Towards Estimation of the Blue Economy

Mohanty, Saroj Kumar

doi:10.2307/j.ctvgc60f0.10

Cited by 4 publications

(2 citation statements)

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“…The NPAs of priority and non-priority sectors from FY 2010 to 2017, the non-priority sectors performed poorly throughout the selected years. Despite of these evidences the banks extend loans quite easily to the non-priority sectors (Goyal, 2020;Mohanty, 2020). The rapid growth of NPA is also the result of over dependence of corporate sector on PSBs mainly because they provide advances on lesser rate of interests.…”

Section: ) the Causes Of Growing Npasmentioning

confidence: 99%

Harmonizing Liberation Philosophy: Exploring the Convergence of Marxian Economics and Shariah Banking within the Framework of the Indian Banking System

Saldanha

2023

IJRASET

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The Indian banking system evolved from an exclusive private enterprise controlled by a few wealthy families and trusts, leaving the majority reliant on high-interest private lenders, perpetuating economic disparity. Nationalization of 21 banks under Indira Gandhi aimed to rectify this, aligning with India's constitutional goal of equitable wealth distribution. However, globalization and privatization reshaped the landscape, emphasizing profit-seeking and catering to the corporate sector and affluent classes. The marginalized rural and small business sectors suffered in this pursuit, evident in neglected rural branch postings. To address this, an ethical foundation merging Marxist economics and Shariah banking principles is proposed, seeking inclusivity and ethical grounding. Shariah principles, rooted in Islamic law, extend beyond religious boundaries, while Marxist values amplify voices of the marginalized. By combining these principles, a more inclusive, morally anchored, and holistic Indian banking system can be envisioned. The priority sector's Non-Performing Assets challenge can be addressed without jeopardizing inclusivity.

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Section: ) the Causes Of Growing Npasmentioning

confidence: 99%