-The Hindu Bengaluru: Aadhaar, an identity number issued to all Indians based on their biometric and demographic data, faces a potential threat from cyber criminals which can cripple the economy, according to a white paper done by the Institute for Development and Research in Banking, which is affiliated to the Reserve Bank of India. “Thanks to Aadhaar, for the first time in the history of India, there is now a readily...
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Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra & KR Srivats
-The Hindu Business Line Bonds to make up for shortfall being considered New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism. The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors’ monies in troubled banks, while providing higher protection to them, sources...
More »Time to go to FRDI Bill's roots -Rajrishi Singhal
-Livemint.com Controversy around the bail-in clause aside, FRDI Bill’s clauses 58 and 62(1) regarding governance of a firm declared critical are inherently conflicting Much has been said and written about the Financial Resolution and Deposit Insurance Bill, 2017. The FRDI Bill was scheduled for discussion in Parliament this winter session but will now have to yield to more immediate concerns such as the Gujarat election results and the Central Bureau of Investigation...
More »RBI May Be Either Holding Back Or Could Have Stopped Printing Rs 2,000 Notes, Says SBI Report
-Outlook The Reserve Bank of India (RBI) may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI Research report. Juxtaposing the data presented in the Lok Sabha recently with the one provided by RBI in its Annual Report earlier, the SBI Ecoflash report said today, "we observe" that the value of small denomination currency in circulation up to March 2017 was Rs 3,501...
More »Can farmer producer groups replace arhtiyas, push crop diversification? -Vibhor Mohan
-The Times of India CHANDIGARH: Agri marketing in Punjab is unimaginable without commission agents (arhtiyas). But a section of farmers in the state are beginning to respond to farmer producer organizations' (FPOs) attempt at marketing as an alternative to the traditional direct selling. The move is also expected to help farmers break the wheat-paddy cycle and take to growing vegetables. A study sponsored by National Bank for Agriculture and Rural Development (NABARD)...
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