Deliberating on banking frauds, the finance minister said the menace poses a critical threat to the security of both individual customers and financial institutions, which could lead to financial losses and reduced public trust in the banking system | Latest News India
Addressing a press conference at the AICC headquarters here, AICC secretary Vineet Punia and Congress leader Amitabh Dubey said the financial burden on this country from fraud and wilful defaults has been severe.
The distress sale of national assets is unwise
Updated:
Updated:
March 04, 2021 12:45 IST
The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth
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The government’s intent to offload public sector units and banks will only result in the long-term loss of public wealth
The origin of the ongoing crisis in the Indian economy was the fateful night of November 8, 2016. Dr. Manmohan Singh’s prescient words in Parliament that demonetisation would lead to a 2% drop in the GDP were not heeded by Prime Minister Narendra Modi. On the contrary, a badly designed and hastily implemented flawed Goods and Services Tax (GST) followed, further devastating vast numbers of medium and small enterprises, as well as the vast informal sector of the economy. Together, these twin disasters robbed millions of their livelihoods and plunged the Indian economy into a prolonged slump that predates the COVID-19 pan