-The Times of India MUMBAI: Maharashtra has recorded 1,497 farmer suicides in the six months since the loan waiver was declared in June, official data shows. This is just 4.2% lower than the 1,563 cases reported in the same period last year. In fact, these cases account for 56% of the total 2,662 farmer suicides reported between January and November this year. The roll-out of the waiver was delayed by glitches in the...
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Bhargavi Zaveri, senior research associate at the Indira Gandhi Institute of Development Research, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
More »FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
More »No proposal for mandatory Aadhaar linkage for property deals: Govt
-PTI NEW DELHI: There was no proposal to make Aadhaar linkage mandatory for property transactions, the Parliament was informed on Tuesday. In a written reply in the Lok Sabha, Union Minister of State (Independent Charge) for Housing and Urban Affairs Hardeep Singh Puri, however, said the rural development ministry had advised the states and union territories to explore the possibilities of using consent-based Aadhaar authentication for registration of properties under the...
More »UIDAI tightens norms for Aadhaar-bank account linking -Vikas Dhoot
-The Hindu According to the latest rules, ‘explicitly informed consent’ from customers has been made compulsory. Following the Airtel India-Aadhaar subsidy fiasco, the Unique Identification Authority of India (UIDAI) on Tuesday has tightened the norms for mapping Aadhaar number to a different bank account. According to the latest rules, ‘explicitly informed consent’ from customers has been made compulsory. The National Payments Corporation of India (NPCI) will disable the override feature that UIDAI said was...
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