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WTO: We can't yield on food security -Amiti Sen

-The Hindu Business Line India needs to be firm in Buenos Aires about its public stockholding programme, resisting pressure from US and Brazil The outcome of the Eleventh Ministerial Conference of the World Trade Organisation (MC11) beginning in Buenos Aires on Sunday is difficult to predict as consensus continues to elude members on all key issues ranging from agriculture subsidies to e-commerce in the ongoing preparatory discussions in Geneva. It is, however, important...

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Farmers seek income security law in pre-budget consultation -Gireesh Chandra Prasad

-Livemint.com At a pre-budget consultation, farmers and agriculture economists call for steps to reduce input costs New Delhi: Farmers on Tuesday urged finance minister Arun Jaitley to statutorily ensure income security for them and simultaneously take steps to reduce input costs and thereby make farming profitable. The suggestions from the Consortium of Indian Farmers Associations (CIFA) and agriculture economists was made at the first of the pre-budget consultation. “The median agriculture income is...

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Preparing For Cyprus Moment: Centre May Allow Banks To Use Your Hard-Earned Deposits In Case It Collapses -Kumar Shankar Roy

-Outlook Scary Bail-in clause in FRDI Bill cleared by the Union Cabinet in June 2017 allows banks to finance themselves using depositors money. Priding themselves for being 'cash-less' post demonetization last year, some Indians may come face to face with a horrific post-apocalyptic future where they could be deposit-less too. Yes, this could be a reality unless the government of the day removes the unholy 'bail-in' clause that theoretically allows beleaguered banks...

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Banks can wipe out your money -BR Muralidharan

-Deccan Chronicle Bail-in clause in the proposed law can make you lose your rights on your bank deposits. As part of a host of banking reforms, the Central government has approved a bill in June 2017 to enact a new law framing rules for the resolution of failing banks, whose details that surfaced on social media made all bank depositors a worried lot. If the government goes ahead with this move, it...

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With Shifting Accountability on NREGA Payment Delays, Workers Continue to Be Denied Their Due -Rajendran Narayanan, Sakina Dhorajiwala and Rajesh Golani

-TheWire.in Not only is the government failing to make timely payments, but the Centre’s definition of what constitutes a ‘delay’ is also flawed. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) guarantees 100 days of work in a year for every rural household that demands work. In the current financial year, over 152 crore person days of work has been generated through the programme. The Act mandates that every worker must...

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