-The Financial Express If you are a risk-averse investor and have been banking on small savings schemes for the purpose of saving and investment as well as building your retirement nest egg, then there is some bad news for you. For, the government has reduced the return on small savings schemes – including Public Provident Fund (PPF), NSC, Kisan Vikas Patra and Senior Citizen Savings Scheme — by 10 basis points....
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Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report
-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
More »Law Commission moots easier bail for poor
-The Telegraph New Delhi: The Law Commission has urged the government to amend the Criminal Procedure Code to make it easier for poor and illiterate accused to secure bail, and against "reasonable" Bonds. It has stressed that the rich tend to receive bail easily in the country whereas the poor are denied bail outright or are set bail Bonds that are beyond their ability to pay. It has also highlighted that over 70...
More »Law panel for cut in undertrials' jail time -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Law Commission is ready to submit to the Centre a set of recommendations intended to bring in revolutionary changes in bail jurisprudence which, if implemented, would help the release of the poor among the over 2.38 lakh undertrial prisoners languishing in jails for years. The commission's report on amendments to bail provisions has been finalised and the radical recommendations, if accepted by the government and...
More »EC to house panel: State funding won?t help, need radical changes to monitor poll expenditure -Anand Mishra
-The Indian Express Both the EC and the Law Ministry have been asked to furnish their written replies at the next meeting. New Delhi: AMID THE demands for state funding of elections, the Election Commission (EC) has categorically told a parliamentary panel that it is “not in favour” of the move. It has, instead, called for “radical changes” in the “provisions regarding receipt of funds” and expenditure by political parties to...
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