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After public outcry, Govt drops FRDI Bill

-The Hindu Business Line Controversial ‘bail-in’ clause had unnerved bank depositors New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy. The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the ‘bail-in’...

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EPFO data government cited to show job surge is now down -Aanchal Magazine

-The Indian Express EPFO manages social security funds of workers in the organised/semi-organised sector in the country. EPF is applicable to establishments with more than 20 workers. New Delhi: The Employees’ Provident Fund Organisation’s (EPFO’s) enrolment numbers, which formed the basis for an ‘independent’ study released earlier this year that the government cited as an indicator of buoyancy in formal job creation in the Economy, has now been sharply whittled down for...

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Modicare is a 'hoax'! After Amartya Sen, this economist slams Modi government

-Financial Express After presenting the Budget 2018, Finance Minister Arun Jaitley gave a name to government’s ambitious healthcare scheme Ayushmann Bharat: Modicare. He said that nobody knew whether Obamacare was successful but Modicare will become successful in every possible way. Dubbed as “world’s largest government-funded health care programme” aims to provide health insurance coverage of Rs 5 lakh per family per annum to 10 crore poor and vulnerable families. While the programme...

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'Dismantling India': A grim account of 4 years of Modi government -Bhasha Singh

-National Herald Titled ‘Dismantling India’ and put together by a team of distinguished experts, the study complains about the failing Economy, rising unemployment, atrocities against minorities under the BJP govt A damning report scrutinizing the performance of the Narendra Modi government in its first four years was released on Saturday. In last four years of Modi government, there have been 214 reported cases of attack on civil society and freedom of expression, 228...

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Per capita income, human development rankings puncture holes in India's GDP rise story -Sakshi Arora

-ThePrint.in GDP per capita of $1,940 shows the average Indian is less prosperous than those in some of our neighbouring countries. New Delhi: India is now the sixth largest Economy in the world with a Gross Domestic Product (GDP) of $2.597 trillion, according to World Bank data for 2017, updated this week. It has surpassed, among other countries, France which has a GDP of $ 2.582 trillion. The data points to a rapidly...

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