The Decline of Foreign Banks in India: A Closer Look https://www.youtube.com/watch?v=HyN_WbUM-Fw
Moneylife News Bite
Why Foreign Firms Have Bit the Dust in the Financial Sector https://www.youtube.com/watch?v=gKko5oWZOBY May 8, 2024
Foreign banks once thrived in India's financial sector, but now they're retreating. Citibank, a retail finance pioneer, recently sold its Indian business to Axis Bank, echoing a broader trend. Standard Chartered and HSBC have minimal presence compared to local giants like HDFC Bank. Similarly, foreign mutual funds struggle, with many, including Morgan Stanley and Fidelity, leaving. This shift marks a departure from optimistic projections of the 1990s. Mismanagement and global crises favoured Indian firms, which capitalised on trends like digital banking. Foreign companies' short-term perspectives led to their exit, while Indian firms thrived. Watch the video as Debashis Basu explains.
https://www.moneylife.in/article/why-foreign-firms-have-bit-the-dust-in-the-financial-sector/74103.html While Indian entrepreneurs and managers have, indeed, shown tremendous talent and execution skills, the ‘Quit India’ policy for foreign financial companies has not happened by design, but by default.
Quite frankly, all the assumptions made in the mid-1990s about the Indian middle class have turned out to be wrong. There was no smooth surge in middle-class prosperity for foreign businesses to tap into because the Indian economy continued to be mismanaged. Productivity remained poor, corruption and taxes stayed high, and crony capitalism undermined infrastructure growth in the mid-2000s, resulting in bad loans of Rs20 lakh crore in PSBs.
when disruptive opportunities like the digital on-boarding of customers happened, domestic banks were better placed to scale up. Similarly, when the stock market took off post-Covid-19, domestic mutual funds and broking firms grew rapidly.
While the financial sector threw up clear winners (Indians) and losers (foreigners), note the same has not happened in other sectors. For example, foreign companies in personal products have not quit. Their powerful presence continues. Indian companies have not made much headway in winning market shares from multinational companies like Colgate and Hindustan Lever.
The reason foreigners have lost out in the financial services business is because they have been impatient and had a short-term view—perhaps those traits come from the nature of the financial services business itself.
संदेशखाली पीड़िताओं ने कहा भाजपा ने ज़िंदगी नर्क बना दी https://www.youtube.com/watch?v=lMFjDfP1if0 । Navin Kumar May 10, 2024
क्या प्रधानमंत्री, रक्षा मंत्री और गृह मंत्री ने देश से झूठ बोला? पीड़िता बताकर उम्मीदवार बनाया अब जवाब देते नहीं बन रहा। बंगाल की राजनीति में मोदी की मिट्टी पलीद।
In practice, democracy as a principle seldom overpowers the notion of democracy as an administrative practice. It is no different in India. Questions about the state of democracy come up only around crises of procedures like those related to elections or institutions like Parliament. Few seriously examine what values should mark democracy in a country like India where pluralism, diversity and tolerance are necessary for society to survive.
https://indianexpress.com/article/opinion/columns/india-democracy-election-9316842/
Due to the structural inequalities of Indian society, B R Ambedkar considered democracy a value that the Constitution must protect and guarantee. Gandhi did not favour the constitutionalisation of democracy which, according to him, has to be preserved in society as an essential value. He did not want to privilege and legalise democracy as a part of constitutional morality over a traditional, social morality. In his view, it was not a part of our natural sentiment. Rather, it was artificially cultivated or externally imposed — which is in contrast to the “real” democratic tradition in India that flourished through religious co-existence.
