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Preparing For Cyprus Moment: Centre May Allow Banks To Use Your Hard-Earned Deposits In Case It Collapses -Kumar Shankar Roy

-Outlook Scary Bail-in clause in FRDI Bill cleared by the Union Cabinet in June 2017 allows banks to finance themselves using depositors money. Priding themselves for being 'cash-less' post demonetization last year, some Indians may come face to face with a horrific post-apocalyptic future where they could be deposit-less too. Yes, this could be a reality unless the government of the day removes the unholy 'bail-in' clause that theoretically allows beleaguered banks...

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Govt paid Rs 6,300 per babu for health, but only Rs 1,100 for aam aadmi -Rema Nagarajan

-The Times of India If what the central government spends on providing healthcare for its own employees is a measure of what decent healthcare costs, what governments (central and states put together) spend for the ordinary citizen is a paltry sixth of that amount. The recently released National Health Accounts (NHA) 2014-15 shows that the average government spend per citizen per year was just Rs 1,108, against almost Rs 6,300 per...

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Sedition in India: Only two of 112 cases registered between 2014 and 2016 resulted in convictions -Abhishek Dey

-Scroll.in ‘The primary reason for the abysmally low conviction rate for sedition cases is that the law is misapplied,’ said senior advocate Sanjay Hegde. The Indian police registered 112 cases of sedition across the country between 2014 and 2016, but only two have led to convictions, according to a report released by the National Crime Records Bureau on Thursday and a government statement in Parliament last year. The National Crime Records Bureau’s annual...

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Concern over bail-in -Jayanta Roy Chowdhury

-The Telegraph New Delhi: Politicians of various stripes have started to raise red flags about a provision in a bill that the Narendra Modi government intends to move in the Lok Sabha in the upcoming winter session, which could theoretically allow beleaguered banks and financial institutions to scoop up depositors' money to stop them from going bust. It is called a "bail-in" - a concept coined during the European banking crisis of...

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19,732 projects under Saansad Adarsh Gram Yojana completed

-IANS NEW DELHI: As many as 19,732 projects as part of the village development plan under the Saansad Adarsh Gram Yojana (SAGY) have been completed and another 7,204 were under implementation, an official statement said on Tuesday. The objective of the programme is improving access to public services and community action for social and economic development in the selected gram panchayats so they become role models worth emulation by neighboring gram panchayats. "An...

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