-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
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90% blind IAS officer gives 100% to his job -Alok K N Mishra
-The Times of India The person who finalised recruitment rules pending for about 30 years in a civic body, made it possible for hundreds of employees to be promoted and leads work on improving the ranking of South Delhi Municipal Corporation in Swachh Survekshan 2018 is an IIM graduate. He is also 90% blind. Aman Gupta, a 2013 batch IAS officer of the AGMUT (Arunachal Pradesh-Goa-Mizoram-Union Territories) cadre, works with the assistance...
More »Time to go to FRDI Bill's roots -Rajrishi Singhal
-Livemint.com Controversy around the bail-in clause aside, FRDI Bill’s clauses 58 and 62(1) regarding governance of a firm declared critical are inherently conflicting Much has been said and written about the Financial Resolution and Deposit Insurance Bill, 2017. The FRDI Bill was scheduled for discussion in Parliament this winter session but will now have to yield to more immediate concerns such as the Gujarat election results and the Central Bureau of Investigation...
More »Surat Municipal Corporation starts converting organic waste to compost
-The Times of India SURAT: Surat Municipal Corporation (SMC) has started the process to convert organic waste generated in the city to compost and vermin compost. Small plants are being set up at municipal vegetable, flower and fruit markets in the city. SMC has set up 10 small organic waste converter plants to process dry leaves, rotten vegetables, fruits and flowers to compost. These plants which have capacity up to 200 kg...
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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