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How The 11,400 cr. Import Ponzi Scam at PNB Unfolded

There’s a huge “fraud” at Punjab National Bank, which involves a lot of lies by a lot of people. Here’s where we come in to explain what we think happened.

But first, a few important notes:

There’s no reason to…

Budget 2018: The Rural Side of the Budget, and It’s Huge

This budget has been focused on developing the rural landscape. Increased allocation for rural spending is seen, with  more stress on the  agrarian families livelihood.  In the year 2018-19, for creation of livelihood and infrastructure in rural areas, total amount …

The Banks That Get 88,000 Cr. as a Bailout. Explained.

Bank Recap

On October 25, 2017 the Government announced the Great Indian Bank Recapitalization program. (Read our post on it) The idea was to infuse capital for ailing Public Sector Banks which under the heavy burden of Non Performing Assets had been …

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