Saturday, June 23, 2018 05:07 PM

PNB scam: Nirav Modi episode shows how corporate frauds are eroding credibility of India's banking system

Corporate frauds like the Nirav Modi scam, phenomenal rise in non-performing assets (NPAs), new provisions like bail-in under Financial Resolution and Deposit Insurance (FRDI) regime are a multi-pronged conspiracy aimed at weakening India's predominantly public-owned banking system. This would result in corporate appropriation of public savings besides diverting household savings into speculative investment to fuel market bubbles. Thus, the Nirav Modi scam is not an aberration.

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Simultaneous Elections:For and Against

Addressing the fourth meeting of NITI Aayog, Prime Minister Narendra Modi again flagged the issue of simultaneous elections for parliament and state assemblies, calling for a widespread debate on the issue. ..

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BJP: Political Failure in J&K

The decision of the BJP to withdraw from the coalition government with the PDP in Jammu & Kashmir at this particular moment has the potential of creating greater political instability in the state. It signifies the total political failure of..

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Jammu & Kashmir: Steps Needed to Begin Dialogue

Once again, there is some talk about talks to be held on Jammu & Kashmir.  On May 26, the Union Home Minister Rajnath Singh, in a media interview said that the government is ready to hold talks with Hurriyat, if the Hurriyat leadership is..

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Karnataka, Kairana undermine BJP's mission Sout India

The Karnataka and Kairana developments seriously undermine BJP's efforts to penetrate into south India either on its own or with the support of allies. The  swift move by congress  in Karnataka deprived BJP of prospective ally like JD(S) ...

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BJP loses as opposition unites in the By-poll

The by-election results indicate that opposition can only challenge Narendra Modi if it can arrive at state level consolidation of anti-BJP vote. BJP in Palghar and NCP in Bhandara-Gondia in Maharastra and RLD in Kairana indicate this trend...

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Cobra Post Sting exposes Media-Hindutva Nexus

Cobra Post and its intrepid journalists, particularly Pushp Sharma and Anirudh Behl, conducted daring sting operation on some of the biggest media houses in the country. They have exposed on camera the enormous greed of the media barons, who..

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What happened at Thoothukudi?

At least 12 people were killed and scores of others including women and children injured in a brutal police attack and firing on people agitating against Sterlite Copper, a subsidiary of global mining conglomerate Vedanta, in the city of..

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Who should form the Government in a hung Assembly?

If a majority of elected MLAs formed a coalition, the governor would be constitutionally right to invite the leader of the majority coalition to form the government and prove their majority within a short period...

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Karnataka Outcome: Mining Mafia comes alive again

The Karnataka election has resulted in a hung Assembly.  The BJP has emerged as the single largest party winning 104 seats but falling short of a majority by eight;   the Congress was defeated getting only 78 seats and the Janata Dal..