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

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 …

[Premium] Development Banks – Why India Need it?

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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[Premium] Fugitive Economic Offenders Act 2018 – Why is it Necessary?

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?

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.

[Premium] Blockchain Technology & Cryptocurrency – In a Nutshell

Blockchain technology, also known as the decentralised, distributed ledger technology, has gained popularity in India in the last 2 years. According to studies, in the next 5 years, Blockchain has the potential to add value to the tune of USD 5 billion across all sectors in India.

Various banks in India have been increasingly adopting this technology. Utilising this distributed ledger technology, a group of India’s 11 largest banks including ICICI Bank, Kotak Mahindra Bank, HDFC Bank, Yes Bank, Standard Chartered Bank, RBL Bank, South Indian Bank, and Axis Bank have launched the 1st ever blockchain-linked loan system in the country. This not only guarantees transparency in loan disbursement but also eliminates any communication challenge among the different banks.

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