-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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In last 10 years, Parliament passed 47% bills without debate -Mohua Chatterjee
-The Times of India NEW DELHI: At a time when a delayed schedule for this year's winter session of Parliament is a matter of discussion in political circles, an examination of records shows that 47% of bills in the last 10 years were passed without any debate. There has also been a steady reduction in parliamentary hours, a comparison with records of the first 20 years since 1952 show. Between 1952 and...
More »India to seek permanent solution to food stock issue at WTO
-PTI Buenos Aires: Commerce and Industry Minister Suresh Prabhu has said that a permanent solution to the public stockholding of food stock is a "must have" at the 11th ministerial conference of the World Trade Organisation (WTO) which begins here today. The permanent solution, the minister said, should also cover the current as well as future programmes of all developing member countries and LDCs as it concerns the livelihood of millions of...
More »India's Millets Makeover: Set To Reach Poor, School Meals -Charu Bahri
-IndiaSpend.com So far, only a few states such as Karnataka and Tamil Nadu had made available millets and that too only in certain pockets. The union government proposes to include coarse grains such as jowar (sorghum), bajra (pearl millet) and ragi (finger millet) in the mid-day meal programme in schools and also distribute it through the government subsidised food programme, the public distribution system (PDS), agriculture secretary SK Patnaik said recently. This announcement...
More »Needs a rethink
-The Hindu Business Line The Centre and the JPC must allay depositor concerns on bail-in, in the FRDI Bill There is furious public debate around the Financial Resolution and Deposit Insurance (FRDI) Bill tabled in August and now under the scrutiny of a Joint Parliamentary Committee. The Bill seeks to lay down a clear resolution mechanism for banks and financial firms in the case of default and this is welcome. But there’s...
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