-The Indian Express Without some support from the state, the smallest of Indian peasants would be even more vulnerable. On September 27, President Ram Nath Kovind gave his assent to three contentious farm bills passed by Parliament — The Farmers (EmPowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 (FAPAFS), the Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 (FPTC) and the Essential Commodities (Amendment) Act, 2020...
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The perils of deregulated imperfect agrimarkets -R Ramakumar
-The Hindu The Farm Acts were legislative misadventures, while much more is needed to address the genuine fears of farmers The eruption of massive farmers’ protests across India against the Farm Acts has shocked those in the seat of Power in Delhi. According to the government, many private markets will be established, middlemen would disappear, farmers would be free to sell to any buyer and farmgate prices would rise. But the protesting...
More »Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath
-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram...
More »What is a bank moratorium, and when does it come into play? -K Bharat Kumar
-The Hindu * When does the Reserve Bank of India intervene, and what are some of the key steps it takes? The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India (RBI), imposed a moratorium on Lakshmi Vilas Bank (LVB) for a period of 30 days. The 94-year-old bank, based in Karur, Tamil Nadu, has been struggling with losses for three years. As...
More »Southeast Asia and the right to safe water -Sam Geall
-TheThirdPole.net More than 100 million people live without access to safe water in Southeast Asia, Sam Geall writes about what can be done to improve that and to protect clean water sources On 6 November, the Mekong River Commission acknowledged that climate change had exacerbated this year’s wildly varying water levels on the Mekong – which saw the mighty river reduced to a trickle in parts, even during the rainy season. But...
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