The state’s position as “guardian of democracy” resulted in many unpleasant episodes, including the proclamation of Emergency by Indira Gandhi in 1975. What makes the present situation different from previous experiences is that the clout of certain kinds of organisations is no longer seen as abnormal. This happened during the Emergency as well – Sanjay Gandhi’s hold on the government is well-known. But the current regime has legitimised the sway of organisations like the RSS through popular means. The conditions of a working democracy may be the same for seven decades, but the principles and values have the potential to be altered.
by M H Ilia
09/05/2024
Adani-Ambani पर खुल्ला झूठ बोले, Modi अपने ही जाल में फंस गए? 2024 Election News, 3 Phase Election https://www.youtube.com/watch?v=CAHOzSuATFM Kumkum Binwal May 8, 2024
Prime Minister Narendra Modi Wednesday asked why Congress leader Rahul Gandhi has stopped talking of Ambani and Adani in this election all of sudden, suggesting that a secret deal may have been struck. Kumkum Binwal analysis.
राहुल के खौफ में मोदी ? PM Modi on Adani-Ambani- Rahul Gandhi Deal, 2024 Election Modi vs INDIA https://www.youtube.com/watch?v=wir8zKWWa78 DESH NEETI
Seven of the 10 listed Adani group companies have received showcause notices from SEBI 4 May 2024 http://timesofindia.indiatimes.com/articleshow/109826083.cms
Third Phase Ke Baad Adani-Ambani Se Break Up https://www.youtube.com/watch?v=-dfdggEzjFU Paurush Sharma
Modi ने Ambani-Adani पर हमला किया तो Prakash Raj, Priyanka Chaturvedi फुल मजे ले गए! https://www.youtube.com/watch?v=W7UWq-tPkdk
Ashok Wankhede: Modi Accuses Ambani-Adani to Give Black Money to Congress to Shut Rahul Gandhi https://www.youtube.com/watch?v=pM7SBm4SFQA The Public India
अंबानी-अदाणी पर क्या कह गए मोदी | Modi on Adani-Ambani https://www.youtube.com/watch?v=7UQBfmP10eM May 8, 2024
प्रधानमंत्री अभी तक झूठ बोल रहे थे, नफ़रती भाषण दे रहे थे, मगर अब उल्टा-पुल्टा भी बोलने लग गए हैं। तेलंगाना की एक रैली में तो उन्होंने अदाणी और अंबानी पर आरोप लगा दिया है कि इन लोगों ने टेम्पो में काला धन लाद कर कांग्रेस को पहुंचाया है। राहुल गांधी को चुनौती दी है कि वे बताएं कि इनसे कितना माल उठाया है। राहुल गांधी की इससे बड़ी राजनैतिक जीत क्या हो सकती है कि अंबानी और अदाणी को लेकर लगातार अभियान से नरेंद्र मोदी को मजबूर कर दिया कि उनकी ज़ुबान पर अंबानी और अदाणी का नाम आ गया।
Data collected by the government of former Madhya Pradesh chief minister Shivraj Singh Chauhan showed that about 45% of Madhya Pradesh’s martyred soldiers were from the Bhind and Morena districts. If the neighbouring Gwalior district is included, the figure is even higher. https://thewire.in/society/chambal-agniveers-blacksmiths-carpenters-shopkeepers
But ever since the Agnipath scheme was launched, the situation has changed.
Chambal’s youth are becoming disillusioned with the army. According to Manu Sikarwar, a resident of Kailaras tehsil of Morena district, “it is a matter of pride to be martyred for the country, but if we are martyred, our family will neither get pension benefits nor other benefits that a regular army soldier gets.
by Deepak Goswami
08/05/2024
The Somaiya management "discontinued theassociation" of their Principal Parveen Shaikh
No Indian Express, supporting Hamas, and glorifying terrorists is not ‘political opinion’: Somaiya school’s Parveen Shaikh gets usual cover fire from Leftist media
https://www.opindia.com/2024/05/indian-express-somaiya-school-article-on-principal-parveen-shaikh-support-hamas/ Indian Express suggested that Somaiya School should stand by Parveen Shaikh and “serve as an example for education leaders across the country.” What example does the newspaper want set for educators? That you can blatantly support terrorists and rapists like Hamas and be proud of it?
