Private vs Public Interest

Few people in India understand the complex business of oil & gas pricing. So long as everything was a sarkari monopoly, there wasn’t any need to, especially because most utilities were subsidised for the ordinary person. Privatisation has meant deal-making, allegations of corruption and a sharp increase in prices. How does an ordinary person cut through the allegations, untruths and rhetoric...

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Ponzi Scheme: Is RBI Passing the Buck?

Astrange deposit scheme that is proliferating in the states of Orissa, Chhattisgarh, Karnataka and Maharashtra has already collected almost Rs1,000 crore and is expanding virtually unchecked. The scam has elements of money-laundering and possibly the use of fake and forged currency as well; however, the banking regulator would like to pass off the investigation to the respective state...

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Overcharged & Underserviced

The RBI is concerned about high bank charges. It should look into the quality of services as well

In a recent speech at Hyderabad, Dr D Subbarao, governor of the Reserve Bank of India said that he was surprised that “transfer of funds from one branch of a bank to another, both under the core banking system (CBS), entails a service charge for the remitting customer.” He asked banks to lower...

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