-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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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...
More »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 »Farmers propose Bills on loan waiver, fair prices in their own 'parliament' -Vineet Kumar
-Down to Earth More than 180 farmer organisations from across the country proposed Bills related to debt waiver and fair crop prices in a mock parliament On the second day of a protest organised by the All India Kisan Sangharsh Coordination Committee (AIKSCC), farmers from more than 180 farmer organisations across the country proposed a bill each on debt waiver and fair prices for crops. For two days, thousands of farmers had gathered...
More »Money is getting diverted away from small farmers: TISS Agro Economist -NS Vageesh
-The Hindu Business Line Mumbai: The flow of agricultural credit may have increased from ?96,000 crore in 2004 to ?10 lakh crore now; about 18,000 new rural branches have been set up and yet there is an agrarian crisis because of definitional dilusions as well as diversion of funds from the needy small farmers, Professor Ramakumaar, Agro Economist, Tata Insitute of Social Sciences (TISS), said on Monday. He was speaking at...
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