-The Hindu Business Line The Centre and the JPC must allay depositor concerns on bail-in, in the FRDI Bill There is furious public debate around the Financial Resolution and Deposit Insurance (FRDI) Bill tabled in August and now under the scrutiny of a Joint Parliamentary Committee. The Bill seeks to lay down a clear resolution mechanism for banks and financial firms in the case of default and this is welcome. But there’s...

-The Indian Express Government is prioritising savings over MGNREGA and rights of the poor. Rambeti from Sitapur, Uttar Pradesh, graphically described the predicament of MGNREGA workers like her in a recent press conference in Delhi. “The government repeatedly states that it will not let us die of starvation. But the truth is, it does not allow us to live either.” That is a terrible evaluation of MGNREGA — a landmark legislation enacted...

-The Hindu Business Line It was a gratuitous and direct assault on the informal sector by the state The retrospective defence being provided by the Government for its act of suddenly demonetising 86 per cent of the country’s currency is as mindless as the act itself. The main argument for demonetisation that was advanced a year ago was that ‘black money’-holders would not dare to bring their demonetised currency to the banks;...

-Newsclick.in After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetised in November 2016, came back to the banking system. After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetised in November 2016, came back to the banking system. The total value...

-NDTV In his maiden appearance after being named Uttar Pradesh chief minister, Yogi Adityanath proclaimed that his Bharatiya Janata Party (BJP) government would maintain a laser-like focus on the twin themes of combating corruption and restoring law and order. "In the past 15 years," Adityanath noted, "UP lagged behind in the race of development as previous governments indulged in corruption, nepotism, and failed on the law order front." Indeed, one of...