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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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A lifeline, interrupted -Nikhil Dey & Aruna Roy

-The Indian Express Government is prioritising savings over MGNREGA and rights of the poor. Rambeti from Sitapur, Uttar Pradesh, graphically described the predicament of MGNREGA workers like her in a recent press conference in Delhi. “The government repeatedly states that it will not let us die of starvation. But the truth is, it does not allow us to live either.” That is a terrible evaluation of MGNREGA — a landmark legislation enacted...

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New Finance Commission may penalise states for bad show in schemes -Subhomoy Bhattacharjee

-Business Standard The Commission says incentives for states will be decided, among others, by "control or lack of it in incurring expenditure on populist measures" New Delhi: States offering debt waivers or slipping on centrally funded programmes, such as Swacch Bharat, could get penalised, according to the terms set for the 15th Finance Commission. The terms of reference of the Commission, set up by the central government this week, makes these conditions...

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Farm policies for India -Ajay Vir Jakhar

-The Indian Express Union government must address structural issues in agricultural policy, allow states greater autonomy. Farmers from across the country are out on Delhi’s streets agitating just as the deliberations for the 2018 budget are beginning and it’s time to seek solutions to the structural issues that plague the system. The “one-size-fits-all” policy created for the farm sector is self-destructive in design and programmes meant to double farmer incomes are collapsing. The...

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Don't create panic on Aadhaar linking: SC to banks, telcos -Amit Anand Choudhary

-The Times of India NEW DELHI: The Supreme Court eased on Friday the pressure mounted by banks and telecom companies on customers through frequent messages to link Aadhaar with bank accounts and mobile phone numbers and ordered that they intimate people about the deadline for doing so. A bench of Justices A K Sikri and Ashok Bhushan said even judges are not spared from such messages, which the petitioners termed as part...

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