-The Indian Express As the government tries to allay swirling apprehensions, The Indian Express explains the background, aims and rationale of the proposed new FRDI law. Some provisions of The Financial Resolution and Deposit Insurance Bill, 2017, popularly referred to as the FRDI Bill, which was tabled in Parliament this August, have given rise to concerns over protection for bank deposits in the proposed law. An online petition against the Bill — “Do not...
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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...
More »Deceased farmers' kin march to Delhi to find their voice -Nikita Doval and Sayantan Bera
-Livemint.com Hundreds of farmers came to Delhi to tell their stories, but their problems are similar: crop failures, rising debt, losses from farming due to low crop prices leading to suicides New Delhi: A copy of the Telugu daily Sakshi, dating back to 2015, is M. Lakshmi Devi’s constant companion. The newspaper, a part of which is stained by tea, contains a report about the suicide of a debt-burdened farmer—her husband. “We had...
More »Drought and now pest attacks: Double danger stalks Odisha's rice fields, its farming mainstay -Priya Ranjan Sahu
-Scroll.in A severe shortage of government-distributed pesticides aggravated the crop loss from attacks by brown planthoppers. A twin calamity has struck farmers in Odisha in recent weeks. A moderate to severe drought has affected paddy crops on more than 3.1 lakh hectares of land in over 6,000 villages across 15 districts. In addition, an attack by brown planthoppers – insects that feed on rice plants – has destroyed paddy fields on...
More »Avoid the adventurous path -M Govinda Rao and C Rangarajan
-The Hindu Any aggressive attempt to widen the fiscal deficit will land India’s economy in problems The sharp deceleration in the growth of the economy as revealed by the first quarter estimate of GDP released a month ago has been widely commented upon. The policy prescriptions needed to reverse the trend depend on our understanding of the factors responsible for the slowdown. Among other things, one factor that stands out is the...
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