-Outlook Scary Bail-in clause in FRDI Bill cleared by the Union Cabinet in June 2017 allows banks to finance themselves using depositors money. Priding themselves for being 'cash-less' post demonetization last year, some Indians may come face to face with a horrific post-apocalyptic future where they could be deposit-less too. Yes, this could be a reality unless the government of the day removes the unholy 'bail-in' clause that theoretically allows beleaguered banks...
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Banks can wipe out your money -BR Muralidharan
-Deccan Chronicle Bail-in clause in the proposed law can make you lose your rights on your bank deposits. As part of a host of banking reforms, the Central government has approved a bill in June 2017 to enact a new law framing rules for the resolution of failing banks, whose details that surfaced on social media made all bank depositors a worried lot. If the government goes ahead with this move, it...
More »Delhi air pollution: A (crop) burning issue, and the way out -Harish Damodaran
-The Indian Express Delhi air pollution: The current smog and poor air quality in the National Capital Region has been blamed in part on stubble burning by farmers, especially in neighbouring Punjab and Haryana. What is the genesis of the problem? What are its potential solutions? * How widespread is crop stubble burning? It is mainly confined to Punjab, Haryana and parts of western Uttar Pradesh and Uttarakhand, where farmers grow paddy and...
More »Shaktikanta Das, former economic affairs secretary, interviewed by Sidhartha & Surojit Gupta
-The Times of India Former economic affairs secretary Shaktikanta Das , who played a key role during the demonetisation drive, spoke to TOI's Sidhartha & Surojit Gupta, four months after retiring from service in May. He says he does not agree with the criticism that implementation of demonetisation had serious shortcomings. Excerpts: * What is your assessment on the state of the economy? The macroeconomic parameters, except the growth figures which are down...
More »Ascetic's worldly worth: Yogi Adityanath owns firearms, SUV, Rs 95.98 lakh in movable assets -Rajesh Kumar Singh
-Hindustan Times In his election nomination papers for the state legislative council, chief minister Yogi Adityanath reveals he owns a 2014 model Toyota Fortuner and a Toyota Innova. Lucknow: Uttar Pradesh’s saffron-clad ascetic chief minister Yogi Adityanath owns a licensed revolver and rifle, a sport utility vehicle, wears a gold earring and a chain with rudraksha beads around his neck, and has movable assets worth Rs 95.98 lakh. Also, the 45-year-old priest-politician is...
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