-The Hindu If big money entirely funds elections in a secretive way, democracy as we know it will not exist The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue...
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Suppressing criticism a sure fire recipe for policy mistakes: Raghuram Rajan
-The Indian Express In an essay on LinkedIn, the former RBI governor said governments that suppress criticism do themselves a disservice. New Delhi: People in authority have to tolerate criticism and suppressing criticism is a sure-fire recipe for policy mistakes, former Reserve Bank of India Governor Raghuram Rajan said Monday. In an essay on LinkedIn, Rajan said governments that suppress public criticism do themselves a gross disservice. “People in authority have to...
More »SEBI relaxes FPI norms
-PTI New Delhi: Easing the regulatory framework for foreign portfolio investors, SEBI has simplified KYC requirements for them and permitted them to carry out off-market transfer of securities. Besides, the regulator has broad-based the classification for foreign portfolio investors (FPIs) and simplified their registration process. The notification comes after the board of SEBI in August approved a proposal to simplify the regulatory norms for FPIs. The new regulations have been redrafted based on...
More »Financial exclusion: 40.9 per cent of small, marginal farmers not covered by banks -George Mathew
-The Indian Express Despite so many initiatives and schemes aimed at financial inclusion, only 40.90 per cent of SMF could be covered by the scheduled commercial banks (SCBs), the report submitted by the RBI panel has said. The Reserve Bank of India’s Internal Working Group (IWG) to review agricultural credit — headed by Deputy Governor MK Jain — has raised several concerns on the farm front as lakhs of small and...
More »RBI panel questions efficacy of populists schemes for farmers, in favour of more structural changes -Atmadip Ray
-The Economic Times The group is also in favour of revising the sub-target for small and marginal farmers to 10% from the existing 8% of adjusted net bank credit with a roadmap of two years. KOLKATA: A Reserve Bank of India working group on agricultural credit has questioned the efficacy of populist measures such as debt waiver and interest subsidy on crop loans, while suggesting a slew of structural changes to boost...
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