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Sunday, April 28, 2024
TopicBanking sector

Topic: Banking sector

RBI on its own cannot solve the NPA crisis in Indian banking sector

There is need for a broader action plan, involving various government bodies, to fight the NPA crisis in banking sector.

Fixing the financial system isn’t enough, it needs to be changed

Experience has taught bankers not to worry about the downside. The government bailed them out with no personal repercussions and without fundamentally changing the system.

The fear of another crisis like 2008 has made banking more boring

In a bid to make finance safe, we have ended up forcing developing countries to rely on their own resources or on dangerous new benefactors, such as China for funds. 

India, world’s fastest growing economy, isn’t growing fast enough to create enough jobs

Glacial economic reforms, fragile banking sector, rigid labor laws and a spotty educational system are holding India back.

India is spending trillions of rupees to rescue its banks. This is lunacy

The government's approach has been to throw money at the problem and mandate reform from above. The reform never happens, or it does not make a difference.

On Camera

Instagram reels on stoicism are the new rage — they can battle burnout and bigotry

The Romans’ version of stoicism is rapidly picking popularity on Instagram — Marcus Aurelius, Epictetus, and Seneca are some names that get thrown at you when you fire up your screen.

Government allows export of onions to six countries, sets buffer stock target

The government had imposed an export prohibition in order to ensure adequate domestic availability of onions in the country.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.