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UP is Shifting the Burden of Inefficient Power Companies Onto its Most Disenfranchised Citizens -Kabir Agarwal

-TheWire.in While the hike in power prices will increase rural distress, many farmers believe the move is particularly cruel because the quality of rural power supply hasn’t improved. Garhmukteshwar (Uttar Pradesh): Voting in the civic polls of Bhartiya Janata Party (BJP)-governed Uttar Pradesh (UP) concluded on November 29. A day later, a huge power tariff hike of up to 150% for rural consumers was announced in the state. While the tariff hike,...

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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...

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Govt unlikely to table FRDI Bill in budget session of parliament

-PTI The joint committee on the FRDI Bill has been granted an extension of time up to the last day of Budget Session 2018, speaker Sumitra Mahajan informed the Lok Sabha New Delhi: The Financial Resolution and Deposit Insurance Bill, or FRDI Bill, may not be introduced in Parliament even during the budget session, as the joint committee looking into it got an extension for submitting its report. Lok Sabha speaker Sumitra Mahajan...

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Lack of transparency plagues India's new insolvency and bankruptcy regime -Nitin Sethi

-Scroll.in A year after its launch, the new process that handles the recovery of crores of rupees of unpaid corporate debt is shrouded in opaqueness. India’s new insolvency and bankruptcy regime has been functioning for a year without any disclosure norms or mandatory transparency regulations. In the first year of its application, the regime is already dealing with more than 450 cases that add up to thousands of crores of rupees...

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2 women harassed at workplace daily in 2017: Panel -Chethan Kumar

-The Times of India BENGALURU: Officially, about two women were harassed at their workplace in India every day so far in 2017, with the National Commission for Women (NCW) receiving an average of 1.7 complaints per day. In the 316 days between January 1 and December 12, the commission received 539 complaints, 60% of which were from five states: Uttar Pradesh, Delhi, Maharashtra, Madhya Pradesh and Haryana. However, the cases reported to...

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