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FRDI Bill: Dispelling some myths about bail-in and other issues to allay depositors' concerns -Shohini Sengupta

-Firstpost.com The Financial Resolution and Deposit Insurance (FRDI) Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency. The 'Resolution Corporation', proposed in the draft bill, would look after the process and prevent the banks from going bankrupt. It would do this by "writing down of the liabilities", a phrase some have interpreted as a...

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Health tips -K Sujatha Rao

-The Indian Express Instead of cancelling hospital licences, bring in patient centric laws, institutional capacity to enforce them. The grievous error in declaring a live baby dead by the capital’s Max hospital, following closely on the heels of Fortis hospital charging exorbitant amounts for the treatment of a seven-year-old child diagnosed with dengue, seem to have pushed things to a tipping point. The government responded by cancelling the licence of Max — a...

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FRDI Bill: Understanding the basis of bail-in, and depositors' fear -Shaji Vikraman

-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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For India, the fight at WTO will be about food security -Sachin Kumar Jain

-Down to Earth India needs to find a permanent solution to the problem of public stock holding, as it is a matter of survival for hundreds of millions people During the negotiations for WTO Agreement on Agriculture in 2001, India raised concerns over food security and flexibility that developing nations must have when it comes to providing subsidies to key farm inputs. Seventeen years have passed since then and countries like...

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Government eases norms as Dr. Ambedkar Foundation Scheme for Inter-Caste Marriages fails to take off -Rakesh Dubbudu

-Factly.in Encouraging Inter-Caste marriages is one of the ways by which the Government aims to reduce caste prejudice and caste based discrimination. The Ministry of Social Justice & Empowerment has been funding a centrally Sponsored Scheme where in Central assistance is provided to the State Governments and Union Territory Administrations, towards incentive for inter-caste marriages, where one of the spouses belongs to a Scheduled Castes. This scheme was part of the...

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