Urban Co-operative Banks – Analyzing the Crisis…

Restriction of operations at Punjab & Maharashtra Cooperative (PMC) bank by RBI brings urban cooperative banks again into prominence and again, for a wrong reason. The governance issues cited by RBI put a serious question mark on the operations of the entire segment and necessitate an overhaul of the sector. Here is a look at the issues affecting urban cooperative banks and forward path. Continue reading “Urban Co-operative Banks – Analyzing the Crisis…”

Corporate Governance – Where is India Inc Headed??

India Inc is facing a crisis of confidence with unraveling of cases of frauds committed by the top management in the recent past. The latest in the list is allegations of siphoning of funds by the ex-chairman of CG Power, banned by SEBI from capital market yesterday. Cases are not restricted to willful default where lenders’ money is at stake but siphoning of company funds or cases of inter-corporate collusion. So, has the corporate India suddenly become so corrupt or there is more to it than that? Here is a look at the recent developments and the outlook. Continue reading “Corporate Governance – Where is India Inc Headed??”

Global Trade Overview

The increasing trade tension has taken its toll on the global trade as its growth fell sharply in 2018, as per the WTO report. More importantly, trade in the first quarter of 2019 has recorded a decline for the major countries as per the initial figures which means 2019, as a whole could be much worse. While the trade figure is in itself worrying, an even bigger question is whether trade is slowing down the global economy or the economic slowdown is affecting the trade. Here is a look at the details and a brief attempt to answer the last question. Continue reading “Global Trade Overview”

Weekly Round Up – Week 37

Major news for the week are reasonable growth in IIP, declining automobile sales, reasonable bids received by IL&FS for its road assets and sale of stake by ADAG group company. In the international news, ECB re-starts its bond buying in a sign of anticipated slowdown. Continue reading “Weekly Round Up – Week 37”

Interconnectedness of Financial Sector – An Overview

The turmoil across all the segments of Indian financial sector can be attributed to one factor – the interconnectedness of these institutions. The interconnectedness arises because one set of institutions mobilize more funds than they utilize and another set needs more funds than they receive from primary source. So, if any NBFC defaults on its […]

Efficiency and Efficacy of MGNREGS – The Economic Survey Report

Among the issues covered by the Economic Survey this year are the gains arising out of technological intervention in MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme). The scheme has received even greater push with the technological interventions such as direct benefit transfer (DBT), Aadhar and more recently, Geo-tagging of assets. Even though MGNREGS has generated substantial controversies ever since its launch and continued debate on its benefits, its impact on rural economy cannot be ignored. Here is a look at the scheme based on the economic survey report. Continue reading “Efficiency and Efficacy of MGNREGS – The Economic Survey Report”

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