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Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
Debashis Basu is a Chartered Accountant by qualification with three decades of experience as a journalist and the author of several business books. He has worked with The Times of India, Business World, Business India, Business Today, Financial Express and has written columns for Business Standard and The Economic Times. He now writes a column for Business Standard every alternate Monday. Along with Sucheta Dalal, he has co-authored two best-selling books, "The Scam: From Harshad Mehta to Ketan Parekh" and "Absolute Power: Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam".
One economist is starry-eyed that drivers' and maids' salaries will get paid through payment banks. But why should they? Small transactions are justifiably dominated by cash. They are simpler and easi
The FSLRC is another United Progressive Alliance initiative that Mr Modi is keen to adopt and implement
Like Indira Gandhi, even Narendra Modi seems to be relying on directing public-sector banks through ministry of finance supported by party cadres. How new is that?
The inefficient public sector with higher costs offers a lobbying cover for the entire sector, which confers even greater benefits on the private sector
The Reserve Bank of India is expanding the scope of the banking ombudsman at a glacial speed
If the RBI really wants banks to treat customers fairly, it should do a lot of groundwork in collaboration with customers and consumer organisations