strategy. In fact, the government shrewdly says everything that sounds wonderful while concealing its real intention in the camouflage of policy statements. […]

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Balancing Act of Modi between Globalisation and Protectionism

Reading Time: 4 minutesFundamentally, Chinese and Indian protectionism differ widely. Even though the aim of protectionism was common, that is, fostering the domestic industry behind the wall of high tariff, non-tariff barriers and hidden subsidies, Chinese protectionism was aimed at making the nation a global hub for manufacturing while India’s protectionism was to make the nation self-sufficient in […]

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Scams Again for Poll Battle as in 2014: Modi Tries pinning all Ills on Congress

Reading Time: 4 minutesThe PNB scam could add to uncertainties for the BJP government to return with a comfortable majority in 2019. For the same reason, Modi would be still wavering on a snap poll. Here’s a report for Different Truths.  The biggest scandal in India’s banking sector – an alleged 11,400 crore fraud involving Punjab National Bank […]

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Gaming Banking System through Process Shortcomings: Need to Nurture Institutional Integrity to Restore Trust

Reading Time: 5 minutesIn the aftermath of the scam, the Punjab National Bank’s honcho has claimed that it has acted promptly, suspending 10 officials, while the Central Bureau of Investigation has also booked a few officials of the bank that include one retired and one serving PNB employee so far. A report for Different Truths.  At a time […]

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Baby Face Bank Robbers: Nelson and Nirav, One Took to Fatal Love of Gun, the Other to Commission

Reading Time: 4 minutesTwo ‘Baby Face’ bank robbers, Nelson and Nirav, make an interesting study. One used gun, the other sweet talks and honey traps. Here’s a report for Different Truths.  Nirav Modi – Baby Face Nirav! He reminds us of the American gangster of the 1930s, Public Enemy No.1 ‘Baby Face Nelson’. Both small guys with big […]

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Taxation and Monetary Reforms Pull Growth Downwards: Digitisation to Fuel Long Term Economic Progress

Reading Time: 4 minutesIndia’s growth in 2017 appears to be retreating as the economy wobbles owing to the effects of demonetisation and the impact of tax changes. However, the report expects India’s average expansion rate in the next five years to increase to 7.3 percent during 2017-22 despite the structural strains due to reform measures. A report for […]

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Government Must Stand Behind Tottering Banking System: RBI has Failed in its Regulatory Role

Reading Time: 4 minutesThe government must think of large-scale restructuring and privatisation only after the banking sector mess is cleared and the frauds and NPAs are taken care of and the banks’ balance sheets are back into strength. Here’s an analysis for Different Truths.  It is rather irritatingly repetitive that borrowers jump their loans with banks. More so, […]

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