Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | No economic reason to privatise banks -Aunindyo Chakravarty    </title>
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Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of..."/>
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Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of..." />
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of why the govt needs to own banks. Banks are instruments through which capital flows into the economy.</em></p><p style="text-align:justify">Bank privatisation is a hot topic again. It kicked off when Finance Minister Nirmala Sitharaman hinted that the government would like to have at least one company in each strategic sector and sell off everything else. That meant, except for a couple of big government banks, the others could be put on the block. In the past week, the privatisation chorus has become louder. The NITI Aayog was reported to have suggested that three government banks &mdash; the Punjab &amp; Sind Bank, UCO Bank and the Bank of Maharashtra be sold off. An RBI director proposed that the government reduce its shareholding in public sector banks (PSBs) to 26 per cent. And, former RBI Deputy Governor Viral Acharya recommended that &lsquo;healthy&rsquo; government banks should be privatised.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/no-economic-reason-to-privatise-banks-123584?fbclid=IwAR373GOnawGF-o57eAqVOEsZLiEjzKb3rJuoUS9b_wUekXP02pg9gAbzfcs#.Xy5VQHCbbxM.facebook" title="https://www.tribuneindia.com/news/comment/no-economic-reason-to-privatise-banks-123584?fbclid=IwAR373GOnawGF-o57eAqVOEsZLiEjzKb3rJuoUS9b_wUekXP02pg9gAbzfcs#.Xy5VQHCbbxM.facebook">click here</a> to read more.</p>                                                           
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Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of..."/>
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of why the govt needs to own banks. Banks are instruments through which capital flows into the economy.</em></p><p style="text-align:justify">Bank privatisation is a hot topic again. It kicked off when Finance Minister Nirmala Sitharaman hinted that the government would like to have at least one company in each strategic sector and sell off everything else. That meant, except for a couple of big government banks, the others could be put on the block. In the past week, the privatisation chorus has become louder. The NITI Aayog was reported to have suggested that three government banks &mdash; the Punjab &amp; Sind Bank, UCO Bank and the Bank of Maharashtra be sold off. An RBI director proposed that the government reduce its shareholding in public sector banks (PSBs) to 26 per cent. And, former RBI Deputy Governor Viral Acharya recommended that &lsquo;healthy&rsquo; government banks should be privatised.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/no-economic-reason-to-privatise-banks-123584?fbclid=IwAR373GOnawGF-o57eAqVOEsZLiEjzKb3rJuoUS9b_wUekXP02pg9gAbzfcs#.Xy5VQHCbbxM.facebook" title="https://www.tribuneindia.com/news/comment/no-economic-reason-to-privatise-banks-123584?fbclid=IwAR373GOnawGF-o57eAqVOEsZLiEjzKb3rJuoUS9b_wUekXP02pg9gAbzfcs#.Xy5VQHCbbxM.facebook">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Tribune</p><p style="text-align:justify"><em>Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of why the govt needs to own banks. Banks are instruments through which capital flows into the economy.</em></p><p style="text-align:justify">Bank privatisation is a hot topic again. It kicked off when Finance Minister Nirmala Sitharaman hinted that the government would like to have at least one company in each strategic sector and sell off everything else. That meant, except for a couple of big government banks, the others could be put on the block. In the past week, the privatisation chorus has become louder. The NITI Aayog was reported to have suggested that three government banks &mdash; the Punjab &amp; Sind Bank, UCO Bank and the Bank of Maharashtra be sold off. An RBI director proposed that the government reduce its shareholding in public sector banks (PSBs) to 26 per cent. And, former RBI Deputy Governor Viral Acharya recommended that &lsquo;healthy&rsquo; government banks should be privatised.</p><p style="text-align:justify">Please <a href="https://www.tribuneindia.com/news/comment/no-economic-reason-to-privatise-banks-123584?fbclid=IwAR373GOnawGF-o57eAqVOEsZLiEjzKb3rJuoUS9b_wUekXP02pg9gAbzfcs#.Xy5VQHCbbxM.facebook" title="https://www.tribuneindia.com/news/comment/no-economic-reason-to-privatise-banks-123584?fbclid=IwAR373GOnawGF-o57eAqVOEsZLiEjzKb3rJuoUS9b_wUekXP02pg9gAbzfcs#.Xy5VQHCbbxM.facebook">click here</a> to read more.</p>                                                           
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Home हिन्दी

No economic reason to privatise banks -Aunindyo Chakravarty

Published on Aug 8, 2020   Modified on Aug 9, 2020

-The Tribune Is there a case to be made for privatisation to help the government raise funds and reduce its fiscal burden and avoid having to recapitalise them every now and then? It is based on an entirely faulty understanding of why the govt needs to own banks. Banks are instruments through which capital flows into the economy. Bank privatisation is a hot topic again. It kicked off when Finance Minister Nirmala Sitharaman hinted that the government would like to have at least one company in each strategic sector and sell off everything else. That meant, except for a couple of big government banks, the others could be put on the block. In the past week, the privatisation chorus has become louder. The NITI Aayog was reported to have suggested that three government banks — the Punjab & Sind Bank, UCO Bank and the Bank of Maharashtra be sold off. An RBI director proposed that the government reduce its shareholding in public sector banks (PSBs) to 26 per cent. And, former RBI Deputy Governor Viral Acharya recommended that ‘healthy’ government banks should be privatised. Please click here to read more.

The Tribune, 8 August, 2020, https://www.tribuneindia.com/news/comment/no-economic-reason-to-privatise-banks-123584?fbclid=IwAR373GOnawGF-o57eAqVOEsZLiEjzKb3rJuoUS9b_wUekXP02pg9gAbzfcs#.Xy5VQHCbbxM.facebook

Tagged with: Bad Loans Bank Privatisation Efficiency HDFC ICICI Bank Loan Defaulters NITI Aayog Non-Performing Assets NPAs Private Banks Privatisatiion PSBs Public Sector Banks Viral Acharya YES Bank

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