Free Press Journal
  • rbi

    A petition to the RBI: Surging bank charges

    Officials at the Reserve Bank of India (RBI) may be familiar with an image that is being WhatsApp-ed around lately. It says “If you have a gun, you can rob a bank; but if you have a bank, you can rob everyone.” The story of banks robbing people is quite old.  Banks have been known…

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  • 2017-03-16_FPJ-PW-banks-and-their-charges

    Indian banks seek to fatten themselves

    Last week was a turbulent one for the banking industry. It began with the country’s largest bank, State Bank of India (SBI), announcing an increase in cash withdrawal charges for its customers. The SBI chairman stated that the charges became inevitable in order to meet the costs of the soaring number of Jan Dhan accounts….

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  • talk-women-empowerment

    Women’s Day Special – Let’s talk women empowerment!

    Women’s empowerment is more than a social need. It is an imperative for half of the population, a driver of economic growth and a potential curb to crime. On the occasion of Women’s Day, The Free Press Journal and Indo American Chamber of Commerce (IACC) organised a panel discussion on ‘Women Empowerment’. IACC office bearers…

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  • DEBT

    Tales of equity and debt in India since 2014

    India perplexes. That’s an adage that many have grown to live with. And nothing confirms this perplexing picture as the story of equity and debt since 2014 (see chart). Both suggest a story of growth and health.  But pay attention to the unspoken words, and a different picture begins to emerge. It is worrisome. In…

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  • Young man, holding a stop sign, child abuse

    To prevent child sex abuse, paedophilia needs to recognised as mental disorder

    Klaus M Beier, in-charge of the Dunkelfeld project which works on strategies to prevent child sexual abuse and the use of child abuse images, was in Mumbai recently. During his visit, this full-time professor and director at the Charité-Universitätsmedizin spoke to FPJ’s RN Bhaskar. Society has reacted to paedophiles with disgust.  What is your view?…

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  • Israeli Prime Minister Benjamin Netanyahu (R) and Indian Foreign Minister Sushma Swaraj deliver joint statements during their meeting in Jerusalem January 18, 2016. REUTERS/Yair Sagi/Yedioth Ahronoth/Pool  - RTX22VSS

    Israel’s second turnaround – startup to super-startup

    Fifteen years ago, Israel looked a bit vulnerable – economically, not militarily. True, it sought to align itself with the western world – especially the US and the EU. But Israel’s GDP rankings were not among the best. Yes, there were worse performers than Israel – notably Spain, Portugal and Greece. However, languishing at levels 20%…

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  • digital-payments

    Epayments – the government stumbles again

    Last week, the government came out with two announcements regarding epayments.  One was through the Reserve Bank of India (RBI).  The other was through the cabinet secretariat. The RBI announcement creates rules of merchant discount rates (MDRs) and also allows for stakeholders to post their responses with it by 28 February. The Cabinet Secretariat announcement…

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  • Ran maidan

    India has become key focus area for Netafim’s CEO Ran Maidan

    Israel’s Netafim is the world’s largest micro-irrigation company. For several decades, the US has been its largest market. But times are changing, and the company expects India to become its largest market – overtaking the US – very soon. Netafim already has a wholly-owned subsidiary Netafim Irrigation Pvt Ltd in India, with its headquarters in…

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  • Arun-Jaitley

    Tighten seatbelts, rough ride ahead for the economy

    Many sectors of the Indian economy have witnessed a sharp slowdown.  This has been acknowledged both in the Economic Survey 2017 and the Union Budget 2017 tabled before Parliament a fortnight ago. However, last week, two reports pointed to the pain that could lie ahead. First comes the issue of dealing with black money. Demonetisation…

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  • Mumbai: S Gopakumar Managing Director CEO GIC Finance . Photo by BL SONI

    Protecting the borrower, family and asset: GIC Housing Finance

    Among the older players in the housing finance segment, GIC Housing Finance (GIC HF) has some unique properties in its business model, to which it has combined aggressive targets for the next few years. The Budget thrust on affordable housing would benefit the company more than most in its peer group. S Gopakumar, MD and…

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  • indian-railways-640x420

    Indian Railways – a painful chugging ahead

    The recent Budget 2017 has made some key provisions for Indian Railways – as well as for other infrastructure projects. The Finance Minister hopes to spend as much as Rs 1.31 lakh crore on the Railways this year, as against Rs 1.21 lakh crore last year. He has proposed creation of ‘Rashtriya Rail Sanraksha Kosh’…

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  • Photo by B. L. Soni

    Will Budget 2017 change the colour of money?

    Budgets in India get dissected ad infinitum. Very often, though, the long-term thought and vision of the Finance Ministry and their subtle forward guidance is lost in the immediate impact. This time, we decided to opt for a considered view given by experienced people on specific topics. That, we thought, would help immensely in clearing…

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