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Anxieties of the dominant -Christophe Jaffrelot & Kalaiyarasan A

-The Indian Express At the root of the insecurities of Marathas, Jats and Patels lies lack of education and employability The recent clash in Pune district between the Mahars and Marathas reflects the anti-Dalit prejudice of the latter, but it needs to be analysed in the context of the changing status of dominant castes, not only in Maharashtra but across India. The claims of Patels, Jats and Marathas to be considered as...

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New territory, says Arun Jaitley as House passes Insolvency Bill -Rahul Tripathi

-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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Iron, steel cos' GNPA for PSBs in basic metals 24%: Govt

-PTI The Indian steel industry contributes approximately 2 per cent to the country's GDP New Delhi: Iron and steel sector accounts for about 24 per cent of total gross non-performing Assets (GNPA) in basic metal and metal product category for public sector banks (PSBs), according to the Ministry of Steel. "The share of gross non-performing Assets (GNPA) for iron and steel in basic metal and metal product category as on September 30, 2017...

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Bitcoins like Ponzi schemes: Govt

-The Times of India NEW DELHI: The government on Friday cautioned people against the risk of virtual currencies, saying they are not legal tender and do not have any regulatory permission or protection in India.   In one of the sternest warnings by the authorities, the government said virtual currencies are not backed by government fiat. The caution comes against the backdrop of a surge in interest in such instruments, fuelled by astronomical...

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Why are farmers distressed across India? -Vikas Vasudeva

-The Hindu * What’s the problem? The year 2017 was marked by several farmers’ protests nationwide, with a few turning violent. Last month, in New Delhi, 184 farmer groups came together from Tamil Nadu, Maharashtra, Madhya Pradesh, Uttar Pradesh, Punjab and Telangana to take part in a ‘protest walk.’ The protest once again highlighted the plight of farmers and the extent of agrarian distress. The agriculture sector is characterised by instability in incomes...

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