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Banking sector is stressed, govt in no position to Bail it out: Abhijit Banerjee

-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the government is in no position...

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Why are people on streets? Delhi judge tells it like it is

-The Telegraph/ PTI Sessions judge Kamini Lau's comment in focus A court has said people are out on the streets as what should have been said inside Parliament was “not said”. Additional sessions judge Kamini Lau made the observation during the Bail hearing of Bhim Army chief Chandrashekhar Azad, who was arrested during a recent rally in old Delhi against the Citizenship (Amendment) Act (CAA). Azad has a constitutional right to protest and Delhi...

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35 detention centres ready for illegal immigrants, state tells Karnataka HC

-The New Indian Express 612 cases registered against illegal immigrants; foreigners to be looked after well till they are deported BENGALURU: The state government on Thursday informed the Karnataka High Court that it has identified a total of 35 detention centres in all districts to house illegal immigrants after their release on Bail, or completion of sentence. State Public Prosecutor (SPP)-II made a submission to that effect before Justice KN Phaneendra, during the...

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Centre plans new FRDI Bill, hike in deposit insurance -Madhusudan Sahoo

-The Asian Age The source further said DICGC has proposed to hike deposit insurance to Rs 3 lakh from Rs 1 lakh, depending upon the demands of circumstances. New Delhi: With several financial institutions in the country standing on the edge of distress, the Central government is likely to increase insurance cover for bank deposits. Currently, only Rs 1 lakh deposit of each customer is issured. The Finance Ministry is also mulling to...

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Explained: How Rajasthan, Madhya Pradesh propose to check lynching -Milind Ghatwai & Hamza Khan

-The Indian Express The Rajasthan Protection from Lynching Bill, 2019 makes mob lynching a cognisable, non-Bailable and non-compoundable offence punishable with life imprisonment and a fine up to Rs 5 lakh. Bhopal, Jaipur: On Monday, the Rajasthan Assembly passed a new law against mob lynching. Another Congress government, in Madhya Pradesh, recently introduced a Bill that seeks to curb cow vigilantism. The State Law Commission in BJP-ruled Uttar Pradesh, meanwhile, has...

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