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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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Crop insurance footprints increased but delayed claim payouts left farmers in crisis -Vishwa Mohan

-The Times of India NEW DELHI: New Delhi: New crop insurance scheme, launched in Kharif (summer-sown) season of 2016, has increased its footprints across the country with more area being covered in 2016-17 as compared to 2015-16 and 2014-15, but it has miles to go before it can actually bring relief to farmers due to current delay in claim disbursement. The claim settlement is not as fast as it was expected during...

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India's Millets Makeover: Set To Reach Poor, School Meals -Charu Bahri

-IndiaSpend.com So far, only a few states such as Karnataka and Tamil Nadu had made available millets and that too only in certain pockets. The union government proposes to include coarse grains such as jowar (sorghum), bajra (pearl millet) and ragi (finger millet) in the mid-day meal programme in schools and also distribute it through the government subsidised food programme, the public distribution system (PDS), agriculture secretary SK Patnaik said recently. This announcement...

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Contradictory positions can hurt India's prospects at the next WTO ministerial -Roshan Kishore

-Hindustan Times India should lead the charge for demanding a better deal on agricultural issues to counter rising protectionist tendencies in the West The 11th Ministerial Conference (henceforth ministerial) of the World Trade Organisation (WTO) begins on December 10 in Buenos Aires. Commerce minister Suresh Prabhu has downplayed the need for a permanent solution on public stockholding for food security as a peace clause already exists. He has even termed the demand...

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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...

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