Pradhan Mantri Jan Dhan Yojana (PMJDY): Critical Analysis

Reading Time: 4 mins Pradhan Mantri Jan Dhan Yojana is a flagship financial inclusion scheme that was launched in August 2014 for four years. Due to its successful implementation in the past years, in 2018, the Central Government had decided to make the scheme open-ended to include more incentives to encourage all Indians to open bank accounts. Five years …

Nationalisation of Banks in India: What, Why, How, Pros & Cons

Reading Time: 7 mins July 19 of this year marks the 50th anniversary of bank nationalisation. Nationalisation of banks is arguably the biggest structural reform introduced in the financial sector during the post-independence era of Indian history. The second volume of the official history of the Reserve Bank of India describes banks nationalisation as the single-most-important economic policy decision …

Development Banks – Why India Need it?PREMIUM 

Reading Time: 5 mins

The Finance Minister on August this year had announced a series of measures to boost the economy and the financial market sentiments of the country. Among them was the setting up of a development bank. This comes during the time when there is an increasing call for sustainable development of the economy and the promotion of eco-friendly technologies. This announcement was in response to the economic slowdown and discouraging capital market sentiments. The idea for the establishment of a sound development bank is encouraging as it helps in providing investments on long-term projects that may have little or no profitable returns but are essential for the sustainable development of the country. This move allows for risky investments, the ones that are essential for addressing the environmental concerns, technological growth, and rural economic development.

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NPA Crisis in India – Reasons and ResponsesPREMIUM 

Reading Time: 6 mins

According to the Economic Survey 2018-2019, the functioning of the banking sector has improved due to the decrease in the Non-performing assets (NPAs) and an increase in credit growth. The gross NPAs of the public sector banks have declined from 11.5% to 10.1%, between March 2018 and December 2018.

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Fugitive Economic Offenders Act 2018 – Why is it Necessary?PREMIUM 

Reading Time: 4 mins

Recently, there have been many instances of Enforcement Directorate (ED) filing charge sheet against economic offenders under the Fugitive Economic Offenders Act, 2018. In this scenario, it is essential to understand the need, features, benefits, and concerns regarding the Fugitive Economic Offenders Act, 2018.

This article explains the following in an analytical manner with a mindmap for better understanding and quick revision.

  1. What is the need for Fugitive Economic Offenders Act? (Benefits)
  2. What are the existing laws for seizing Assets?
  3. What are the salient features of Fugitive Economic Offenders Act, 2018?
  4. What are the Challenges in implementing the law?
  5. What is the way forward?

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Demonetisation – A Success or a Failure?

Reading Time: 6 mins The government under the prime ministership of Narendra Modi on November 8, 2016, had announced that the largest denomination of Rs 500 and Rs 1000 were demonetised with immediate effect ceasing to be a legal tender. This move led to widespread impacts across all the sectors of the economy. In a recent report by Azim Premji University, around 50 lakh people lost their jobs since demonetization was launched in November 2016. This report on jobs has come at a time when employment is one of the biggest issues in the Lok Sabha elections.