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Public Sector Bank Employees in India: Work Pressure, Key Issues, Strike Deferment and Comparison with Private Banks

  1. Introduction Public sector banks (PSBs) play a vital role in India's economic development. They provide banking services across urban, semi-urban and rural areas, implement government-sponsored financial inclusion programmes, extend agricultural and priority-sector credit, distribute welfare benefits and support small businesses and weaker sections of society. However, the responsibilities of public sector bank employees have increased considerably. Along with traditional banking activities, employees must handle digital transactions, customer grievances, regulatory compliance, loan processing, recovery, government schemes, business development and various reporting requirements. The central issue is not simply the number of hours spent at the workplace. It is the combination of workload, staff availability, business targets, administrative responsibilities, customer expectations and accountability. These concerns have contributed to demands from bank unions for better working...
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A Long Break from Blogging: Life, Work, and the Things We Leave Behind

It has been years since I last published something on this blog. Time seems to have passed so quickly that I hardly realised how long I had been away from this little space of mine. What once felt like a regular part of my life slowly became something I kept postponing, always thinking that I would return when things became a little less hectic. But life had other plans. When Work Takes Over Everything Over the past year, my work commitments have kept me extremely busy. There have been days filled with responsibilities, deadlines, challenges, and countless things that needed my immediate attention. Even when the working day came to an end, there were often other matters waiting to be handled. In the middle of all these responsibilities, personal interests and hobbies gradually moved to the background. Blogging, which was once a way to express my thoughts, share experiences, and put ideas into words, became one of those things I kept telling myself I would do later. "Let me finish ...

BUDGET 2022

BUDGET 2022 QUICK SUMMARY DEFICIT/EXPENDITURE 1. Proposes fiscal deficit of 4.5% of GDP by 2025/26 2. Projects fiscal deficit of 6.4% of GDP in 2022/23 3. Revised fiscal deficit for 2021/22 at 6.9% of GDP 4. Total expenditure in 2022/23 seen at 39.45 trillion rupees 5. States will be allowed 4% fiscal deficit to GDP in FY23 6. 50 year interest free loans over and above normal borrowing allocated to states 7. Scheme for financial assistance to states for capital investment outlay to be 1 trillion rupees in 2022/23 TAXATION 1. Import duty on certain chemicals are being reduced 2. Customs duty exemption on steel scrap to be extended for another year for small- and medium-sized businesses 3. Customs duty on stainless steel, flat products, high steel bars to be revoked 4. Unblended fuel to get additional duty of 2 rupees per litre from October 2022 FINANCE 1. Emergency credit line guarantee scheme for small and medium sized businesses to be extended to March 2023 2. Energy transition and cl...

Economic Survey released before Budget : Points

Indian economy is expected to witness real GDP expansion of 9.2% in 2021-22. Agriculture and allied sectors have been the least impacted by the pandemic and the sector is expected to grow by 3.9% GVA of Industry (including mining and construction) will rise by 11.8%. Indian economy is in a good position to witness GDP growth of 8.0-8.5% in 2022-23. Foreign exchange reserves at US$ 634 bn on 31st Dec 2021. This is equivalent to 13.2 months of merchandise imports & is higher than the country’s external debt India’s CPI inflation at 5.6% Economic output surpasses pre-covid levels. Agricultural sector was the least impacted by the pandemic-related disruptions. Revival in the Indian residential real market in 2021 in terms of growth in sales, prices and new launches. Hotel occupancy rate has recovered substantially, reaching 56-58% in October 2021, from 30-32% in April 2021. Boom in software & IT-enabled services exports even as earnings from tourism have declined sharply...

Inflation

 Its a forwarded message received : Source unknown I nflation was never a Problem Before Like it is Now. It is at 40-years High of 7% - Nearly 4 times above the Fed's Target of 2%( Actual Inflation might Be in Double Digits Above 10%) Stock Market were Never as humongous overvalued before as they are Now. Refer Market cap/Gdp Ratio. Just like Mother Nature , Economics and Stock Market Should be Allowed to function freely. Else we see the Earthquakes and Tsunamis. FED cannot Print endlessly and Make people Rich, This will have an ugly End. Japan is 30% Below its 1989 Highs- More than three Decades Investors waiting to get back the invested money  !!  China is 45% below its 2007 Highs - More than a decade and Investors do not even have 50% Left of What they Invested  !!  If the above is not an eye Opener - I wonder What  !!  Those Who are arguing about the Bright Future of Indian Economy, potential Growth etc Bla Bla - Remember China and Japan were not S...

The new Silver Story

 Silver is coming into the limelight for the past few weeks. Three major fund houses started Silver ETFs after SEBI amended rules to introduce it. So will you make it as a part of your portfolio?  The prime objective of adding it into your portfolio is to diversify your portfolio and hence it should have lower correlation with other asset classes such as equity and bond. But.. Silver in the last 40 years generated negative annualized return of 1.14% in $ terms. Most of the rise are in lumps and is not constant. Silver has maximum drawdown of 90% in the past and annualized volatility of arounf 25%. What it means? It reflect high risk nature. Its very cyclical in nature and only very experienced investors or traders can understand the nature. So if you don't know, better avoid.