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Banks have no liability for loss of valuables in lockers: RBI -Hary M Pillai

-PTI RBI says do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability New Delhi: Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability. This bitter truth was disclosed in an RTI response...

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Stent prices: Firms, doctors got away with looting -Rema Nagarajan

-The Times of India NEW DELHI: The Modi government's efforts to cap the price of cardiac stents exposed the nexus between stent companies and hospitals in looting the public by overcharging them. But no action has been taken against either companies or hospitals. None of them paid penalties or faced charges for colluding to cheat the public. Contrast this with the US government which has, over the years, fined the three biggest...

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With Facebook banned, Kashmir's youth reach out via Kashbook -Suvojit Bagchi

-The Hindu Tech-savvy teens develop alternative social networking platforms for the Valley Srinagar: A bright and windy day, when tourists were out and about in Srinagar, turned dark in minutes. Shops and schools shut, children rushed home, police swarmed the streets and internet links snapped, as news of top Hizbul Mujahideen commander Sabzar Bhat’s death broke. But amidst the chaos, two teens were busy making plans to attract more traffic to their...

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Crop prices and farmers' unrest -CP Chandrasekhar and Jayati Ghosh

-The Hindu Business line Distressed farmers are demanding loan waivers, but that should not deflect focus from what needs to be done and undone to address the root cause of the agrarian crisis The farmers’ unrest across the country, and particularly across several BJP-ruled States, appears to have caught the central government by surprise. But it should really not have done so. Ever since candidate Narendra Modi in 2014 promised the farmers...

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Waiving farm loans is not only bad for the economy but also detrimental to interests of the farmer -Ram Singh

-The Economic Times blog Farmers, from Punjab in the north to Tamil Nadu in the south, have started agitations demanding farm loans be waived. The Uttar Pradesh and Maharashtra governments have already considered it politically expedient to write them off. Some other states may follow the suit. However, such decisions are as misguided as they are misleading. Nonetheless, it will be a mistake to treat the agitations as a domino effect of...

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