-The Hindu Business Line Bonds to make up for shortfall being considered New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism. The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors’ monies in troubled banks, while providing higher protection to them, sources...
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How PDS can be made effective through better governance -Anjani Kumar and Seema Bathla
-The Financial Express The Odisha experience shows that PDS can play a pivotal role in bringing convergence and making India’s two important missions—food and nutrition security—successful in a short time. New Delhi: India’s public distribution system (PDS) is the largest food security programme in the world, which covers nearly 60% of the population and costs Rs 1.45 trillion—close to 1.4% of the national income. PDS has often been criticised for its structure,...
More »Private school fee regulation law constitutionally valid: HC
-PTI AHMEDABAD: In a relief to parents of children studying in private schools, the Gujarat High Court today said the state government's law to regulate fees was constitutionally valid. Rejecting around 40 petitions opposing it, a division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi upheld the Gujarat Self Financed Schools (Regulation of Fees) Act, 2017. The court ruled that state legislature is competent and has the authority to...
More »Lunch thali for Rs 10: BJP civic bodies seek way to voters' hearts -Paras Singh
-The Times of India NEW DELHI: A whole meal for 10 bucks may sound unrealistic in today's world but subsidised food has been a popular poll promise of almost all political parties. Taking a cue from the popularity of "Amma canteens" in Tamil Nadu, civic bodies in the capital, too, rolled out half a dozen "Atal Aahaar Kendra" centres on Monday, former Prime Minister Atal Bihari Vajpayee's birthday, which will dole...
More »Govt's ambitious fertilizer subsidy reform plan -R Sree Ram
-Livemint.com Overall, while the government is trying to reform the fertilizer subsidy payment mechanism, the challenge is to make sure the new system works before implementation Union minister for chemicals and fertilizers Ananth Kumar’s ambitious plan to clear the fertilizer subsidy backlog before the implementation of the direct benefit transfer (DBT) scheme next fiscal year (FY19) has come as surprise to many. The huge subsidy backlog (estimated at Rs35,000 crore as of FY17)...
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