-The Indian Express Over-inclusive, says Chidambaram, it keeps out even those convicted of non-financial crime As Rajya Sabha cleared the Insolvency and Bankruptcy Code Amendment Bill Tuesday, Finance Minister Arun Jaitley said the government has entered unchartered territory and would continue to modify the law. “Insolvency and bankruptcy is an area in which it is only in recent years that we have chartered into. It is a learning experience,” Jaitley said in...
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NITI Aayog working on policy to cut oil bill by $100 billion
-PTI NEW DELHI: The government is working on a policy to bring down the annual oil Import Bill by $100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha on Thursday. The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the fuel...
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 »A Dangerous Bill on Banks: Where Depositors Are Made to Pay For Corporate Defaulters -Prabhat Patnaik
-TheCitizen.in FRDI BIll will do irreparable damage to yet another institution of Indian economy NEW DELHI: The BJP government, it appears, cannot remain content without inflicting irreparable damage on the institutions of the Indian economy. Its latest move in this direction is the Financial Resolution and Deposit Insurance (FRDI) Bill which was introduced in Parliament on the last day of the winter session and is now with a Select Committee. What this Bill...
More »Bamboo can be more profitable than sugarcane and rice! Check out how -Vivian Fernandes
-The Financial Express How about planting bamboo extensively along the banks of the Yamuna to sequester the carbon from Delhi’s vehicle emissions? According to the World Bank, India’s per person emission of carbon dioxide was 1,730 kg a year in 2014. Another website says this has risen to 1,900 kg in 2016. Bharathi Namby, a scientist, says it will take just five bamboo plants a year to make an Indian carbon-neutral,...
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