-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...
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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...
More »Agri experts call for income security, price support for farmers
-The Hindu Business Line Meet Jaitley for pre-Budget discussion New Delhi: Experts from the agriculture sector have sought measures to offset the impact of inflation on crops and income security for farmers and also debated the farm loan waiver at a pre-Budget meeting with Finance Minister Arun Jaitley on Tuesday. This was the first such meeting and the Finance Minister will meet more sectoral groups this week to get their proposals for the...
More »Fading fingerprints disconnect Aadhaar link for the elderly -Deepa H Ramakrishnan & Sofia Juliet R
-The Hindu Senior citizens seek exception from registering biometrics in banks Chennai: Many senior citizens visiting banks for providing life certificate for Pension and linking their Aadhaar numbers with bank accounts have been put to a lot of hardship. They complained that there was no common rule for banks and each of them was following whatever pattern their head offices had decided. Pensioners Herbert Clay, 69, and his wife Annie Clay, 63, had...
More »No fingers or iris for Aadhaar, Bengaluru woman loses Pension -Suraksha P
-The New Indian Express BENGALURU: Sajida Begum, 65, has been living at the Leprosy Hospital on Magadi Road for the past 10 years. Her family left her at the hospital years ago and does not come to visit. This leprosy patient’s only sustenance is the Rs 1,000 Pension that she gets every month. Three months ago, this was stopped for the lack of an Aadhaar card. Sajida has lost her fingers and...
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