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Economist rues rise of hate -Devadeep Purohit

-The Telegraph Calcutta: Economist Kaushik Basu on Friday regretted the rise of a "narrow-minded" approach and "hatred" in the country. Basu, the C. Marks professor of international studies and professor of economics at Cornell University, made the observation while delivering a lecture on"economics and morality" in memory of Swami Lokeswarananda of the Ramakrishna Mission. "In today's India, we are getting narrow-minded. There is hatred among people," rued the former chief economist of the...

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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...

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FRDI: Grossly at Odds with the Indian Financial System -Sucheta Dalal

-MoneyLife.in The government’s penchant for painting all legitimate questions about its faulty policy-making as scaremongering or anti-national is getting rather irksome. Prime minister Narendra Modi (at the FICCI annual general meeting) and finance minister Arun Jaitley have both responded to fears over the implications of the Financial Resolution and Deposit Insurance Bill (FRDI Bill) , 2017, by lashing out at critics and reassuring people that the government will protect Bank deposits....

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In parched Bundelkhand, a new burden for farmers: Build fences to keep cattle out -Harish Damodaran

-The Indian Express Gauraksha is fine, but who will protect our crop from stray cattle, ask farmers. Jhanshi: With Rs 1.5 lakh, a farmer can buy three Holstein Friesian crossbred cows, each giving 4,000 litres or more of milk annually. But Rs 1.5 lakh is roughly what Bhupendra Patel has spent on fencing his 10-acre farm at Dhawari village in Jhansi district’s Tahrauli tehsil. The seven-feet-high barbed-wire enclosure is only to prevent...

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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...

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