-ThePrint.in The dip in forex reserves has been due to the intervention of the central bank to arrest the slide in the rupee. New Delhi: India’s foreign exchange reserves have fallen by about $2 billion per week for seven weeks now but top government officials said they were monitoring the trend and there is no cause for alarm. Economic affairs secretary Subhash Chandra Garg said funds would be raised through foreign currency non-repatriable...

-The Telegraph New Delhi: Politicians of various stripes have started to raise red flags about a provision in a bill that the Narendra Modi government intends to move in the Lok Sabha in the upcoming winter session, which could theoretically allow beleaguered banks and financial institutions to scoop up depositors' money to stop them from going bust. It is called a "bail-in" - a concept coined during the European banking crisis of...

-The Indian Express In the implementation of the Pradhan Mantri Jan Dhan Yojana, public sector banks and regional rural banks have opened 29.13 crore accounts as against 96 lakh accounts by the private banks. Chennai: The All India Bank Officers Confederation (AIBOC), the largest body representing over 3,25,000 officers, opposed the Centre’s move making Aadhaar mandatory and forcing bank officers to do Aadhar seeding. When the matter is subjudice in the...

-The Hindu ‘Time to build consensus on not making such poll promises’ Reserve Bank of India Governor Urjit Patel on Thursday stressed the need for building a national consensus on loan waiver schemes. Addressing a press conference here, he said this was needed so that promises such as loan waivers are not made during elections. “We need to create consensus so that such loan waiver promises are eschewed. Otherwise, sub-sovereign fiscal challenges in...

-The Hindu A little used provision in the Constitution may hold the key to protecting the interests of Scheduled Tribes as they fight to hold on to their traditional lands Even 67 years after Independence, the problems of Adivasi communities are about access to basic needs. These include, but are not restricted to, elementary education, community healthcare, sustainable livelihood support, the public distribution system, food security, drinking water and sanitation, debt, and...