-The Times of India NEW DELHI: During the last two years, the government collected more than Rs 16,400 crore as Swachh Bharat cess, meant to fund sanitation schemes, but the Comptroller and Auditor General (CAG) has pointed out nearly a quarter of the collection has stayed outside the dedicated fund. While collections through the 0.5% cess on all services was meant to be transferred to a non-lapsable Rashtriya Swachhta Kosh, over Rs...
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Bank depositors' interests will be protected, assures PM
-The Hindu Business Line Blames UPA for NPA mess; says industry bodies should have been more vigilant New Delhi: Prime Minister Narendra Modi did not mince words when he addressed industry captains at the 90th Annual General Meeting of the Federation of Indian Chambers of Commerce and Industry here on Wednesday. In a speech that lasted slightly over 45 minutes, Modi put to rest all concerns pertaining to use of individuals deposits for...
More »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...
More »For India, the fight at WTO will be about food security -Sachin Kumar Jain
-Down to Earth India needs to find a permanent solution to the problem of public stock holding, as it is a matter of survival for hundreds of millions people During the negotiations for WTO Agreement on Agriculture in 2001, India raised concerns over food security and flexibility that developing nations must have when it comes to providing subsidies to key farm inputs. Seventeen years have passed since then and countries like...
More »Exclusion of farm tractors from category of 'non-transport vehicles' will hit farmers: Swaraj India
-The Hindu Business Line New Delhi: The Centre’s decision to exclude agricultural tractors from the category of ‘non-transport vehicles’ will have “severe implications” on the already distressed farmers of the country, said Swaraj India, a party founded by Yogendra Yadav and Prashant Bhushan, after breaking away from the Aam Aadmi Party. In a memorandum submitted to the Road Transport Minister Nitin Gadakri, the party has demanded more time for submission of objections...
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