A message and my remark: Yes bank's problem is in the initial stage.It is more of investment bank than of commercial bank. Commencement of the bank coincided with the Govt initiative to encourage mega project out of bank loans.They with the aid of new era professional prepared mega project report.Their syndication cell underwritten the projects … Continue reading CDR ?
YES BANK EPISODE My thoughts on this: Managing of corporate NPA borrowers and managing of weak bank problem is beset with ultra conspiracies that shatter the fundamentals of the economy. Unless a good credit culture is developed in the country, this mockery will continue at the cost of public money. Any money borrowed should get … Continue reading Good ones and the bad (a thought about banks and their problems)
The National Development Council (NDC) meeting was scheduled for 12 July 1984. The NDC is the highest body to guide and promote development. It is presided over by the prime minister and consists of all chief ministers, select members of the Union cabinet, and the deputy chairman, Planning Commission. It is a forum for the … Continue reading An unusual bureaucrat’s view of an unusual CM
Abhijit Banerjee, Esther Duflo and Michael Kremer share Nobel Prize for Economics Abhijit Banerjee, his colleague and wife Esther Duflo and fellow researcher Michael Kremer win the 2019 Nobel Prize for Economics. The Prize Committee has said, “The research conducted by this year’s Laureates has considerably improved our ability to fight global poverty. In just two decades, their … Continue reading Three economists win Nobel for Experimental Approach to Alleviating Poverty