While bankers may flaunt their FI targets accomplished year after year, TT Ram Mohan, who teaches finance and accounting at IIM-Ahmedabad, admits that inclusion cannot be a one-off achievement. In an email interview with Governance Now, he speaks about the perils of setting unrealistic FI targets and how creating new institutions could mean additional trouble for the central ba
At a time when banks are struggling to get customers outside urban areas, Indian Overseas Bank (IOB) has successfully managed to deepen financial services in the rural and unbanked areas. For the last two years, IOB has been offering agriculture and entrepreneurial credit to the rural poor through a network of self-help groups and business correspondents. IOB, unlike other banks, has directly a
India is a poor country and will remain one for a long time, says Dr Nachiket Mor, a member of the RBI’s central board of directors and head of the committee on comprehensive financial services for small businesses and low income households (CCFS) which submitted its report in January this year. In a candid interview with Srishti Pandey, Mor argues why it is important for
Jarnail Singh, journalist-turned-politician, came to limelight when he hurled a shoe at the then home minister P Chidambaram, at a press conference in April 2009. Singh alleges that it was done to protest against Chidambaram’s remarks on the clean chit given to Congress leaders Jagdish Tytler and Sajjan Kumar in the 1984 anti-Sikh riot case. Singh’s anger stormed the attention of na
In a candid conversation with Srishti Pandey at Bank of Baroda`s corporate centre in Mumbai, the bank`s CMD SS Mundra talks about the changing behaviour pattern of borrowers and lenders, his disagreement with some of the Mor panel recommendations and why NBFCs and MFIs should complement banks for achieving the FI goal. Excerpts: It has been almost eight years since financial inc
Drug controller general GN Singh answers questions in an email interview with Pankaj Kumar: Much is made about your statement that India’s pharmaceutical industry would be closed down if we apply US standards. Do quality standards vary from country to country? The quality of drugs manufactured in the country is regulated under the provisions of the Drugs an
As an attorney in the United States, Madhu Goud Yakshi’s heart always palpitated for the people of Telanagana. He gave up his law practice in New York after around 3,000 people committed suicide demanding statehood for the region during TDP’s rule in the late 1990s and early 2000s, returned home and dived straight into politics. He fought the elections on a Congress ticket in 2004,
The Standing Conference of Public Enterprises (SCOPE), an apex body of central government-owned public enterprises, has a mission to improve overall performance and to strengthen effective and sustained engagement of these companies with all stakeholders. Leading the organisation at present is director-general UD Choubey, a former chairman and managing director of GAIL (India) Ltd. In a
Excerpts of interview with Akash Agarwal, country head, EC council. EC-Council is the world’s largest certification body for Information Security professionals. Agarwal handles EC Council’s business operations in the area of information security, trainings and certifications for business acceleration. Here he talks about the threat of online (in)security and how knowledge about them
In a complex country like India, where imaginative leaders are needed to make the best of emergent realities, Manmohan Singh failed to provide that thrust. Prof Valerian Rodrigues, who teaches political science at the Jawaharlal Nehru University, tells Trithesh Nandan that the prime minister made everything centralised, leaving enormous burden on the next prime minister. Edited
Will history be kind to Manmohan Singh? Yes, believes Prof GK Chadha, former vice-chancellor of the Jawaharlal Nehru University and now president of South Asian University, who was one of the earliest students of Manmohan Singh. He spoke with Trithesh Nandan at length about the prime minister’s legacy. Edited excerpts from the interview: Do you thin
Dr Ajay Kumar is a 1985 batch Indian administrative service (IAS) officer of Kerala cadre. An alumnus of IIT Kanpur, Kumar was heading the IT department in Kerala as principal secretary before taking over as joint secretary of the department of electronics and information technology (DeitY). When he joined DeitY, the department didn’t have electronics division. He was instrumental in the
Professor Rajat Moona is a graduate in electrical engineering from IIT Kanpur and holds a PhD degree in computer science and automation from IISc Bangalore. He is a teacher and a scientist with several patents and research papers to his credit. As the director general of the centre for development of advanced computing (C-DAC), he has been instrumental in finalising the specifications for Aakas
Till a few years ago, polio was not uncommon in India. But there has not been a single case of polio in the last three years, and India will be declared polio-free in March 2014. Rotary International, the service organisation working for humanitarian causes, has also contributed in large measure to this achievement. Gary Huang, the president-elect of Rotary International, was particularly impre
Women have always been sound financial managers and yet they own only 1 percent of the individual assets in the country. In an interview with Srishti Pandey, Usha Ananthasubramanian, CMD of the newly opened Bharatiya Mahila Bank, the country’s first all-women public sector bank, talks about why it is important to bring out the money kept in the ‘masala dabbas’
Satyapal Singh wanted to become a scientist – he did his MPhil in chemistry – before he joined the IPS (Maharashtra cadre, 1980 batch). Singh’s first posting was assistant superintendent of police of Nasik. He then went on to become the superintendent of police of Buldhana. Prior to taking up the very critical assignment of heading the Mumbai police, he was Maharashtra
In an exclusive interview with Trithesh Nandan,VS Sampath, chief election commissioner explains how the election commission (EC) has ensured that. He also assures us that the EC is not going to lose momentum, and plans are already afoot to ensure more voter participation in the coming Lok Sabha elections. Edited excerpts from the interview: Recent years have witnessed a heart-wa
Surat Police Commissioner Rakesh Asthana is today known as the man who’s made the city a safe place to live. Earlier he was known in the bureaucratic circles as the man who supervised the investigations in the fodder scam cases as the SP CBI, and DIG of the Central Bureau of Investigation (CBI). The 1984 batch Indian Police Service (IPS) officer of the Gujarat cadre became Surat’s t
Set up in 1988, Container Corporation of India (CONCOR) is a miniratna public sector enterprise under the ministry of railways. It provides multi-modal logistics support for domestic and external trade. Its core businesses are cargo carriers, terminal operations and warehouse operations. In an interview with Puja Bhattacharjee, CONCOR chairman and managing director Anil Gupta
Sadanand Dhume, a resident fellow at the Washington-based conservative think-tank American Enterprise Institute (AEI), has co-authored a working paper on the Indo-US relationship – ‘Falling Short: How Bad Economic Choices Threaten the US-India Relationship and India’s Rise’. As the title explains, his argument is that India made some bad choices in the last couple of yea
