-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...
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FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
More »Whitefly destroys 2/3rd of Punjab's cotton crop, 15 farmers commit suicide -Subodh Varma & Amit Bhattacharya
-The Times of India BATHINDA: "It was just like the Japanese air strike in the film, Pearl Harbour," said Naresh Kumar Lehri, a seed and pesticide dealer at Singho village in Punjab's Bathinda district. "They appeared out of nowhere and left a trail of destruction." Lehri was referring to the devastating attack by whitefly, a common pest, on the cotton crop in Punjab's Malwa region this year. It has affected about two-thirds...
More »Debt, despair and death as farm crisis deepens -Sarbjit Dhaliwal
-The Tribune Grains Of Discontent: The damage to wheat crop due to untimely rain and hailstorm, followed by delayed payments, this rabi season has further stressed Punjab’s farmers. While the cost of farm inputs has risen manifold over the past few years, the profit margin is on a constant decline, thus making farming unviable. Unable to bear losses, several farmers have committed suicide in recent past As the day breaks, he enters...
More »Highlights of Union Budget 2015
-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...
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