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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...

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Wheat sowing lower by 6% from last year, shows agriculture ministry's data -Sayantan Bera

-Livemint.com Wheat sowing is lagging behind last year’s numbers despite a hike in support prices and doubling of import duties to encourage domestic growers New Delhi: Area planted under wheat, the main winter crop, is 6% lower than the year before, showed data on progress of Rabi sowing released by the agriculture ministry on Friday. According to the ministry, wheat has so far been planted in 19 million hectares, compared to the 20.4...

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Crop insurance footprints increased but delayed claim payouts left farmers in crisis -Vishwa Mohan

-The Times of India NEW DELHI: New Delhi: New crop insurance scheme, launched in Kharif (summer-sown) season of 2016, has increased its footprints across the country with more area being covered in 2016-17 as compared to 2015-16 and 2014-15, but it has miles to go before it can actually bring relief to farmers due to current delay in claim disbursement. The claim settlement is not as fast as it was expected during...

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India to seek permanent solution to food stock issue at WTO

-PTI Buenos Aires: Commerce and Industry Minister Suresh Prabhu has said that a permanent solution to the public stockholding of food stock is a "must have" at the 11th ministerial conference of the World Trade Organisation (WTO) which begins here today. The permanent solution, the minister said, should also cover the current as well as future programmes of all developing member countries and LDCs as it concerns the livelihood of millions of...

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India's Millets Makeover: Set To Reach Poor, School Meals -Charu Bahri

-IndiaSpend.com So far, only a few states such as Karnataka and Tamil Nadu had made available millets and that too only in certain pockets. The union government proposes to include coarse grains such as jowar (sorghum), bajra (pearl millet) and ragi (finger millet) in the mid-day meal programme in schools and also distribute it through the government subsidised food programme, the public distribution system (PDS), agriculture secretary SK Patnaik said recently. This announcement...

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