-The Telegraph Calcutta: Economist Kaushik Basu on Friday regretted the rise of a "narrow-minded" approach and "hatred" in the country. Basu, the C. Marks professor of international studies and professor of economics at Cornell University, made the observation while delivering a lecture on"economics and morality" in memory of Swami Lokeswarananda of the Ramakrishna Mission. "In today's India, we are getting narrow-minded. There is hatred among people," rued the former chief economist of the...
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FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
More »FRDI: Grossly at Odds with the Indian Financial System -Sucheta Dalal
-MoneyLife.in The government’s penchant for painting all legitimate questions about its faulty policy-making as scaremongering or anti-national is getting rather irksome. Prime minister Narendra Modi (at the FICCI annual general meeting) and finance minister Arun Jaitley have both responded to fears over the implications of the Financial Resolution and Deposit Insurance Bill (FRDI Bill) , 2017, by lashing out at critics and reassuring people that the government will protect bank deposits....
More »A Dangerous Bill on Banks: Where Depositors Are Made to Pay For Corporate Defaulters -Prabhat Patnaik
-TheCitizen.in FRDI BIll will do irreparable damage to yet another institution of Indian economy NEW DELHI: The BJP government, it appears, cannot remain content without inflicting irreparable damage on the institutions of the Indian economy. Its latest move in this direction is the Financial Resolution and Deposit Insurance (FRDI) Bill which was introduced in Parliament on the last day of the winter session and is now with a Select Committee. What this Bill...
More »Poor social indicators must make Gujarat rethink its growth model
-Down to Earth Shockingly, the state’s infant mortality rate is worse than Jharkhand; it also has the fourth lowest teacher student ratio in the country “Social development indicators have not been able to keep pace with economic development in this state of over 60 million people," UNICEF had observed about Gujarat back in 2013. Four years later, Maitreesh Ghatak of London School of Economics writes about Gujarat’s development model: “When it...
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