https://indianexpress.com/article/opinion/editorials/why-a-mumbai-school-principal-should-not-be-sacked-over-her-social-media-posts-9304414/ Liking a post on social media that valorises a Hamas fighter after what happened on October 7 is not expected from a school principal, especially one who has a stellar record leading an institution. But if the management of the Somaiya School in Mumbai presses its demand for Parveen Shaikh’s resignation, it will hurt the school. It will also send a chilling message to its students, and future citizens: That the price for expressing a political opinion, even if it is unpopular, is too high. If the principal can be fired for this, why should students debate at all? The school seems to be another in a line of institutions, great and small, that are willing to sacrifice their autonomy and “cancel” employees for expressing an opinion. However, the Somaiya School saga, as it has unfolded so far, also offers a ray of hope. The silver lining in the entire episode is that Shaikh, rather than bending, has asserted her constitutional rights and sense of professional duty. ” I live in democratic India; I hold the principle of freedom of speech in high regard as it is a cornerstone of democracy… I will not resign because I have given hundred per cent to the organisation,” she said. A significant number of parents too have reached out to the Trust that manages the school to express their support for Shaikh. The Somaiya School should stand by its principal and serve as an example for education leaders across the country. And, as a professional who leads an institution of learning, Shaikh should realise that her “liking” a social media post may be personal but its import will be public. Also available at https://www.indiaacademicfreedom.net/school-education/why-a-mumbai-school-principal-should-not-be-sacked-over-her-social-media-posts
Comments on WA GS: We are seeing too many of these. Very few managements/organisations/groups seem to have the ability to push back against such organised state-backed vendettas.
LA is Transforming its Concrete River - here's why https://www.youtube.com/watch?v=--L6dNoSnf0 Circle of the Earth
For years, the Los Angeles River was a drainage ditch along most of its 51 mile length, and large parts have been covered in concrete. The Los Angeles River became heavily polluted from agricultural and urban runoff over the last century, negatively impacting both residents' health and the environment. People living in the the area were overly exposed to pollutants and didn't have much access to green space.
In this video, we'll show you how Los Angeles residents have been transforming the LA River by using natural-based solutions to restore the watershed, improving the lives of hundreds of thousands of people by increasing biodiversity and improving water security.
From the Commentary of the film: the restoration of the los angeles river has become a leading example of how urban waterways that have been reconstructed into drainage systems and divert water out to sea can be transformed back into rivers that capture and hold rain water runoff which is especially important in drought-prone
areas it has been demonstrated that by restoring the waterways using natural-based solutions we can increase biodiversity and improve water quality and the river becomes a valuable asset and a huge benefit to the city's residents don't you also think more cities should restore their rivers back into green spaces ?
Comments on WA" PPP This is so much related to our )pune) river beautification drive. I wonder if this is know to our jeevit Nadi folks? We love to build flyovers and demolish after few years, build BRT routes and demolish after few years. And possibly the RFD to seems to have this plan. GDP should increase continuously. It is easy route
DM: RFD of the project was constructed in Mula-Mutha river without PMC, when the water came out of Mahapur river it entered the house, that was sin.
And the river is pure internal and external nature The river itself is independent, self-regulating, with natural order, order, security, internal and external laws of nature.
In the absence of PMC, trees are felled and vehicles enter the wrong roads, Punekars suddenly fight, it is a sin to avoid project rush...
Example – There are internal and external relations like farmer and land.
external means farmer and Antarman means field or land, farmer himself internal means acres of open land and Bahirman means vegetables, fruits.
The Maharashtra government has given loans to the farmers of the state, and there have been reports of farmer suicides without loans. It is a sin to cheat farmers by disqualifying them in the matter of loans
SN: This is the most apt and probably the most hopeful way to get the right things done going ahead. Depending on govt, authorities, so called global-leaders is not going to be just too late but also they will continue on destructive projects which will only benefit them for holding on to power. As individuals we get bogged down by the enormity of what one can do alone.
It is only through power of communities and movements like ours which can make lasting change by taking everyone along on a sustainable and caring path. So spread this awareness of our movement to Revive Pune Rivers in the right manner to your friends, relatives, colleagues, communities, etc.
