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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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Banks can wipe out your money -BR Muralidharan

-Deccan Chronicle Bail-in clause in the proposed law can make you lose your rights on your bank deposits. As part of a host of banking reforms, the Central government has approved a bill in June 2017 to enact a new law framing rules for the resolution of failing banks, whose details that surfaced on social media made all bank depositors a worried lot. If the government goes ahead with this move, it...

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A Comprehensive Guide From RBI on How 'Not' to Lend to Farmers -Bodapati Srujana

-Newsclick.in This might help understand why there is a huge gap between the amount of loans banks claim they have given to the farmers and the amount that is actually received by the farmers. If you ever find yourself with time on your hands, and don’t know what to do with it – here is something that you can do. Just go to the website of Reserve Bank of India, and search...

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Farmers propose Bills on loan waiver, fair prices in their own 'parliament' -Vineet Kumar

-Down to Earth More than 180 farmer organisations from across the country proposed Bills related to debt waiver and fair crop prices in a mock parliament  On the second day of a protest organised by the All India Kisan Sangharsh Coordination Committee (AIKSCC), farmers from more than 180 farmer organisations across the country proposed a bill each on debt waiver and fair prices for crops. For two days, thousands of farmers had gathered...

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Farm policies for India -Ajay Vir Jakhar

-The Indian Express Union government must address structural issues in agricultural policy, allow states greater autonomy. Farmers from across the country are out on Delhi’s streets agitating just as the deliberations for the 2018 budget are beginning and it’s time to seek solutions to the structural issues that plague the system. The “one-size-fits-all” policy created for the farm sector is self-destructive in design and programmes meant to double farmer incomes are collapsing. The...

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