Discover and read the best of Twitter Threads about #CronyCapitalism

Most recents (5)

Is it possible to "dramatize" even a #War against any #Country to stop their businessmen from having any access to #Indian #5G #Market?!

Is this entire #Drama of #War against #China & #AtamNirbharBharat is to keep #Huawei #5G out of India till #MukeshAmbani captures the Market?
Is , in the guise of #AtamNirbharBharat, the King of #CronyCapitalism in #India, conspiring to centralize whole Indian Money & Market in the Hands of his favourite State Players?

Is #AtamNirbharBharat ONLY against one country, or against all other Foreign Investors as well?
Read 5 tweets
state-owned banks. have an important social objective—to meet the needs of the most vulnerable sections of the economy. Does Private Banks do that ?
PSBs are directed and obligated to help weaker sector despite huge loss, No private Bank would invest in it.
#StopPrivatization
PVTsn makes mngmnt more accountable to markets ✅
But
➡️PSBs,having been partially privatized since 92 banking sector reforms,are already subject to stock-market discipline-including corporate disclosures & regular audited financial reports.
➡️mngmnt is already accountable
2/n
➡️PVTsn would foster competition which would reduce cost of financial intermediation & improve bank profitability✅
BUT
➡️it is unclear how a change in ownership from gov to private hands would increase competition if the number of participants in the industry remain the same
3/n
Read 10 tweets
This is your daily pension announcement: Part one, the AIMCO backstory and evaluation of their governance and cost structure. I have got such a rage on today there might be several parts. Bob Ascah's blog is our starting point. #AbLeg #handsoffmypension

abpolecon.ca/2017/03/11/bab…
He remains a Fellow of the Institute for Public Economics after a long career at the University of Alberta, ATB, and the Alberta Treasury. May I remind you now that Travis and AIMCo's current strategy is to hope this mess will die down. #itwont #SpoilerAlert
Now, this blog post is from 2017 so it is a bit dated. Remember the other day when I tweeted about how the ATRF and LAPP moves were supposed to make us more like BC? BCIMC specifically? And, that was 💩💩💩 because retirement funds like BC Teachers can leave BCIMC at anytime?
Read 11 tweets
The recent order by the Supreme Court (thehindu.com/news/national/…) in the #ForestRightsCase risks reversing hard won recognition of rights for India’s forest dwellers. Thread (1/10)
The case was brought by a group of conservation organisations that question the constitutional validity of the #ForestRightsAct, reflecting an old and discredited paradigm of #FortressConservation. thehindu.com/opinion/lead/w… (2/10)
A number of us wrote an open letter to these organisations in 2014, pointing out the risks of this petition for the conservation cause in India, and inviting them to withdraw the case. forestrightsact.com/2014/04/06/joi… (3/10)
Read 10 tweets
So journalists doing stories after printing views of every side in the #Aadhaar debate is labelled as "activism". As if "activism" is a bad thing. But, here are a few questions for @Product_Nation and it's volunteers #Thread
1. Is it a #Conflict of #Interest when you use public money to build a system and then create or join private corporations to draw business from that very system?
2. Can you serve as a GoI employee and also serve on boards, companies that are drawing knowledge, business, profits from what you are building from inside the Government? #Aadhaar #CronyCapitalism
Read 14 tweets

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