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.
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.
In his book, ‘Joint Farming X-rayed’, Chaudhary Charan Singh marshalled facts from the FAO, USDA, and independent newspapers to show that collective farming had failed everywhere.
Siddaramaiah govt’s five schemes strain finances as GST changes hit revenues; debt to jump nearly Rs 80,000 crore. State also plans to auction liquor licences & extend bar timings.
Contract for construction of four MILGEM-class ships was signed in 2018. PNS Bedir is to be delivered by June 2026, while PNS Tariq is due for delivery in first quarter of 2027.
If Pathaan gave both conservatives and liberals room to hide, Dhurandhar extends no such courtesy. Aditya Dhar ripped open that tent of hypocrisy and turned the knife.
The free money from Fed or QE was meant to reflate bank balance sheets, which were running on negative equity. Firstly banks took this money and gave it to their trading desks & made outlandish profits for their shareholders but these were not passed on to depositors. Because the personal & commercial lending unit is separate from trading. Secondly the rationale for QE [to sell it to the public in order to use tax payer funds] was that banks would start lending again. This was a lie. They never intended to. Much more profitable to trade it. Thirdly Goldman & Morgan cynically converted to bank holding company in order to be eligible for this free Fed money. Banking has not been boring. In fact there’s not much press on it but banks have been going gangbusters with Free Fed money. Why should they pay depositors any more than zero % ? The handcuffs were needed. Now Trump has removed Dodd Frank, so Wall Street can shoot itself in our feet … again.
The free money from Fed or QE was meant to reflate bank balance sheets, which were running on negative equity. Firstly banks took this money and gave it to their trading desks & made outlandish profits for their shareholders but these were not passed on to depositors. Because the personal & commercial lending unit is separate from trading. Secondly the rationale for QE [to sell it to the public in order to use tax payer funds] was that banks would start lending again. This was a lie. They never intended to. Much more profitable to trade it. Thirdly Goldman & Morgan cynically converted to bank holding company in order to be eligible for this free Fed money. Banking has not been boring. In fact there’s not much press on it but banks have been going gangbusters with Free Fed money. Why should they pay depositors any more than zero % ? The handcuffs were needed. Now Trump has removed Dodd Frank, so Wall Street can shoot itself in our feet … again.