Understanding India's Banking Sector | Safety, Regulation, and Vulnerability
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- čas přidán 8. 07. 2024
- Join Shweta Punj as she delves into the critical role of the banking sector in India's economy. How safe are our banks? What is the role of our regulator? How vulnerable is the Indian Banking sector? Prasanna Tantri, Associate Professor at the Indian School of Business, provides insights into key aspects such as infrastructure funding, loan restructuring, and the impact of policy decisions on the banking landscape.
#banking #india #businessnews
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Hi, Prasanna Tantry, M. Nagesh Kini, Proud of your progress, wish you achieve more Accolades in your stride
Prasanna, you are a banking expert. However, I have an out of the box “crazy” proposal and amid banking complexities, it may not be easily understood or acceptable. But here it is for your comment:
FWD: “If the finance minister or the prime minister is reading this, here is my out of the box thought:
Let the treasury issue mortgage loans of $10 trillion at 5% annual interest. This will generate $500 billion/yr in revenue. If I understand it correctly current personal income tax collection amount is $120 billion/yr.(960,764 crore Rupees). Treasury will then have revenue of more than 4 times the personal income tax collection. This should not only eliminate the personal income tax but also enable many social reforms. Black money system will likely disappear as no requirement to file an income tax. India will attract massive foreign and domestic capital investment to boost the economy. Clean up slums and provide low cost housing for the poor, hence, no homeless!” 5:13
And how do you plan to manage the extreme inflation that would arise due to this?
@@z2zugzwang, good question. Inflation can be controlled by sales tax.
After watching this , My hatred towards congress increased by many folds