-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...
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Green nod must for realty projects: NGT -Jayashree Nandi
-The Times of India NEW DELHI: The National Green Tribunal has shelved Delhi Development Authority's new building bylaws which exempt realty projects from undergoing environment impact assessment (EIA). In a detailed judgment dated December 8, published on Wednesday, NGT also stayed the Union environment ministry's notification of December 9 which exempted real-estate projects (up to 1,50,000 sq m built-up area) in the country from undergoing EIA and obtaining environmental clearance (EC). Aimed at...
More »In parched Bundelkhand, a new burden for farmers: Build fences to keep cattle out -Harish Damodaran
-The Indian Express Gauraksha is fine, but who will protect our crop from stray cattle, ask farmers. Jhanshi: With Rs 1.5 lakh, a farmer can buy three Holstein Friesian crossbred cows, each giving 4,000 litres or more of milk annually. But Rs 1.5 lakh is roughly what Bhupendra Patel has spent on fencing his 10-acre farm at Dhawari village in Jhansi district’s Tahrauli tehsil. The seven-feet-high barbed-wire enclosure is only to prevent...
More »China accounts for 66 per cent of India's bulk drug imports in FY'17
-PTI NEW DELHI: India's bulk drug imports from top five countries stood at Rs 18,372.54 crore in 2016-17 with China accounting for 66 per cent, Parliament was informed today. In a written reply in Lok Sabha, Minister of State, Chemicals and Fertilisers Mansukh L Mandaviya said the other four major countries from where India imports bulk drugs are Germany, the US, Italy and Singapore. India's import of active pharmaceutical ingredients (API) from China...
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....
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