Dr.T.V. Gopalakrishnan , Mumbai , says: Cancellation of licenses will not impact FDI inflow in telecom. On the contrary it adds to the credibility to the system that malpractices will not be toleated and there will be ethics and standards in the economy for FDIs to invest and benefit. This should be welcome by all genuine investors who believe in doing business with transparency,honesty and accountability.
3 Feb 2012, 1948 hrs IST
(This appeared in ET dt3/2/12).
Showing posts with label Banking Licence. Show all posts
Showing posts with label Banking Licence. Show all posts
Friday, February 3, 2012
Monday, January 23, 2012
Dr.T.V.Gopalakrishnan , Mumbai , says: NO.Aviation industry requires structural changes and it cannot be set right by permitting FDI.Air India and King Fischer are made sick by total mismangement and fresh investments whether by way of FDI or otherwise will only help help good money chasing bad investment and negative return. Entire aviation system and its operations need to be thoroughly revamped as they suffer not due to paucity of funds but due to lack of accountability in utilising public funds both from the Govt and the banking system. it is better to understand the issues involved in aviation industry and then think of reviving them with or without FDI.
23 Jan 2012, 1809 hrs IST
(This appeared in ET e paper dt23/01/12)
23 Jan 2012, 1809 hrs IST
(This appeared in ET e paper dt23/01/12)
Thursday, August 25, 2011
Issue of Banking Licence to Corporate Sector
Dr.T.V.Gopalakrishnan (Fort worth, Texas.)
25 Aug, 2011 09:00 AMThe editorial is very apt and to the point. The Governor's concern on the issue of banking Licences to corporates is genuine and justifiable. As it is, the banking sysytem in India is fairly sound, healthy and competitive. Ownershipwise, banks are reasonably well distributed and owned by government, public and private sector, private sector and Cooperative sector and their working has been by and large satisfactory catering to all segments of the economy. In case corporate sector steps in, it may distort the functioning and the present laws will not be adequate to regulate it effectively. Besides, in case Corpo rate sector enters the field,Financial inclusion which has not taken off well in the absence of active involvement of private sector,will become a major casuaty and agricultural sector will continue to suffer further. Tax payers money will have to come to the rescue of many segments if corporates enter banking . Prevention is better than cure should be the approach. Hope wisdom will prevail. The Govt cannot afford to ignore the lessons from past history of banking in the 1960s and the compulsions for nationalisation of banks in !969 and 1980. Let us not experiment again by allowing corporates to set up banking.
(This appeared in ET,dated 25/08/11)
25 Aug, 2011 09:00 AMThe editorial is very apt and to the point. The Governor's concern on the issue of banking Licences to corporates is genuine and justifiable. As it is, the banking sysytem in India is fairly sound, healthy and competitive. Ownershipwise, banks are reasonably well distributed and owned by government, public and private sector, private sector and Cooperative sector and their working has been by and large satisfactory catering to all segments of the economy. In case corporate sector steps in, it may distort the functioning and the present laws will not be adequate to regulate it effectively. Besides, in case Corpo rate sector enters the field,Financial inclusion which has not taken off well in the absence of active involvement of private sector,will become a major casuaty and agricultural sector will continue to suffer further. Tax payers money will have to come to the rescue of many segments if corporates enter banking . Prevention is better than cure should be the approach. Hope wisdom will prevail. The Govt cannot afford to ignore the lessons from past history of banking in the 1960s and the compulsions for nationalisation of banks in !969 and 1980. Let us not experiment again by allowing corporates to set up banking.
(This appeared in ET,dated 25/08/11)
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