ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

H T Parekh Finance Column

What exactly does the present government have in mind for public sector banks (PSBs)? As the government enters the final year of its term, we simply do not know. It may well be that the government....

I will define the straw and start withquoting from my July 2017 H TParekh Finance Column titled “Debts ThatCannot Be Paid Will Not Be” (Öncü 2017). With my June 2015 H T Parekh Finance Column article....

The deadline for the completion of the resolution process under the Insolvency and Bankruptcy Code (IBC), 2016 for the first set of cases taken up has neared or even passed. The IBC provides for a....

The United States (US) is sinking. It is what happens to a country when it blames everyone else for its ailments. The problem is that when the biggest boat in the water sinks, it pulls others down....

Let me start by mentioning that while I am not an adherent of the Modern Monetary Theory (MMT) like James K Galbraith, I am one of those MMT-friendly economists (Abrahamian 2017): MMT’s adherents like....

Emphasising a point it has made earlier, the Bank of International Settlements (BIS) in its December 2017 Quarterly Review has recorded a (weak) note of caution about the likely effects of the....

As a result of the extraordinary and unconventional monetary policies in response to the Great Recession of 2008, the United States (US) Federal Reserve, the European Central Bank (ECB), the Bank of....

One of Donald Trump’s big election promises was a substantial rollback of bank regulation. Trump and his Republican followers believe the regulations ushered in by the Dodd–Frank Act in the United....

To elaborate on the question, let me quote five ayats from the Quran that ban riba (Arabic: ربا) first and explain riba later. These ayats are from the surah Al-Baqarah: Ayat 275: Those who consume....

It was uncharacteristically in the early afternoon, and not in the early hours of 31 July 2017, when Donald Trump, the 44th President of the United States (US), tweeted: “Highest Stock Market EVER....

With my June 2015HT Parekh Finance Column article titled “When Will the Next Financial Crisis Start?” (Öncü 2015a) I initiated an investigation of the possibility of a new phase in the ongoing global....

The world economy has been in slow motion for most of the period since the financial crisis of 2007. Interest rates fell steeply as central banks attempted to use monetary policy to get economies back....

The Narendra Modi government appears to have decided to privatise public sector banks (PSBs). Preparations are underway with arguments being marshalled that “there is no alternative” to privatisation....

We have seen the cycle before. A money laundering ring is busted open by a British newspaper following an investigation by foreign authorities. We learn that British companies and banks washed the....

Finance Minister Arun Jaitley’s budget proposed a measly ₹10,000 crore towards recapitalisation of public sector banks (PSBs). The budget thus steered clear of the biggest constraint to growth today....