Dhruv Rathee ने अपने नए वीडियो में Modi के भाषण पर क्या कहा? 2024 Election News, 3 phase Election https://www.youtube.com/watch?v=lHM1FIy0Ryk Kumkum Binwal
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66,319 views May 7, 2024 #modi #dhruvrathee #kumkumbinwal
Youtuber Dhruv Rathee uploaded a new video in his channel which is being liked a lot on social media
Dhruv Rathee’s Viral Video Lists ‘4 Stages’ of How Indians Are ‘Being Brainwashed’ The Wire The Wire Staff
25/Apr/2024
a four-set methodology through which dark social media or the WhatsApp universe is weaponised and, over time, used to twist narratives.
The first ‘department’ he says is “pride”.
Department number two he says is “victimisation and self-pity” on how, for centuries, “they” have ruled over us and thwarted our potential greatness and identity.
department number three or “you are in danger”
department number four, which is the Modi cult of personality. The saviour cult is created at this stage, https://youtu.be/9Gmp2BAB3VA
“Modi is 80% a Dictator and a Darpok”; I Call on Indian Voters to Throw Him Out https://youtu.be/4bBIfkK0Z7g Karan Thapar
Karan Thapar
मैं कन्हैया हूँ | I am Kanhaiya https://www.youtube.com/watch?v=6SFzDZ0wPcs के सब्सक्राइबर्स की संख्या एक करोड़ हो गई। हम अपनी इस यात्रा पर अलग से वीडियो बनाएंगे उसका इंतज़ार कीजिएगा लेकिन इस हासिल के हिस्सेदार आप हैं, हम आप सभी को पूरे मन से याद कर रहे हैं। आपका आभार। इधर हम एक करोड़ हुए उधर कन्हैया दिल्ली में आ गया। कन्हैया ने कहा कि वह डॉ कन्हैया है और इसी के साथ दिल्ली की चुनावी राजनीति में कन्हैया की धमाकेदार एंट्री हो गई है।
BJP की Party office और Political campaigning का अनुमानित खर्चा - 74 हजार cr से 1 लाख cr के बीच https://www.youtube.com/watch?v=FtDYMM9C6GY May 5, 2024 #BJP
भाजपा ने अपनी पार्टी ऑफिस की लागत और चुनावी प्रचार के खर्च का जो ब्यौरा चुनाव आयोग दिया है असलियत में उससे कई गुना ज्यादा खर्चा किया है। द वायर पर जाने-माने पत्रकार M Rajshekhar ने The Rs 60,000 Crore Question the BJP Needs to Answer About its Financials ने एक शानदार लेख लिखा है।
आपको उसे लेख को पढ़ना चाहिए। इस लेख मे राजशेखर जी ने बताया है कि कैसे अगर बहुत मोटे तौर पर भी अनुमान लगाए तो यह पता चलता है कि भाजपा ने बिल्डिंग और पॉलिटिकल कैंपेनिंग पर अपने सालाना फाइनेंशियल रिपोर्ट से चुनाव आयोग को जो खर्चा बताया है, उससे कई गुना ज्यादा खर्च किया है। उसी विषय पर इस वीडियो में बात की गई है।
What might the BJP’s expenditure look like? District offices: Rs 2,661 crore Other buildings: Rs 900 crore State elections: Rs 16,492 crore Lok Sabha elections: Rs 54,000 crore-Rs 87,750 crore
1. In the absence of information, anybody who seeks to understand the BJP’s finances can only rely on back of the envelope calculations.
2. Building and campaign expenditure are just two highly visible instances of the BJP’s deep pockets...Over the last ten years, 182 MLAs had quit their parties to join the BJP. According to the journalist Sunetra Chowdhury, that number stood at 444 MLAs by March 2024.
3.both Modi and finance minister Nirmala Sitharaman have reiterated those claims, saying bonds were meant to “clean up electoral financing” and “tackle the use of black money in elections. In the past, the BJP has repeatedly said that its buildings are funded by donations and voluntary contributions by party workers. These, however, would have been already counted – under “voluntary contributions” in the party’s annual reports.
4. Four. Illicit flows have for long been a staple of India’s political parties’ financing. Parties also run illegal mafias in businesses like alcohol and sand – and face charges of padding up overseas deals.
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