December 28, 2020 Watipaso Mzungu – Nyasa Times 43 Comments
The Centre for Democracy and Economic Development Initiatives (CDEDI) has questioned the decision by the Governor of the Reserve Bank of Malawi, Dr. Wilson Banda, to keep quiet while officials at the central bank are leaking results of the forensic audit at the central bank.
Dr Wilson Banda Reserve Bank of Malawi Governor
Nyasa Times understands that the central bank has been conducing a forensic audit whose report is supposed to be released in February 2021.
However, some bits and pieces of the findings have already found their way to the social media. This has raised the eyebrows of the CDEDI executive director, Sylvester Namiwa, who suspects that this could be a calculated move targeting specific individuals from one region and tribe.
Breaking News Headlines for Melbourne and Victoria
heraldsun.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldsun.com.au Daily Mail and Mail on Sunday newspapers.
December 24, 2020 Rudo Tarifo - Nyasa Times 76 Comments
In Malawi last Friday, 18th December, someone might have pocketed K27 million as his monthly salary for being a Governor of the Reserve Bank. I hear the new Governor has cut it to K12 million whilst his Directors who receive this fifth poorest economy on the planet get K20 million and they are refusing to go down.
I do not know whether this is propaganda or not. But I am not shocked entirely, that Malawi public funds finances opulence and stinking grandiose. That the Governor after syphoning K27 million a month which is higher that Chairman of the largest economy USA or European country Ireland, they get two official cars- which they will buy for a song, they get free house, school fees, cooks, security, gym and golf membership.
Laying the foundation for faster growth
Updated:
Updated:
December 20, 2020 22:50 IST
The decline in 2020-21 caused by the pandemic can be addressed only if the Indian economy grows at 8% in 2021-22
Share Article
AAA
The decline in 2020-21 caused by the pandemic can be addressed only if the Indian economy grows at 8% in 2021-22
The year that is shortly coming to an end has been an extraordinary one. In recent memory this is the first economic crisis that has been triggered by a non-economic factor. It is a pandemic, a novel coronavirus pandemic, which has literally brought the economy to a halt. The actions that have to be taken to prevent the spread of the virus such as the lockdown have impacted the economy severely. As the restrictions were slowly withdrawn, the economy has also started looking up. This can be seen very clearly from the performance of the Indian economy in Q1 and Q2 of 2020-21. In Q1, the economy declined by 23.9%; it declined by 7.5% in Q2, when the re
Shaktikanta Das, Governor of the Reserve Bank of India stated in a speech that financial inclusion in the country is poised to grow exponentially with digital savvy millennials joining the workforce, social media blurring the urban-rural divide and technology shaping the policy interventions. Going forward, harnessing the near universal reach of bank accounts across the length and breadth of the country, there needs to be greater focus on penetration of sustainable credit, investment, insurance and pension products by addressing demand side constraints with enhanced customer protection. The interventions in financial education would have to be customised (local language and local settings) keeping the different target audience in mind. The scaling up of CFL project across the country at the block level would be the cornerstone of community led participatory approaches in our journey towards greater financial literacy.
vimarsana © 2020. All Rights Reserved.