-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
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Immunise your children or you won't get food rations: Uttar Pradesh district threatens poor families -Priyanka Vora
-Scroll.in Administrations are not supposed to cut off rations but health officials seem to think that the threat will work. Experts denounce the measure. “Tikkakaran nahin toh khadyadhan nahin.” No vaccination, no ration. Rajwanti Devi Jaiswal, an Accredited Social Health Activist or ASHA in Uttar Pradesh’s Bahraich district repeated the slogan so often that it sounded like a chant. The district has one of the lowest child immunisation rates in India –...
More »Poor social indicators must make Gujarat rethink its growth model
-Down to Earth Shockingly, the state’s infant mortality rate is worse than Jharkhand; it also has the fourth lowest teacher student ratio in the country “Social development indicators have not been able to keep pace with economic development in this state of over 60 million people," UNICEF had observed about Gujarat back in 2013. Four years later, Maitreesh Ghatak of London School of Economics writes about Gujarat’s development model: “When it...
More »Rural workers of Jharkhand demand their rights
-Right to Food Jharkhand Ranchi (Jharkhand): Close to 1,000 NREGA workers and other rural labourers converged to Birsa Chowk from 12 districts of Jharkhand today and sat on dharna to protest against repeated attacks on their right to food and right to work. The event was jointly organised by Right to Food Campaign Jharkhand and NREGA Watch. The dharna was prompted by a series of recent starvation deaths in Jharkhand. The...
More »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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