-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram...
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Government to fast-track green nod -Vikas Dhoot
-The Hindu MoEF issues fresh guidelines to accelerate environmental appraisal of projects The Ministry of Environment and Forests (MoEF) wants to expedite the environment appraisal of industrial projects. These appraisals, as per norms, are conducted by independent panels of experts that have representatives from the government as well as from outside, trained in matters of ecology, wildlife and habitat preservation. The Expert Appraisal Committees (EACs) opine on whether a proposed project beyond a...
More »What is a bank moratorium, and when does it come into play? -K Bharat Kumar
-The Hindu * When does the Reserve Bank of India intervene, and what are some of the key steps it takes? The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India (RBI), imposed a moratorium on Lakshmi Vilas Bank (LVB) for a period of 30 days. The 94-year-old bank, based in Karur, Tamil Nadu, has been struggling with losses for three years. As...
More »India’s no to RCEP could still be a no -Biswajit Dhar
-The Hindu The circumstances under which New Delhi had distanced itself from the RCEP negotiations have hardly improved Last week, 15 East Asian countries agreed to take their economic integration several notches higher by forging the Regional Comprehensive Economic Partnership (RCEP), the largest free trade agreement (FTA) ever. In 2019, RCEP members accounted for about 30% of world output and population and 28% of world trade. But more importantly, about 44% of...
More »Odisha’s Bonda tribe sees rise in ‘distress migration’ -Satyasundar Barik
-The Hindu While the youth have abandoned villages for work in distant towns, children have dropped out of schools after pandemic Andrahal: Perched at a height of 3,500ft above sea level in the hilly Malkangiri district of Odisha, this village is difficult to access and so are its inhabitants — the Bondas, a particularly vulnerable tribal group, known for their secluded lives away from the mainstream. However, the lack of access has not...
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